How to Buy Bitcoin SV (BSV) in Dominica

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and to get your welcome Bitcoin or Ethereum.

Step 2 – Transmit Your Funds to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Bitcoin SV (BSV) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you have selected the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find Bitcoin SV (BSV)

Once your deposit has been affirmed, you will instantly have access to your assets and you can begin invest and trading. To buy Bitcoin SV (BSV) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

To spot Bitcoin SV (BSV), you will need to put the short name of the asset (BSV) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we have highlighted this also. Click on “BSV/BTC” to proceed.

Step 4 – Buying Bitcoin SV (BSV)

Once you have located Bitcoin SV (BSV), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most recent price (BSV) Bitcoin SV was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of BSV you like to purchase. The “Total” field is the total price in BTC that you'll settle for the whole volumen of BSV.

When you're satisfied, click on “Buy BSV”. Your plan will be filled as soon as a Vendor sells their BSV for the price you gave.

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you're trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your (BSV) Bitcoin SV, hover over the “Funds” tab and mouse 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 provided drop-down box. Enter the quantity of Bitcoin SV (BSV) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you're satisfied, click on “Submit”. You could be asked for verfication via phone/email before a take off.

Kudos! You've successfully purchased and safed (BSV) Bitcoin SV in Dominica.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the (BSV) Bitcoin SV is safe inside your wallet, you're all done.
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