How to Buy Bitcoin SV (BSV)

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).

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Bitcoin SV (BSV) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Bitcoin SV (BSV)

Once your deposit has been confirmed, you will immediately have access to your assets and you can begin purchasing and trading. To buy Bitcoin SV (BSV) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot Bitcoin SV (BSV), you will need to insert the cointype (BSV) into the search-box, which is highlighted in the image. Make sure you have selected the correct grouping, we've highlighted this also. Click on “BSV/BTC” to proceed.

Binance Hot To Buy Bitcoin SV (BSV)
Binance How to Buy (BSV) Bitcoin SV
Step 4 – Acquisition of Bitcoin SV (BSV)

As soon as you have spotted Bitcoin SV (BSV), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date rate Bitcoin SV (BSV) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of BSV you wish to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole volumen of BSV.

If you're happy, make a mouse click on “Buy BSV”. Your plan will be filled when a Seller trades their BSV for the price you introduced.

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. To take off your Bitcoin SV (BSV), go to the tab called “Funds” and click on “Withdraw”. Bitcoin SV (BSV) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin SV (BSV) by using the provided drop-down box. Drop in the quantity of Bitcoin SV (BSV) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're satisfied, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully bought and safed Bitcoin SV (BSV).

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (BSV) Bitcoin SV is safe inside your wallet, you are finished.

Some other Guides on How to buy Coins

How to Buy PEPS Coin
How to Buy Electra
How to Buy Coins
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