How to Buy Bitcoin SV (BSV) in Australia

A Step-by-Step-Guide on how to buy Bitcoin SV (BSV) in Australia

Step 1 – Join Coinmama

In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and to get your Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Bitcoin SV (BSV) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate {Bitcoin SV (BSV)|(BSV) Bitcoin SV}

Once your deposit has been approved, you'll now have access to your assets and you can start purchasing and trading. To buy {Bitcoin SV (BSV)|(BSV) Bitcoin SV} on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to find {Bitcoin SV (BSV)|(BSV) Bitcoin SV}, you'll need to insert the short name of the asset (BSV) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've marked this too. Click on “BSV/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Bitcoin SV (BSV)
Step 4 – Purchasing {Bitcoin SV (BSV)|(BSV) Bitcoin SV}

After you have found {Bitcoin SV (BSV)|(BSV) Bitcoin SV}, you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to make our Limit Order.

The ”Price” field will be filled automatically with the recent price {Bitcoin SV (BSV)|(BSV) Bitcoin SV} was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of BSV you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of BSV.

If you are happy, click on “Buy BSV”. Your plan will be filled when a Vender trades their BSV for the price you offered.

Step 5 – Withdraw {Bitcoin SV (BSV)|(BSV) Bitcoin SV}

Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. To withdraw your {Bitcoin SV (BSV)|(BSV) Bitcoin SV}, go to the tab called “Funds” and click on “Withdraw”. {Bitcoin SV (BSV)|(BSV) Bitcoin SV} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Bitcoin SV (BSV)|(BSV) Bitcoin SV} by using the provided drop-down box. Put into the amount of {Bitcoin SV (BSV)|(BSV) Bitcoin SV} you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you're glad, click on “Submit”. You may be requested for phone/email verification before a withdrawal.

Kudos! You have successfully bought and stored Bitcoin SV (BSV) in Australia.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the {Bitcoin SV (BSV)|(BSV) Bitcoin SV} is safe inside your wallet, you're done.

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