A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in Canada
Step 1 – Signup to Kraken You'll first need to buy one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your first Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Bitcoin SV (BSV) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Bitcoin SV (BSV) As soon as your deposit has been confirmed, you'll now have access to your finances and you can start invest and trading. To invest in Bitcoin SV (BSV) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. To find (BSV) Bitcoin SV, you'll need to put the cointype (BSV) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've marked this too. Click on “BSV/BTC” to progress.
Step 4 – Purchase Bitcoin SV (BSV) After you have discovered (BSV) Bitcoin SV, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're going to make our Limit Order. The field with the “Price” tag will be filled with the most latest price (BSV) Bitcoin SV was traded for. This can be changed to your favoured price. The “Amount” field is the volumen of BSV you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of BSV. If you're glad, click on “Buy BSV”. Your plan will be filled as soon as a Vender sells their BSV for the price you submitted.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer period of time. To take off your Bitcoin SV (BSV), go to the “Funds” tab and click on “Withdraw”. (BSV) Bitcoin SV can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BSV) Bitcoin SV by using the given drop-down box. Enter the volumen of Bitcoin SV (BSV) you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.