How to Buy Bytecoin (BCN) in Australia

A Step-by-Step-Guide on how to buy Bytecoin (BCN) in Australia

Step 1 – Signup to Coinmama

In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Bytecoin (BCN) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual)

Make sure you've selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find {Bytecoin (BCN)|(BCN) Bytecoin}

Once your deposit has been confirmed, you'll directly have access to your assets and you can initiate buying and trading. To purchase {Bytecoin (BCN)|(BCN) Bytecoin} on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate {Bytecoin (BCN)|(BCN) Bytecoin}, you'll need to put the shortname of the coin (BCN) into the search-box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “BCN/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Bytecoin (BCN)
Step 4 – Buying {Bytecoin (BCN)|(BCN) Bytecoin}

As soon as you have located {Bytecoin (BCN)|(BCN) Bytecoin}, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our Limit Order.

The ”Price” field will be filled with the most latest tariff {Bytecoin (BCN)|(BCN) Bytecoin} was sold for. This can be changed to your preferred price. The ”Amount” field is the amount of BCN you like to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the complete amount of BCN.

If you're satisfied, make a mouse click on “Buy BCN”. Your order will be filled when a Seller trades their BCN for the price you submitted.

Step 5 – Withdraw {Bytecoin (BCN)|(BCN) Bytecoin}

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time period. To withdraw your {Bytecoin (BCN)|(BCN) Bytecoin}, go to the ”Funds” tab and mouse click on “Withdraw”. {Bytecoin (BCN)|(BCN) Bytecoin} can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Bytecoin (BCN)|(BCN) Bytecoin} by using the given drop-down box. Enter the quantity of {Bytecoin (BCN)|(BCN) Bytecoin} you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you are happy, click on “Submit”. You may be requested for verfication via phone/email before a take off.

Congratulations! You've successfully bought and safed Bytecoin (BCN) in Australia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your take off using Ethplorer.io or Etherscan.io and the {Bytecoin (BCN)|(BCN) Bytecoin} is stored within your wallet, you are done.

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