A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in Iceland
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy units of the major coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and getting your welcome $10.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Bitcoin SV (BSV) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate (BSV) Bitcoin SV Once your deposit has been confirmed, you'll now have access to your assets and you can begin buying and trading. To invest in (BSV) Bitcoin SV on Binance, you will want to go to the “Exchange” tab and click on “Basic”. In order to discover Bitcoin SV (BSV), you'll need to insert the shortname of the coin (BSV) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “BSV/BTC” to continue.
Step 4 – Acquisition of (BSV) Bitcoin SV Once you've found (BSV) Bitcoin SV, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation Bitcoin SV (BSV) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of BSV you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole amount of BSV. If you're happy, make a mouse click on “Buy BSV”. Your plan will be filled when a Vender trades their BSV for the price you introduced.
Step 5 – Withdraw (BSV) Bitcoin SV Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extensive time period. In order to withdraw 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. Drop in the quantity of Bitcoin SV (BSV) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click “Submit”. You could be asked for phone/email verification before a take off.