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 you 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.
Cheapest way to buy Bitcoin SV.
Cryptocurrency brokers offer convenience to their clients when buying cryptocurrencies. You can buy Bitcoin SVX from a broker in the easiest way.
To buy Bitcoin SV (BSV) on most cryptocurrency exchanges, you must already have Bitcoin (BTC) or Ethereum (ETH) to trade. The good news is that you can either buy cryptocurrency 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's the easiest to use for new cryptocurrency investors.
First step: set up your Coinbase account.
Although Coinbase has both iOS - (iPhone) and Android apps, I found 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. Please MAKE SURE that 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.
- Then Coinbase will ask you to select whether you are an INDIVIDUAL or a CORPORATION. I'm going to assume you are an individual, so I'm going to skip the whole business account setup. MAKE SURE you use your real name as Coinbase will use this 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, although email confirmation emails are a bit annoying since you are planning to fund your account with real money, this security step is very reassuring.
- You should now be logged in (or 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, making your account even more secure. Basically, Coinbase will send you an SMS for any major change to your account, including purchases.
Don't worry, I've been using Coinbase for a while now and they have NEVER beat me up. You can just use this to add another layer of security to your account.
Now you need to set up your funding sources (ie how you want to buy your Bitcoin or Ethereum). Your options are either using 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 downside is that your weekly purchase limit for a credit card is about $750 when you first open your account.
To learn more about setting 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 of that 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. Granted, you locked your purchase price at the time of purchase, but that means you can't just use your purchase to buy Bitcoin SV (BSV).
Step Two: Make your first Bitcoin (BTC) or Ethereum (ETH) purchase on Coinbase.
Now you should be ready to make your first purchase of Bitcoin or Ethereum, 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 cryptocurrency. All you have to do is head over to your buys pages and choose the currency 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 the value is up to you. What I can tell you is that the majority of exchanges that offer Bitcoin SV (BSV) investments allow you to buy with Bitcoin (BTC).
Decide how much you want to invest. This is a dollar amount. Realize that you don't have to buy a full coin, but invest a portion of a coin. Knowing this will actually help you with your future cryptocurrency investments.
Next, choose your funding source (ie credit card).
And Click to BUY.
When you buy BTC or ETH, you will notice that Coinbase charges a small fee (3.99% for credit card purchases). The nice thing is that they warn you before you buy the total purchase price.
You are now an investor in cryptocurrency.
Step three: use your Bitcoin or Ethereum investment to buy Bitcoin SV (BSV)).
Now it's time to buy Bitcoin SV (BSV) with your investment from Coinbase.
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's really not.
Since each exchange has its own way of setting up a trading account, I'll have to skip this part of this guide, but the majority of exchanges (like First Affiliate) have a similar simple setup process as 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 get scared as this is quite simple.
On the exchange where you want to buy Bitcoin SV (BSV), you will need to get your account's BTC or ETH wallet ID. 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 of your specific currency, you will return to your Coinbase account. Since I don't want to miss any steps in this important process, click here to view Coinbase's official guide on transferring your currency 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 end except wait for it. Depending on the day, this could take 5 minutes or even up to a couple of hours.
The good news is that they will receive a link in your Coinbase account to track the transfer.
Once your transfer is confirmed, it should show up in your exchange's account and can be used immediately to buy Bitcoin SV (BSV).
If you purchased 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 as Coinbase, don't worry. All you need to do is trade into 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 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 drop or wanted to get it at a lower price, then 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 price of BSV comes to that price, your order will be processed. Remember how volatile the market is, there is no guarantee that the price will fall to your limit price.
Regardless of which trading option you choose, the price of buying Bitcoin SV (BSV) 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 something like "0.0025 BTC to USD" and Google will tell you the USD value.