How to Buy Bitcoin Cash (BCH) in Australia

A Step-by-Step-Guide on how to buy Bitcoin Cash (BCH) in Australia

Step 1 – Join Coinmama

You will first need to purchase one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and to get your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin Cash (BCH) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash}

Once your deposit has been verified, you will instantly have access to your funds and you can initiate invest and trading. To invest in {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash} on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”.

To spot {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash}, you will need to put the shortname of the coin (BCH) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've highlighted this too. Click on “BCH/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Bitcoin Cash (BCH)
Step 4 – Acquisition of {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash}

As soon as you have located {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash}, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're making our Limit Order.

The ”Price” field will be filled automatically with the most latest tariff {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash} was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of BCH you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole amount of BCH.

When you're satisfied, make a mouse click on “Buy BCH”. Your plan will be filled when a Seller sells their BCH for the price you offered.

Step 5 – Withdraw {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash}

Unless you're regularly trading, you should never keepyour crypto on an Exchange for an longer time frame. To take off your {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash}, hover over the tab called “Funds” and click on “Withdraw”. {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash} by using the given drop-down box. Drop in the quantity of {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash} you'd wish to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Kudos! You have successfully bought and stored Bitcoin Cash (BCH) in Australia.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the {Bitcoin Cash (BCH)|(BCH) Bitcoin Cash} is safe inside your wallet, you are all done.

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