How to Buy Bitcoin SV (BSV) in Namibia

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

Step 1 – Join Kraken

You'll first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Bitcoin SV (BSV) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you've chosen the correct coin you wish to deposit.

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

Step 3 – Locate Bitcoin SV (BSV)

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

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 graphic. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “BSV/BTC” to continue.

Step 4 – Buy (BSV) Bitcoin SV

Once you've located (BSV) Bitcoin SV, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our Limit Order.

The “Price” field will be filled with the most recent rate (BSV) Bitcoin SV was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of BSV you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of BSV.

If you are happy, click on “Buy BSV”. Your order will be filled when a Vendor trades their BSV for the price you introduced.

Step 5 – Withdraw (BSV) Bitcoin SV

Unless you are trading, you should never keepyour crypto on an Exchange for an extended time period. To withdraw your (BSV) Bitcoin SV, hover over the tab called “Funds” and click on “Withdraw”. (BSV) Bitcoin SV can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BSV) Bitcoin SV by using the provided drop-down box. Put into the amount of Bitcoin SV (BSV) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

When you are happy, click “Submit”. You could be asked for verfication via email/phone before a take off.

Congrats! You have successfully purchased and safed (BSV) Bitcoin SV in Namibia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Bitcoin SV (BSV) is safe within your wallet, you're finished.