How to Buy Bitcoin SV (BSV) in Luxembourg

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and getting your welcome Ethereum or Bitcoin.

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Bitcoin SV (BSV) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate (BSV) Bitcoin SV

As soon as your deposit has been verified, you'll instantly have access to your assets and you can begin purchasing and trading. To purchase (BSV) Bitcoin SV on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to spot Bitcoin SV (BSV), you'll need to insert the cointype (BSV) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we've highlighted this also. Click on “BSV/BTC” to continue.

Step 4 – Purchasing (BSV) Bitcoin SV

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

The field with the “Price” tag will be automatically filled with the most recent rate Bitcoin SV (BSV) was traded for. You can change this to your desired rate. The “Amount” field is the amount of BSV you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen 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 crypto coins on an Crypto Exchange for an extended time period. In order to take off your (BSV) Bitcoin SV, go to the “Funds” tab and click on “Withdraw”. (BSV) Bitcoin SV can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin SV (BSV) by using the given drop-down box. Enter the volumen of Bitcoin SV (BSV) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a take off.

Kudos! You've successfully bought and stored (BSV) Bitcoin SV in Luxembourg.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Bitcoin SV (BSV) is stored in your wallet, you are done.