How to Buy Bitcoin SV (BSV) in Nigeria

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

Step 1 – Signup to Kraken

You will first need to buy units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and getting your first Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Bitcoin SV (BSV) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate (BSV) Bitcoin SV

Once your deposit has been approved, you'll instantly have access to your funds and you can commence invest and trading. To purchase (BSV) Bitcoin SV on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

To find Bitcoin SV (BSV), you will need to put the shortname of the coin (BSV) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we have marked this also. Click on “BSV/BTC” to progress.

Step 4 – Acquisition of Bitcoin SV (BSV)

Once you've discovered Bitcoin SV (BSV), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our own Limit Order.

The “Price” field will be filled automatically with the recent price Bitcoin SV (BSV) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of BSV you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete quantity of BSV.

If you're happy, make a mouse click on “Buy BSV”. Your order will be filled when a Vendor sells their BSV for the price you offered.

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your Bitcoin SV (BSV), go to the tab called “Funds” and mouse click on “Withdraw”. (BSV) Bitcoin SV can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitcoin SV (BSV) by using the given drop-down box. Drop in the volumen of Bitcoin SV (BSV) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you're glad, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Congratulations! You have successfully bought and stored Bitcoin SV (BSV) in Nigeria.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (BSV) Bitcoin SV is safe in your wallet, you are done.