How to Buy Bitcoin SV (BSV) in Somalia

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get your first $10.

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Bitcoin SV (BSV) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are 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 confirmed, you will immediately have access to your assets and you can begin purchasing and trading. To invest in Bitcoin SV (BSV) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover (BSV) Bitcoin SV, you will need to insert the shortname of the coin (BSV) into the search-box, which is marked in the picture. Be certain of having choosen the right grouping, we have marked this too. Click on “BSV/BTC” to progress.

Step 4 – Purchase (BSV) Bitcoin SV

After you've found (BSV) Bitcoin SV, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are making our Limit Order.

The “Price” field will be filled with the up-to-date tariff (BSV) Bitcoin SV was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of BSV you like to purchase. The “Total” field is the whole price in Bitcoin that you will pay for the complete amount of BSV.

If you are happy, click on “Buy BSV”. Your order will be filled as soon as a Seller trades their BSV for the price you offered.

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you are trading, never keep your coins on an Crypto Exchange for an extensive time frame. To withdraw your Bitcoin SV (BSV), go to the tab called “Funds” and mouse 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. Enter the volumen of Bitcoin SV (BSV) you'd wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address.

If you're glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully bought and stored Bitcoin SV (BSV) in Somalia.

That's it!

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