A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in Papua New Guinea
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need 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 Exchange? (Just follow this manual) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).
Step 3 – Find Bitcoin SV (BSV) Once your deposit has been verified, you'll now have access to your assets and you can commence purchasing and trading. To purchase (BSV) Bitcoin SV on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”. To find Bitcoin SV (BSV), you'll need to put the cointype (BSV) into the search box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “BSV/BTC” to continue.
Step 4 – Buying (BSV) Bitcoin SV As soon as you have discovered Bitcoin SV (BSV), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're creating our own Limit Order. The “Price” field will be filled automatically with the most up-to-date price (BSV) Bitcoin SV was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of BSV you wish to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the whole volumen of BSV. When you are glad, make a mouse 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 are frequently trading, never keep your crypto on an Crypto Trader for an extended time frame. In order to withdraw your Bitcoin SV (BSV), hover over the “Funds” tab and click on “Withdraw”. Bitcoin SV (BSV) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BSV) Bitcoin SV by using the given drop-down box. Drop in the amount of Bitcoin SV (BSV) you would like to take off. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.