How to Buy Bitcoin SV (BSV) in Germany

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

Step 1 – Join Kraken

You'll first need to purchase one of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto 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 similar. Bitcoin SV (BSV) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find (BSV) Bitcoin SV

Once your deposit has been approved, you'll immediately have access to your funds and you can start purchasing and trading. To buy Bitcoin SV (BSV) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate Bitcoin SV (BSV), you'll need to put the shortname of the coin (BSV) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we have highlighted this also. Click on “BSV/BTC” to go ahead.

Step 4 – Buying (BSV) Bitcoin SV

As soon as you've spotted Bitcoin SV (BSV), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date valuation (BSV) Bitcoin SV was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of BSV you like to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the complete volumen of BSV.

When you are happy, make a mouse click on “Buy BSV”. Your plan will be filled when a Vendor sells their BSV for the price you offered.

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time period. In order to withdraw your (BSV) Bitcoin SV, go to the “Funds” tab and mouse click on “Withdraw”. (BSV) Bitcoin SV can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BSV) Bitcoin SV by using the given drop-down box. Enter the volumen of Bitcoin SV (BSV) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Congrats! You have successfully purchased and stored (BSV) Bitcoin SV in Germany.

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (BSV) Bitcoin SV is safe inside your wallet, you're done.
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