How to Buy Bitcoin SV (BSV) in Uganda

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome $10.

Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an 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 Cryptocurrency Exchange? (Just follow these easy steps)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Bitcoin SV (BSV)

Once your deposit has been confirmed, you will instantly have access to your finances and you can commence buying and trading. To buy Bitcoin SV (BSV) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

To spot Bitcoin SV (BSV), you will need to insert the cointype (BSV) into the search box, which is highlighted in the image. Be certain of having choosen the right pairing, we have highlighted this too. Click on “BSV/BTC” to progress.

Step 4 – Acquisition of (BSV) Bitcoin SV

As soon as you have spotted Bitcoin SV (BSV), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date valuation (BSV) Bitcoin SV was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of BSV you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of BSV.

When you are happy, click on “Buy BSV”. Your plan will be filled as soon as a Vender sells their BSV for the price you introduced.

Step 5 – Withdraw Bitcoin SV (BSV)

Unless you are trading, best advise is not to keep your crypto on an Crypto Exchange for an extended period of time. 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 securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BSV) Bitcoin SV by using the provided drop-down box. Drop in the quantity of Bitcoin SV (BSV) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.

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

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the Bitcoin SV (BSV) is safe in your wallet, you are all done.