How to Buy Bitcoin SV (BSV) in Malawi

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

Step 1 – Join Kraken

You will first need to purchase units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Bitcoin SV (BSV) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find Bitcoin SV (BSV)

As soon as your deposit has been verified, you'll now have access to your finances and you can commence buying and trading. To invest in (BSV) Bitcoin SV on Binance, you will want to go to the “Exchange” tab and after that click on “Basic”.

To spot Bitcoin SV (BSV), you'll need to put the shortname of the coin (BSV) into the search-box, which is marked in the image. Be certain of having selected the correct pairing, we've highlighted this also. Click on “BSV/BTC” to go on.

Step 4 – Buying Bitcoin SV (BSV)

After you've found Bitcoin SV (BSV), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to create our own Limit Order.

The “Price” field will be filled with the most recent price Bitcoin SV (BSV) was traded for. You can change this to your preferred rate. 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'll pay for the whole volumen of BSV.

When you are glad, make a mouse click on “Buy BSV”. Your plan will be filled as soon as a Seller sells their BSV for the price you submitted.

Step 5 – Withdraw (BSV) Bitcoin SV

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer time period. In order to withdraw your (BSV) Bitcoin SV, hover over the “Funds” tab and click on “Withdraw”. Bitcoin SV (BSV) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BSV) Bitcoin SV by using the given drop-down box. Put into the quantity of Bitcoin SV (BSV) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully purchased and stored Bitcoin SV (BSV) in Malawi.

That's it!

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