Where can I buy Bitcoin SV online?
There are many platforms that sell Bitcoin SV. You will find dozens of brokers selling Bitcoin SV once you search the internet. To protect yourself from scammers, we ask you to be careful when choosing a website to buy your cryptocurrency. You can buy BSV using almost all popular payment methods, such as credit card, MyBank, SOFORT, iDEAL and Bancontact.
Cryptocurrency brokers offer convenience to their customers when buying cryptocurrencies. You can buy Bitcoin SVX from a broker in the easiest way.
To Buy Bitcoin SV (BSV) from most cryptocurrency exchanges, you must already have Bitcoin (BTC) or Ethereum (ETH) to trade. The good news is that you can buy cryptocurrencies on Coinbase using your credit card or even your bank account.
NB: there are other places to buy BTC and ETH Online, but I'm going to focus this guide with Coinbase, as it is the easiest to use for new cryptocurrency investors.
First step: set up your Coinbase account.
Although Coinbase has iOS (iPhone) and Android apps, I found that the easiest way to set up your exchange account with them is by using their website.
Next, enter your email address in the get started box. Make sure the email address you enter is one that you have access to and is your most secure email, as this is how you always log into your Coinbase account.
Coinbase will then ask you to select whether you are an individual or a corporation. I'm going to assume you're an individual, so I'm going to skip all the business account setup. Be sure to use your real name as Coinbase will use it for account verification.
Next, Coinbase should send you an email to verify your email address. Open the email and click on the link. I have to say, while the confirmation emails are a bit annoying, since you plan to fund your account with real money, this security step is very reassuring.
You must now log in (or be able to log in) to your Coinbase account. Since you are using your hard-earned money to fund your Coinbase account, you will need to complete a few more verification steps. The first is to verify a cell phone number.
Coinbase uses your cell phone number to set up two-factor authentication (2FA) on your account, which makes your account even more secure. Basically, Coinbase will send you an SMS for any major changes to your account, including purchases.
Don't worry, I've been using Coinbase for a while and NEVER got assaulted. You can just use this to add another layer of security to your account.
Now you need to set up your funding sources (i.e. how you want to buy your Bitcoin or Ethereum). Your options are to use your bank account or credit card. Since you are reading this guide now and plan to use your BTC OR ETH to Buy Bitcoin SV (BSV), I would suggest using the credit card funding option.
When you buy with a credit card, You can buy instantly and have immediate access to trade your coins. The only drawback is that your weekly purchase limit for a credit card is approximately 7 750 when you first open your account.
For more information on how to set up a credit card to fund your Coinbase account, click here. I don't need to walk you through that part, as Coinbase does a great job on their website.
If you choose to fund your account through your bank account, your purchased cryptocurrency will not be available for trading for 4 to 5 business days. Of course, you locked in your purchase price at the time of purchase, but that means you can't use your purchase to Buy Bitcoin SV (BSV).
Step Two: Make your first Bitcoin (BTC) or Ethereum (ETH) purchase on Coinbase.
You should now be ready to make your first Bitcoin or Ethereum purchase, which you will then use to Buy Bitcoin SV (BSV).
As I mentioned at the beginning of this guide, Coinbase makes it very easy to invest in cryptocurrencies. All you have to do is head to their shopping pages and choose the coin you want to buy.
Since I am not a licensed professional and the cryptocurrency market is so volatile, the decision between Which one to invest in based on value is up to you. What I can tell you is that most exchanges that offer Bitcoin SV Investments (BSV) allow you to buy with Bitcoin (BTC).
Decide how much you want to invest. This is a dollar amount. Keep in mind that you don't have to buy an entire coin, but invest a portion of a coin. Knowing this will really help you with your future cryptocurrency investments.
Then choose your funding source (i.e. credit card).
And click to buy.
When you buy BTC OR ETH, you'll notice that Coinbase charges a small fee (3.99% for credit card purchases). The good thing is that they warn you before you buy the total purchase price.
You are now a cryptocurrency investor.
Step three: use your Bitcoin or Ethereum investment to Buy Bitcoin SV (BSV)).
Now it's time to Buy Bitcoin SV (BSV) with your Coinbase investment.
Since Coinbase only allows you to buy Bitcoin, Bitcoin Cash, Ethereum and Litecoin, you will need to transfer your BTC or ETH investment to another cryptocurrency exchange. I know this sounds painful, but it really isn't.
Since each exchange has its own way of setting up a trading account, I'll have to skip this part of this guide, but most exchanges (like First Affiliate) have a simple setup process similar to Coinbase. Since your funding will be with the Bitcoin or Ethereum you have already purchased, the setup should take less time.
Once you have set up your trading account on one of the exchanges where Bitcoin SV (BSV) is traded, you will need to transfer your BTC or ETH from Coinbase to that particular exchange. This is done through a wallet system.
Don't panic as this is quite simple.
On the exchange where you want to buy Bitcoin SV (BSV), you will need to get the BTC OR ETH wallet ID of your account. On most exchanges, you will see a deposit button next to BTC OR ETH. When you click on it, you should see your wallet ID (or get a Create button). This wallet ID is specific to your account.
Get the wallet ID for the correct currency you purchased as Coinbase. Bitcoins can only go into Bitcoin wallets, Ethereum can only go into Ethereum wallets.
Once you have the wallet ID for your specific coin, you will be returned to your Coinbase account. Since I don't want to miss any steps in this important process, click here for Coinbase's official guide on transferring your coin to another wallet.
Now you're playing a short waiting game as your transfer has to go through the cryptocurrency ecosystem and be confirmed several times. There is nothing to do on your part except wait. Depending on the day, this could take 5 minutes or even up to a couple of hours.
The good news is that you will receive a link in your Coinbase account to track the transfer.
Once your transfer is confirmed, it should show up in your exchange account and can be used immediately to Buy Bitcoin SV (BSV).
If you bought Ethereum (ETH) on Coinbase, you'll want to search for BSV/ETH investment.
For Bitcoin, search for BSV / BTC.
If Bitcoin SV (BSV) doesn't have an investment option with the currency you bought like Coinbase, don't worry. All you need to do is trade in the currency in question.
Let me reiterate, I am not a licensed professional, so I cannot give you investment advice on how to handle the next step.
Once you are ready to Buy Bitcoin SV (BSV), you will most likely have a few options.
The first is to buy at the market price. This is the current price at which Bitcoin SV (BSV) is trading. There is nothing wrong with buying at this price, but if you think the price will go down or you want to get it at a lower price, look at the limit price.
Limit price bascially says that you want to buy a certain amount of Bitcoin SV (BSV) at a certain price. When the BSV price reaches that price, your order will be processed. Remember how volatile the market is, there is no guarantee that the price will drop to your limit price.
Regardless of which trading option you choose, the Bitcoin SV (BSV) purchase price is based on the currency you are trading (BTC or ETH). Some exchanges do not convert this to your local currency, so you can always use Google and type in something like "0.0025 BTC to USD" and Google will tell you the value in USD.