A Step-by-Step-Guide on how to buy Bitcoin SV (BSV)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Bitcoin SV (BSV) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Bitcoin SV (BSV) Once your deposit has been approved, you will instantly have access to your assets and you can start purchasing and trading. To buy Bitcoin SV (BSV) on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to spot Bitcoin SV (BSV), you'll need to put the shortname of the coin (BSV) into the search box, which is highlighted in the graphic. Be certain of having choosen the right pairing, we have marked this also. Click on “BSV/BTC” to progress.
Step 4 – Acquisition of Bitcoin SV (BSV) As soon as you have spotted Bitcoin SV (BSV), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff Bitcoin SV (BSV) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of BSV you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of BSV. When you are satisfied, click on “Buy BSV”. Your plan will be filled when a Seller sells their BSV for the price you gave.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an longer time period. To withdraw your Bitcoin SV (BSV), go to the ”Funds” tab and click on “Withdraw”. Bitcoin SV (BSV) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin SV (BSV) by using the provided drop-down box. Put into the quantity of Bitcoin SV (BSV) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.