A Step-by-Step-Guide on how to buy Bitcoin SV (BSV)
Step 1 – Join CEX.io You'll first need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Bitcoin SV (BSV) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Bitcoin SV (BSV) As soon as your deposit has been verified, you will instantly have access to your assets and you can launch buying and trading. To buy Bitcoin SV (BSV) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot Bitcoin SV (BSV), you will need to put the cointype (BSV) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we've highlighted this also. Click on “BSV/BTC” to continue.
Step 4 – Purchase Bitcoin SV (BSV) Once you have located Bitcoin SV (BSV), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our own Limit Order. The field with the “Price” tag will be automatically filled with the recent valuation Bitcoin SV (BSV) was traded for. This can be changed to your desired price. The ”Amount” field is the amount of BSV you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of BSV. If you are satisfied, click on “Buy BSV”. Your order will be filled as soon as a Seller trades their BSV for the price you submitted.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your Bitcoin SV (BSV), hover over the ”Funds” tab and click on “Withdraw”. Bitcoin SV (BSV) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin SV (BSV) by using the provided drop-down box. Enter the amount of Bitcoin SV (BSV) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a take off.