How to Buy Bitcoin SV (BSV) in Svalbard

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

Step 1 – Signup to Kraken

You'll first need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Bitcoin SV (BSV) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

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

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

Step 3 – Locate (BSV) Bitcoin SV

As soon as your deposit has been approved, you'll instantly have access to your funds and you can launch buying and trading. To purchase (BSV) Bitcoin SV on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To find (BSV) Bitcoin SV, you'll need to insert the short name of the asset (BSV) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “BSV/BTC” to proceed.

Step 4 – Purchasing (BSV) Bitcoin SV

As soon as you've located Bitcoin SV (BSV), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order.

The “Price” field will be filled automatically with the recent valuation (BSV) Bitcoin SV was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of BSV you like to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete amount of BSV.

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

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you're frequently trading, never keep your crypto on an Crypto Exchange for an extended time frame. To take off your Bitcoin SV (BSV), hover over the “Funds” tab and click on “Withdraw”. (BSV) Bitcoin SV can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Bitcoin SV (BSV) by using the provided drop-down box. Drop in the quantity of Bitcoin SV (BSV) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

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

Congratulations! You have successfully purchased and stored Bitcoin SV (BSV) in Svalbard.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off using Ethplorer.io or Etherscan.io and the Bitcoin SV (BSV) is stored in your wallet, you are done.