A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in Uganda
Step 1 – Signup to Kraken You'll first need to buy one of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below for registration and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Bitcoin SV (BSV) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find (BSV) Bitcoin SV Once your deposit has been affirmed, you'll now have access to your assets and you can begin buying and trading. To buy (BSV) Bitcoin SV on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. To discover Bitcoin SV (BSV), you'll need to put the cointype (BSV) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “BSV/BTC” to proceed.
Step 4 – Purchasing Bitcoin SV (BSV) After you've located Bitcoin SV (BSV), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're making our own Limit Order. The “Price” field will be filled with the up-to-date tariff (BSV) Bitcoin SV was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of BSV you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of BSV. When you're glad, make a mouse click on “Buy BSV”. Your plan will be filled as soon as a Vender sells their BSV for the price you offered.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time frame. In order to take off your Bitcoin SV (BSV), hover over the “Funds” tab and click on “Withdraw”. Bitcoin SV (BSV) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (BSV) Bitcoin SV by using the given drop-down box. Enter the quantity of Bitcoin SV (BSV) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you're glad, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.