A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in South Africa
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Bitcoin SV (BSV) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Bitcoin SV (BSV) Once your deposit has been confirmed, you will instantly have access to your finances and you can begin buying and trading. To buy Bitcoin SV (BSV) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To find Bitcoin SV (BSV), you will need to insert the short name of the asset (BSV) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we have highlighted this too. Click on “BSV/BTC” to continue.
Step 4 – Acquisition of (BSV) Bitcoin SV Once you've found Bitcoin SV (BSV), you will be given a Price Chart (in the Center of the image) 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 with the most latest rate Bitcoin SV (BSV) was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of BSV you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of BSV. If you're glad, make a mouse click on “Buy BSV”. Your plan will be filled as soon as a Vender trades their BSV for the price you offered.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an longer period of time. To withdraw your Bitcoin SV (BSV), go to the “Funds” tab and click on “Withdraw”. Bitcoin SV (BSV) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Bitcoin SV (BSV) by using the provided drop-down box. Enter the quantity of (BSV) Bitcoin SV you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.