How to Buy Bitcoin SV (BSV) in Mongolia

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

Step 1 – Signup to Kraken

You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Bitcoin SV (BSV) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you've chosen the right coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find Bitcoin SV (BSV)

As soon as your deposit has been approved, you will directly have access to your finances and you can initiate purchasing and trading. To buy Bitcoin SV (BSV) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”.

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

Step 4 – Purchasing (BSV) Bitcoin SV

As soon as you've located (BSV) Bitcoin SV, you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to create our own Limit Order.

The “Price” field will be automatically filled with the up-to-date price (BSV) Bitcoin SV was traded for. You can change this to your desired price. The “Amount” field is the volumen of BSV you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of BSV.

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

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an extended time period. In order to withdraw your Bitcoin SV (BSV), go to the “Funds” tab and mouse click on “Withdraw”. Bitcoin SV (BSV) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitcoin SV (BSV) by using the given drop-down box. Enter the volumen of Bitcoin SV (BSV) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

When you are happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and stored Bitcoin SV (BSV) in Mongolia.

That's it!

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