How to Buy Bitcoin SV (BSV) in Maldives

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum or 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 will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Bitcoin SV (BSV)

As soon as your deposit has been affirmed, you will immediately have access to your funds and you can start buying 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 marked in the image. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “BSV/BTC” to proceed.

Step 4 – Acquisition of (BSV) Bitcoin SV

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

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

If you are satisfied, make a mouse click on “Buy BSV”. Your plan will be filled as soon as a Vendor trades their BSV for the price you gave.

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your Bitcoin SV (BSV), hover over the tab called “Funds” and click on “Withdraw”. (BSV) Bitcoin SV can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (BSV) Bitcoin SV by using the given drop-down box. Put into the volumen of (BSV) Bitcoin SV you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you're happy, click on “Submit”. You may be asked for phone/email verification before a take off.

Congratulations! You have successfully purchased and stored Bitcoin SV (BSV) in Maldives.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've proved your take off with Etherscan.io or Ethplorer.io and the (BSV) Bitcoin SV is stored within your wallet, you're finished.