How to Buy Bitcoin SV (BSV) in Cyprus

A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in Cyprus

Step 1 – Join Kraken

You will first need to buy one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Bitcoin SV (BSV) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have selected the correct coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate (BSV) Bitcoin SV

Once your deposit has been confirmed, you'll now have access to your finances and you can launch buying and trading. To buy (BSV) Bitcoin SV on Binance, you'll want to go to the “Exchange” tab and click on “Basic”.

To find Bitcoin SV (BSV), you'll need to put the short name of the asset (BSV) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've marked this also. Click on “BSV/BTC” to progress.

Step 4 – Purchasing (BSV) Bitcoin SV

Once you have discovered (BSV) Bitcoin SV, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are creating our Limit Order.

The “Price” field will be filled automatically with the latest rate (BSV) Bitcoin SV was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of BSV you wish to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete quantity of BSV.

If you are glad, click on “Buy BSV”. Your plan will be filled as soon as a Seller trades their BSV for the price you offered.

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you're frequently trading, you should never keepyour crypto on an Crypto Trader for an longer period of time. In order 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin SV (BSV) by using the given drop-down box. Enter the amount of (BSV) Bitcoin SV you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

If you're satisfied, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congratulations! You have successfully purchased and stored Bitcoin SV (BSV) in Cyprus.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (BSV) Bitcoin SV is stored in your wallet, you're finished.
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