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 BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Bitcoin SV (BSV) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate Bitcoin SV (BSV) As soon as your deposit has been confirmed, you'll directly have access to your assets and you can launch invest and trading. To invest in Bitcoin SV (BSV) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. 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. Be certain of having selected the proper grouping, we've highlighted this too. Click on “BSV/BTC” to progress.
Step 4 – Purchase Bitcoin SV (BSV) After you've located Bitcoin SV (BSV), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are making our own Limit Order. The ”Price” field will be automatically filled with the most recent valuation Bitcoin SV (BSV) was traded for. You can change this to your desired 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 pay for the whole amount of BSV. If you are happy, click on “Buy BSV”. Your order will be filled as soon as a Seller sells their BSV for the price you gave.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extended period of time. 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 example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Bitcoin SV (BSV) by using the provided drop-down box. Put into the volumen of Bitcoin SV (BSV) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click on “Submit”. You may be requested for phone/email verification before a take off.