A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in West Bank
Step 1 – Signup to Kraken You will first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin 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're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate Bitcoin SV (BSV) As soon as your deposit has been verified, you will immediately have access to your finances and you can launch purchasing and trading. To buy Bitcoin SV (BSV) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to spot (BSV) Bitcoin SV, you'll need to put the cointype (BSV) into the search box, which is marked in the image. Be certain of having choosen the correct grouping, we've marked this also. Click on “BSV/BTC” to proceed.
Step 4 – Buy (BSV) Bitcoin SV As soon as you have found (BSV) Bitcoin SV, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate Bitcoin SV (BSV) was traded for. This can be changed to your favoured rate. The “Amount” field is the amount of BSV you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you will 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 Vendor sells their BSV for the price you submitted.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you're regularly trading, best advise is not to keep crypto coins on an Exchange for an longer time period. In order to withdraw your Bitcoin SV (BSV), go to the “Funds” tab and 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 given drop-down box. Enter the volumen of (BSV) Bitcoin SV you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You may be asked for phone/email verification before a withdrawal.