A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in Malaysia
Step 1 – Join Kraken In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and receive your first Bitcoin or Ethereum.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Bitcoin SV (BSV) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. Bitcoin 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 how-to).
Step 3 – Locate (BSV) Bitcoin SV As soon as your deposit has been verified, you'll now have access to your funds and you can commence buying and trading. To purchase (BSV) Bitcoin SV on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. In order to find (BSV) Bitcoin SV, you'll need to put the shortname of the coin (BSV) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we've marked this too. Click on “BSV/BTC” to go ahead.
Step 4 – Acquisition of Bitcoin SV (BSV) After you have found (BSV) Bitcoin SV, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we're going to make our own Limit Order. The “Price” field will be filled automatically with the most up-to-date rate Bitcoin SV (BSV) was traded for. This can be changed to your preferred rate. The “Amount” field is the volumen of BSV you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of BSV. When you are happy, click on “Buy BSV”. Your plan will be filled when a Vender trades their BSV for the price you submitted.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you're trading, best advise is not to keep coins on an Exchange for an longer period of time. In order to take off your (BSV) Bitcoin SV, hover over the “Funds” tab and click on “Withdraw”. Bitcoin SV (BSV) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (BSV) Bitcoin SV by using the given drop-down box. Enter the amount of Bitcoin SV (BSV) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.