A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in South Africa
Step 1 – Join Coinbase and get 10$ for free You'll first need to buy units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below for registration and receive your first $10.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has 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 funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate (BSV) Bitcoin SV Once your deposit has been confirmed, you'll now have access to your assets and you can initiate buying and trading. To buy Bitcoin SV (BSV) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”. In order to discover Bitcoin SV (BSV), you will need to put the cointype (BSV) into the search box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this too. Click on “BSV/BTC” to progress.
Step 4 – Purchasing Bitcoin SV (BSV) After you've located (BSV) Bitcoin SV, 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). And now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date price Bitcoin SV (BSV) was traded for. You can change this to your preferred rate. The “Amount” field is the amount of BSV you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of BSV. If you're happy, make a mouse click on “Buy BSV”. Your plan will be filled when a Vendor sells their BSV for the price you offered.
Step 5 – Withdraw Bitcoin SV (BSV) Unless you are frequently trading, never keep your crypto on an Exchange for an extended time frame. In order to take off your Bitcoin SV (BSV), hover over the tab called “Funds” and click on “Withdraw”. (BSV) Bitcoin SV can be stored securely using a Wallet, for example 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 take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.