A Step-by-Step-Guide on how to buy Bitcoin SV (BSV)
Step 1 – Join CEX.io In the beginning you'll need to buy one of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Bitcoin SV (BSV) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Bitcoin SV (BSV) Once your deposit has been affirmed, you will now have access to your assets and you can start buying and trading. To invest in Bitcoin SV (BSV) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To discover Bitcoin SV (BSV), you will need to insert the cointype (BSV) into the search-box, which is marked in the picture. Be certain of having selected the right pairing, we've marked this also. Click on “BSV/BTC” to advance.
Step 4 – Acquisition of Bitcoin SV (BSV) Once you've found Bitcoin SV (BSV), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date valuation Bitcoin SV (BSV) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of BSV you wish to buy. The ”Total” field is the aggregated price in BTC that you will pay for the complete volumen of BSV. When you're glad, make a mouse click on “Buy BSV”. Your order will be filled as soon as a Vender sells their BSV for the price you submitted.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you're frequently trading, best advise is not to keep coins on an 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 stored securely using a Wallet, for instance 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 displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click “Submit”. You could be asked for phone/email verification before a take off.