In this article we will show you several ways how you can buy Bitcoin SV quickly and easily. We will also show you how to set up a secure wallet and store your Bitcoin SV there.
You can find the current Bitcoin SV course in our Bitcoin SV price overview. If you want to see more prices of Bitcoin, Ethereum, Ripple or Litecoin, take a closer look at our price overview page . Here you can find the price developments of over 2.000 altcoins.
Bitcoin SV was created as a hard fork by Bitcoin and wants to profit from the prominent name of the original Bitcoin. Meanwhile there are countless more Bitcoin Forks. These include e.g. Bitcoin Gold, Bitcoin Cash or Bitcoin Diamond. Bitcoin SV has established itself in the market and is currently the ninth largest cryptocurrency in the world (in terms of market capitalization as of July 2019).
Before you read our purchase instructions, you must first make an important decision. Depending on your decision, we will present you with the appropriate buying instructions.
One important decision: Where to buy Bitcoin SV?
The central question is: Do you want to keep your Bitcoin SV yourself and have full control over your property? Or are you looking for a simple solution and delegating the responsibility of the administration to a broker such as Litebit or eToro?
Please note the following: The goal of cryptocurrencies such as Bitcoin SV is to develop a financial system that does completely without middlemen like banks. That is why we think it is important to keep your Bitcoin SV yourself. This gives you complete control over your property, as only you have access to your private key. Otherwise, you delegate the responsibility to a exchange, which then stores your Bitcoin SV in your name. You can manage your Bitcoin SV, but in the event of a hack you have no claim to compensation or similar.
That’s why we show you how to easily and quickly create a Bitcoin SV Wallet and store your cryptocurrencies externally. The safest way is to use a hardware wallet, but we will show you different ways to keep your Bitcoin SV safe.
We present purchase instructions for the following exchanges:
Buy Bitcoin SV on KuCoin
The KuCoin exchange is headquartered in Hong Kong and is one of the largest crypto exchanges in the world. The exchange was founded in 2018 and has been growing steadily ever since. The exchange offers a very simple user interface and the purchase of Bitcoin SV is secure and reliable. The safety standards are very high. On KuCoin you can either store your Bitcoin SV on the wallet of the exchange or send it to an external wallet like the Ledger Nano X or the Trezor One.
On KuCoin you can trade Bitcoin SV against the following cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
If you already have Bitcoin, Ethereum or Tether, you can simply transfer them to the wallet of KuCoin and use them to trade for Bitcoin SV. We’ll show you how to deposit Bitcoin on KuCoin and then trade it against Bitcoin SV.
To increase security on your account, you should set up a trading password and enable 2-factor authentication. Click on your profile in the upper right corner and then on “Security Settings”. Now you can activate both functions via the button “Set”. Each time you login, you’ll be asked for a 6-digit code that you can get from the Google Authenticator app. You will also need to enter your password before each trade. This increases the security of your account enormously and in our opinion should definitely be used.
Once you’ve done all this, you can start buying Bitcoin SV.
Buy Bitcoin on Kucoin by credit card
To buy Bitcoin by credit card, click on the tab in the lower left corner, “Buy Crypto with Credit Card”. Afterwards you will get to this site:
Here you choose Bitcoin and the currency you want to pay with (USD or Euro). Then click on “Buy Now”. The next steps are relatively self-explanatory. KuCoin cooperates with the third party Simplex. As a result, it is necessary to verify your identity. To buy Bitcoin and confirm your identity, follow these steps:
- Choose Bitcoin and the Fiat currency you want to pay with.
- Now fill in all required fields.
- Enter your credit card information
- Upload the necessary documents (scan the front and back of your passport)
Before and after the purchase some special features have to be considered:
- The amount indicated in Bitcoin is based on the current Bitcoin rate and is not final, but will be calculated when your payment is received by Simplex. If the rate changes by more than 2.5% up or down, you will be asked again to confirm the transaction by email.
- When the payment is completed, you can check all the transaction details in the payment history.
- The Simplex fee is 3.5% or 10 USD, whichever is higher.
- The daily trading limit per user is USD 20,000 and the monthly limit USD 50,000.
- The minimum amount for a transaction is currently (July 2019) USD 50.
If you have done this successfully, your Bitcoin will appear on your KuCoin Wallet within a few minutes. This can be found under the “Assets” tab and then on “Main Account”. Now you can start trading Bitcoin against Bitcoin SV.
Deposit Bitcoin on KuCoin and trade against Bitcoin SV
If you already own Bitcoin, you can easily and quickly deposit it into the Bitcoin Wallet from KuCoin. Click on the “Assets” tab and then on “Deposit”. In order to deposit Bitcoin and other cryptocurrencies on KuCoin, you must have activated a trading password and 2-factor authentication.
Deposit your Bitcoins on the Deposit Address shown. This process can take from a few minutes to an hour, depending on the load on the Bitcoin block chain. As soon as your Bitcoin has arrived, it will be displayed in your wallet. Now click on “Assets” and then on “Trading Account”. Now enter BCHSV in the search field, marked in red. This is the abbreviation KuCoin uses for Bitcoin SV. Bitcoin SV will then be displayed. Then click on Trade, highlighted in green and select the trading pair BCHSV/BTC.
You will then be taken to a new view. Now you can trade Bitcoin SV against Bitcoin. You have three different options: Limit, Market and Stop Market. Select “Market” and enter how much Bitcoin you want to trade against Bitcoin SV, marked orange.
You are now buying Bitcoin SV at the current market price, which is on average currently traded on the exchange for Bitcoin SV. Then click on “Buy BCHSV”. Normally your Bitcoin SV will be on your wallet within seconds. In the following we would like to briefly explain the differences between “Limit”, “Market” and “Stop Market”.
A “limit” purchase order is an order placed in the order book at a limit price you specify. This means that the trade is only executed when the market price reaches your limit price. If the market price does not reach the price you set, the limit order remains open. You can delete them if you want. A “limit” order should therefore always be used when you are not in a hurry to buy or sell or want to achieve a certain price.
In contrast, a “market” order is executed immediately at the current market price. Accordingly, the “Market” order is particularly suitable for beginners and investors who want to sell or buy quickly.
Buy Bitcoin SV on OKEx
OKEx is another Bitcoin SV broker based in Malta. The exchange was founded in 2017 and is now one of the largest crypto exchanges in the world. The company has more than 800 employees and the number is rising.
We are already more than 2 years regular customer of the exchange. The security standards are very high and the support helps efficiently in English language. We will show you below how to deposit Bitcoin on OKEx and trade it against Bitcoin SV. You can also buy Bitcoin on OKEx by credit card and then trade against Bitcoin SV.
First you have to register on the official website. Click on the following link which will take you directly to the registration page. When registering, after entering your email address, click on “Get code“, marked in red. Okex will immediately send you a mail containing a code. You have to enter this in the field “Email Code”.
Click on the “Account” tab and then on “Deposit”. Now you’re getting a new view. Now select Bitcoin in the “Token” column. Directly below, you will see your Bitcoin reception address, also called “Deposit Address” or “Receive Address”.
Send Bitcoin to this address and trade Bitcoin against Bitcoin SV. If you don’t own a Bitcoin yet, you can buy Bitcoin on Litebit quickly and easily and send it to the wallet of OKEx.
Once your Bitcoins have arrived on the wallet, you can proceed. Now click on “Spot Trading” and then on “Crypto”, both are marked red in the screenshot. Enter BSV in the search field at the top left. Then click on the displayed trading pair BSV/BTC, marked orange. Now you have to enter in the field “Amount”, green marked, how much Bitcoin SV you want to buy.
Afterwards you can see in the field “Total BTC”, marked yellow, how much Bitcoin you trade against Bitcoin SV. Then you have to click on the green button “Buy BSV”. There are also many different order types how you can buy Bitcoin SV. However, many of them are only suitable for professionals, so we will not explain each individual type at this point.
If everything worked successfully, you are now the proud owner of your Bitcoin SV Coins. OKEx also offers trading with a 3-fold leverage. Be aware, however, that this option can also result in greater losses, as you are speculating with three times your actual wealth.
Buy Bitcoin SV on Upbit
Upbit is another exchange where you can buy Bitcoin SV. Upbit is headquartered in South Korea and was founded in 2017. We have been a regular customer of the exchange for 2 years and are very satisfied with the user interface and the service.
The first step is to create an account on the official Upbit site. Click on this link to go directly to the registration page. Enter your email address and password. You must also confirm that you are over 18 years of age and accept the terms and conditions. When you’re done, click Sign Up.
Upbit will then send you a mail containing a confirmation link. Click on it to activate your account. You will now be redirected to the Upbit homepage. Now log in to Upbit with your mail address and your PW.
There is only one trading pair on Upbit, so you have to deposit Bitcoin on your Upbit Wallet and then trade Bitcoin against Bitcoin SV. To deposit Bitcoin to your wallet at Upbit, you must first verify your identity. So take the following steps:
- Click on the tab “Settings” and then on “Security”.
- The next step is to scan the front and back of your passport and upload the PDF file. You will need to provide some personal information about yourself and upload a photo.
Now you can deposit unlimited cryptocurrencies on your wallet and withdraw cryptocurrencies daily up to a value of 5,000 USD. The following table shows the respective verification levels and the corresponding trading limits.
|Verification Level||Deposit Limit||Withdrawal Limit|
|Level 1||0 USD||0 USD|
|Level 2||Unlimited||5.000 USD|
|Level 3||Unlimited||100.000 USD|
|Level 4||Unlimited||100.000 USD|
Most newcomers will be satisfied with level 2, but in the long run it may be advisable to unlock additional levels. After Level 2 has been unlocked, we can now trade Bitcoin against Bitcoin SV. Click on the “Exchange” tab. Now enter the abbreviation BSV (Bitcoin SV) in the search field. Now click on the trading pair BSV/BTC.
Scroll down a bit until you reach this view.
Enter in the column “Amount BSV” how much Bitcoin SV you want to buy. Immediately afterwards, the amount of Bitcoin you have to pay is automatically adjusted. If you have now entered all values, you can click on the “Buy” button. Your purchase order will be executed within seconds.
Now you are the proud owner of Bitcoin SV Coins. If you want to move your Bitcoin SV to an external wallet, just take a closer look at the following Bitcoin SV Wallet guide. We introduce you to a free desktop wallet that can also store Bitcoin, Ethereum and many more Altcoins.
Create a Bitcoin SV Wallet
There are many different Bitcoin SV Wallet providers on the market. These differ in terms of security and user-friendliness. We’ve been using the Bitcoin SV Atomic Wallet for some time now as it offers a very easy to use dashboard and strong security. Besides Bitcoin SV you can manage other cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin and over 200 other Altcoins.
To download the wallet you first have to go to the official website. Click on this link which will take you directly to the landing page where you can download the wallet. The Wallet is available as desktop version as well as for your mobile phone.
We are using a Windows computer, so we clicked on the Windows icon and downloaded the software. Open the setup file and execute the installation. This process should not take longer than 1 minute. If the software is successfully installed, you will be taken to this view. You will be asked if you want to create a new wallet or restore an existing one. Click on “New Wallet” as you want to create a new wallet.
The next step is to set a password. You have to enter and confirm this again. Now your wallet will be installed and you will get to this dashboard of the Atomic Bitcoin SV wallet. So that you can restore your wallet in an emergency, you will now be shown your “backup phrase”, which consists of 12 words. Write this phrase on a piece of paper that you keep in a safe place.
With this seed you can reactivate your account if your laptop or computer breaks down and you need to install the wallet on another PC. When you have successfully written down your backup phrase, click on “Open Wallet”.
The wallet supports more than 300 cryptocurrencies. To find your Bitcoin SV reception address, enter “BSV” in the upper search field. Your Bitcoin SV Receive address will then be displayed. Both are marked red in the screenshot.
You can now copy and paste this address into KuCoin or any other Exchange. Your Bitcoin SV will be sent to this address. You can store Bitcoin SV on your wallet so easily and quickly. If you want to separate Bitcoin SV from your Atomic Wallet and send it to an Exchange, you simply have to enter a destination address and an amount in the same view. You will then need to enter your wallet password to confirm the transaction.
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