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 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Bitcoin SV (BSV) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Bitcoin SV (BSV) Once your deposit has been approved, you will immediately have access to your assets and you can launch purchasing and trading. To purchase Bitcoin SV (BSV) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate Bitcoin SV (BSV), you will need to insert the shortname of the coin (BSV) into the search box, which is marked in the image. Make sure you have selected the correct pairing, we've marked this also. Click on “BSV/BTC” to go ahead.
Step 4 – Acquisition of Bitcoin SV (BSV) After you've located Bitcoin SV (BSV), you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our Limit Order. The ”Price” field will be filled automatically with the most recent price Bitcoin SV (BSV) was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of BSV you like to buy. The ”Total” field is the aggregated price in BTC that you will pay for the whole quantity of BSV. When you're glad, click on “Buy BSV”. Your plan will be filled when a Vendor sells their BSV for the price you gave.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Trader for an longer time period. In order to take off your Bitcoin SV (BSV), hover over the ”Funds” tab and mouse click on “Withdraw”. Bitcoin SV (BSV) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin SV (BSV) by using the provided drop-down box. Drop in the quantity of Bitcoin SV (BSV) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You may be requested for phone/email verification before a take off.