How to Buy Bitcoin SV (BSV) in 2021 [Step-by-Step Buyer’s Guide]

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on pinterest
Share on Pinterest
Share on telegram
Share on Telegram

I dare say that the future of blockchains will either live or die – albeit in a very hyperbolic sense – based on its adoption from a particular subset of human civilization – the big enterprises. They are, after all, the providers and guarantors for a large part of humankind's wealth. One particular blockchain that is trying to dip its toes into this pool is Bitcoin SV. Knowing that, you might be curious in wanting to know more about how to buy Bitcoin SV and its native BSV tokens.

How To Buy Bitcoin SV

Surely, that name will ring a few bells, likely for its ‘Bitcoin' moniker. Bitcoin SV started as a fork of Bitcoin Cash, which itself was a fork of good ol' Bitcoin.

No doubt, the mysteriousness of the shadowy figure that is Satoshi Nakamoto has left many people puzzling as to his real visions for creating Bitcoin in the first place. It's that vision, which is keeping Bitcoin SV pushing forward to its goal of providing an enterprise-grade blockchain.

Even the name itself stands for ‘Bitcoin Satoshi Vision,' underlying the core values that Bitcoin SV stands on. They believe in the creation of a versatile, modular, scalable, and highly powerful blockchain that can be easily adapted at large by businesses, institutions, and enterprises alike.

Bitcoin SV wants to be the workhorse of the decentralized global community. So, if you're keen to learn more about its BSV cryptocurrency, then read on our how to buy Bitcoin SV guide.

QUICK GUIDE: How to Buy Bitcoin SV (BSV)

1. Go to HitBTC's website, and then click on “Sign Up” to register for a new account.
2. Complete the signing-up process as prompted, including email authentication, and then set-up 2-factor authentication (2FA) for added security. Optionally, you can have your account verified for access to more services.
3. Click on ‘Deposit,' and then choose to make a purchase of cryptocurrencies using fiat (and to later swap into BSV), or to deposit cryptocurrency straight into your new HitBTC wallet.
4. If you'd like to purchase cryptocurrencies with fiat, then click on ‘Deposit,' and then click on the ‘Buy Bitcoin With Credit Card' banner to purchase BTC.
5. If you'd like to deposit with cryptocurrencies, then click on ‘Deposit,' find the cryptocurrency that you wish to deposit within the wallet page, and then click on the ‘+' (plus) symbol under the ‘Deposit' column of the table.
6. Once you have cryptocurrencies in your HitBTC wallet, click on ‘Exchange' to launch the trading interface and search for “BSV” under the ‘Instruments' window. Then, choose which trading pair you'd like to buy BSV with, and put in your preferred buying price and amount. Alternatively, buy BSV using market limits and letting HitBTC choose a price for you.

Where to Buy Bitcoin SV (BSV) – Top 5 Exchanges

As of writing this how to buy Bitcoin SV guide, its native BSV cryptocurrencies are among the most valuable tokens on the markets today. With a CoinMarketCap ranking of #21 based on Bitcoin SV's market capitalization, BSV is certainly no small fish.

It also remains to be a highly popular cryptocurrency for many people for its utility or its investment value. However, it's also surprisingly difficult to find BSV on some of the more mainstream cryptocurrency exchanges.

For instance, popular and well-regarded marketplaces such as Binance, Kraken, Coinbase, and more do not have support Bitcoin SV or its BSV cryptocurrencies.

You can use sites such as CoinMarketCap or CoinGecko to find a more comprehensive list of all supported marketplaces. Nonetheless, there are thankfully still some excellent options for other cryptocurrency exchanges that are listing Bitcoin SV's BSV tokens, where you can buy them easily.

Naturally, each exchange will have its respective benefits and drawbacks in relation to another cryptocurrency marketplace. Some of these benefits might make buying Bitcoin SV easier than others.

Meanwhile, some exchanges might be more pleasant to use or offers more features. More choice is always a good thing. To make things easier for our how to buy Bitcoin SV guide here, we've listed the top-5 exchanges that we most recommend that are listing BSV tokens.

NameDeposit MethodBuy
HitBTC

  • Wire Transfer
  • Cryptocurrency
  • Credit Card
Rating: 5

Huobi
How To Buy Bitcoin SV Blockchain BSV Cryptocurrency Exchange - Huobi
  • Crypto
  • Wire Transfer
  • Credit Card
Rating: 5

OKEx

  • Credit Card
  • PayPal
  • TransferWise
  • Crypto
Rating: 5

KuCoin

  • Crypto
  • Credit Card
  • Wire Transfer
Rating: 5

Bitfinex

  • Crypto
  • Credit Card
  • Wire Transfer
Rating: 5

A Step-By-Step Guide on How to Buy Bitcoin SV

Next up in our how to buy Bitcoin SV guide, we'll be discussing more on the process of making your purchase on those aforementioned cryptocurrency marketplaces. This will generally cover everything from setting up your account, depositing funds, and then making the swap into Bitcoin SV's BSV tokens. For this how to buy Bitcoin SV overview, we'll be using HitBTC as our demonstration tool.

Of course, each cryptocurrency exchange will have its own steps, with unique functionalities and quirks to deviate from our examples below. And based on our top-5 exchanges list above, all of the marketplaces listed there are fairly great options for wanting to buy Bitcoin SV or any other cryptocurrency. We'll be going over step-by-step on how to buy Bitcoin SV on HitBTC, and we hope this will give you an idea of how it goes, no matter which exchange you use.

Step 1 & 2 – Create an Account on HitBTC

Firstly, we'll, of course, be needing to register for an account on HitBTC. But before we start interacting with anything on HitBTC's website, be sure that you've visited the correct page, as there are many malicious and suspicious sites that try to emulate legitimate ones to prey on online users. Sites like these can siphon away personal information and private data or download and install all sorts of viruses or malware into your computer.

The simplest way to check if you're on the real HitBTC webpage or a forged one is to check the URL and see if there are any spelling errors. If the URL says “hitbt.com,” “hiibtc.com,” or anything of the sort – no matter how subtle – then this is not the real HitBTC website. We've made it easier with the links provided above. Now, head over to the HitBTC webpage, and click the big red button along the upper right that mentions, ‘Sign Up.'

Click this, and then follow along the on-screen prompts to proceed and open an account on HitBTC. This is simple, and we highly recommend that you use a complex password. One other important detail to note before we continue our how to buy Bitcoin SV guide is that HitBTC – just like all other cryptocurrency exchanges – is free to open an account. This is unlike a regular bank account, which requires a small deposit beforehand.

How to buy Bitcoin SV

Once you've finished the initial set-up phase, HitBTC will then send over an authentication link to your email address. This is normal, as with any other online service, to verify that you're authorizing the creation of an account under that email address. Find that email in your inbox, click on the provided authentication link, and this should then send you to HitBTC to finalize the creation of your account.

Before we jump into anything else, we also recommend that you consider turning on 2-factor authentication (2FA) for your HitBTC account. This is accessed from the gear icon along the upper right after logging in, under your account settings. This is made optional, but it will aid in increasing the security of your account. You can then use an authenticator app, such as Google's Authenticator, to manage 2FA codes with HitBTC.

Now, you'll be asked to verify using 2FA for actions such as logging into your account or withdrawing funds from HitBTC. This ensures that only you can authorize those actions. One other optional step would be to get your account verified by sending over personal details and documentation to HitBTC. This is only needed if you're planning to trade with large volumes, which is not needed for our how to buy Bitcoin SV guide.

Step 3 – Choose a Preferred Deposit Option Into your HitBTC Wallet

The follow-up in our how to buy Bitcoin SV guide will be depositing some funds in your HitBTC wallet before we can start buying up BSV tokens. This can be done in two ways. The first option would be to use your credit card – either VISA or Mastercard – to then buy a select number of cryptocurrencies on HitBTC. We can then exchange those cryptocurrency tokens into Bitcoin SV's BSV on HitBTC's trading platform.

This is our recommended step in the event that you don't have cryptocurrencies lying around. The other option would be to make a direct deposit of cryptocurrencies into your HitBTC wallet. We can then swap those cryptocurrencies for Bitcoin SV's BSV tokens. This latter option is easier, as it allows you to avoid having to pay processing fees for buying cryptocurrencies with a credit card. For our how to buy Bitcoin SV guide, we'll be using both scenarios.

Step 4 – Buy Cryptocurrencies Using a Credit Card

This is the first option for depositing funds into your HitBTC wallet – by first buying up some cryptocurrencies using a credit card. As of the time of writing this how to buy Bitcoin SV guide, we can only use credit cards to make a purchase of cryptocurrencies, as HitBTC does not yet support a direct fiat currency deposit, such as a bank transfer or PayPal. So, let us pay attention to the upper navigational banner on the HitBTC webpage.

You'll notice the ‘Deposit' tab along the upper right, with the green text and a small ‘+' (plus) symbol. Click this tab, and it should direct you to your HitBTC wallet. Or, you can also click on the ‘Account' tab on the upper left, and this will take you to the same page. Within the wallet overview page, you can see a big banner up on the upper section mentioning, ‘Buy Bitcoin With Credit Card.' Click that, and it will send you over to another page.

This time, it will show you a “check-out” type page, allowing you to choose which fiat currency you prefer to use with your credit card purchase, the type of cryptocurrency, the number of cryptocurrencies you'd want to buy, and which payments provider you'd like to pick. Currently, the payment providers are Moonpay and Banxa, supporting both VISA and Mastercard credit cards. ApplePay is also supported as a much easier option for those within the Apple ecosystem.

Note, however, that at the time of writing this how to buy Bitcoin SV guide, the options for buying cryptocurrencies using a credit card on HitBTC are limited only to just Bitcoin (BTC) and Ethereum (ETH). It's worth considering as well that Bitcoin SV trading is not paired with Ethereum, so it's worth picking Bitcoin to avoid needing any more exchanging. Next, skip to Step 6, and see how we can exchange those new Bitcoin (BTC) purchases into Bitcoin SV's BSV.

Step 5 – Deposit Cryptocurrencies Into your HitBTC Wallet

This next step in our how to buy Bitcoin SV guide is the second deposit method, where you can fund your HitBTC wallet directly with cryptocurrencies. This is a much easier option. Now, before we proceed any further, please take note that Bitcoin SV trading pairs on HitBTC are limited only to just Bitcoin (BTC) and USD Tether (USDT). So, to make things simpler, consider depositing only Bitcoin or Tether into HitBTC to avoid needing any more swapping.

Next, let us click once more on that green ‘Deposit' sign along the upper right of the HitBTC website (or the ‘Account' tab on the upper left), and it will take us back to your wallet. Now, go through the list of cryptocurrencies, or use the search bar on the top of the table, to find the cryptocurrency that you're planning to deposit with. Once again, in our how to buy Bitcoin SV overview, deposit only Bitcoin or Tether to make things easier.

Let's say we take a Bitcoin deposit as one example. Find Bitcoin – or its ticker symbol, ‘BTC' – and then click on the ‘+' symbol under the ‘Deposit' column of the table within the wallet page. Now, you'll be shown a QR code and a complex address. Be sure you double-check to ensure that you've selected the right cryptocurrency. In order for you to receive Bitcoin deposits into your HitBTC wallet, you will also have to withdraw Bitcoin from another wallet elsewhere.

For example, if you make a withdrawal of Ethereum (ETH) and deposit that into a Bitcoin address, your Ethereum might be lost and cannot be retrieved. Now, copy over the Bitcoin deposit address you see on HitBTC, and then paste it into the withdrawal page at wherever you're withdrawing Bitcoin from. Cryptocurrency addresses are often long and comprise a complex mixture of numbers, symbols, and letters.

Double-check this address, and make sure that not a single character is missing, as that could risk you failing the transfer or sending your cryptocurrency deposit to someone else by mistake. To make this easier, you could scan the QR code shown on HitBTC. For example, if you're withdrawing Bitcoin from a mobile wallet app on your phone, scan the QR code you see on the HitBTC wallet page, and that should automatically input the right address.

Next, deposit your Bitcoin based on the amount you want, and wait for the deposit to be confirmed. We can now trade those Bitcoins for Bitcoin SV's BSV tokens in the following step. Note that some other cryptocurrencies might require additional details for the deposit process on HitBTC. This could be extra tagging or IDs to more properly identify the transfer. The same due process applies here as well – copy over the corresponding data and double-check.

Step 6 – Exchange Cryptocurrencies into Bitcoin SV (BSV)

If you've made it this far, then you should have some assets in your HitBTC wallet to trade with, either by depositing cryptocurrencies from another account elsewhere or if you've made a purchase of tokens using a credit card. This final step in our how to buy Bitcoin SV guide would be to exchange those cryptocurrencies into Bitcoin SV's BSV tokens. Along with the navigational tab on the HitBTC website, find and click on ‘Exchange,' which is placed on the upper left.

This will send you to the main trading section of HitBTC for buying, selling, and exchanging cryptocurrencies. The interface itself is divided into separate “panels” or “windows” for easier reading. Under the ‘Instruments' window, use the search bar and type in ‘BSV.' This will find you all the available trading pairs for Bitcoin SV's BSV tokens on HitBTC. Also, make sure to click around the tabs underneath the search bar to filter the exact trading pair-matched to BSV.

As we've mentioned earlier in our how to buy Bitcoin SV guide, there are only two trading pairs made available for Bitcoin SV tokens right now – BSV/BTC and BSV/USDT. If you hadn't deposited Bitcoin or Tether into your HitBTC exchange wallet, then you'll need to exchange whatever cryptocurrency you have in your wallet into either BTC or USDT. Now, let us move onto the ‘Buy BSV' panel next to the ‘Instruments' window.

As an example, let's say you want to buy Bitcoin SV tokens using Bitcoin. You can choose to buy BSV tokens on HitBTC either by ‘Market,' ‘Limit,' or ‘Scaled' trading. For now, we'll pay attention to the former two options. ‘Market' trading will automatically and instantly buy BSV based on the available market prices, as per the order books at the time of trading. This will require just one input from you, and that is the amount of Bitcoin you want to exchange for Bitcoin SV.

This is easy and hassle-free compared to ‘Limit' trading. However, it also doesn't give you much control, and how much BSV you get will be up to the market and how HitBTC will fill it. For more control, click on the ‘Limit' tab, where you can have more options to match the market prices and the order books. You can input your preferred buying price and let that order sit on HitBTC's exchange until the order book has someone selling BSV at the corresponding price.

Best Wallets To Hold Bitcoin SV

Congratulations, as by now, you've (hopefully) gotten your hands on some Bitcoin SV BSV cryptocurrency tokens. We hope our step-by-step guide above on how to buy Bitcoin SV has been of some assistance and has given you a better idea on how to buy any cryptocurrency on an exchange, regardless of whichever marketplace you're using. Next up, we can move into discussing more on how you can safely and securely store your newly-bought BSV tokens.

We have learned so far that storing your cryptocurrencies and other digital assets openly within an exchange account is not the safest way to keep your tokens safe. This is despite the best attempts and proactive measures taken by cryptocurrency exchanges to ensure the best form of security possible against cybertheft and hacking campaigns. Billions of dollars are lost every year from crypto theft and can be avoided simply by using a dedicated cryptocurrency wallet.

There are usually two types of cryptocurrency wallets that are most commonly used, and they are software-based ‘hot' wallets or hardware-based ‘cold' wallets. Each type of wallet has its own respective sets of pros and cons, and there's certainly no shortage of options to choose from either way. Add to that, most wallets these days are more than just mere storage for your digital assets, as they can also offer additional services to make the experience more worthwhile.

Some wallets can let you buy cryptocurrencies easily, while others have their own exchange. You might even be able to find Bitcoin SV's BSV tokens for sale here! Some wallets would also let you stake cryptocurrencies to earn passive rewards. For our how to buy Bitcoin SV guide, we've listed some of the very best wallet applications out there that are best at keeping your Bitcoin SV safe and sound.

NameTypeGet
Guarda Wallet

  • Desktop Client
  • Mobile 
Rating: 5

Ledger

  • Hardware Wallet
Rating: 5

Trust Wallet

  • Software Wallet
  • Mobile Application
Rating: 5

Exodus
How To Buy Bitcoin SV Blockchain BSV Cryptocurrency Wallet - Exodus
  • Desktop Client
  • Mobile Application
  • Hardware Wallet
Rating: 5

Atomic Wallet
How To Buy Bitcoin SV Blockchain BSV Cryptocurrency Wallet - Atomic
  • Desktop Client
  • Mobile Application
Rating: 5

More Information About Bitcoin SV

Bitcoin SV, or ‘Bitcoin Satoshi Vision,' aims to remodel Bitcoin based on the original vision set out by Satoshi Nakamoto's original whitepaper in turning Bitcoin into a widely accepted payment medium. Bitcoin SV was created from a fork of Bitcoin Cash, which was itself a fork of Bitcoin. Similar to Bitcoin Cash, Bitcoin SV's blockchain is pivoting towards the creation of a more usable day-to-day currency, compared to Bitcoin's more speculative nature.

Bitcoin Cash had similar ambitions as well, by forking from the main Bitcoin blockchain and making modifications to make it more scalable for being used as a medium of exchange. However, Bitcoin SV was more radical, in later increasing the block size to 128MB and later to 512MB to facilitate more efficient transactions and processing. Another fork was made from Bitcoin SV in 2018, later called Bitcoin ABC.

Bitcoin SV follows along with Bitcoin's UTXO (unspent transaction output) ledger model and uses the same Proof-of-Work (PoW) consensus algorithm to manage on-chain governance. This includes the creation of blocks and the processing and validation of transactions within the blockchain. Bitcoin SV's main target is the enterprise market, with a blockchain that is optimized for the integration of smart contracts, microtransactions, and merchant-like services.

This then allows for enterprises to easily adopt Bitcoin SV's blockchain solutions or for merchants to accept BSV tokens as a medium for payments. Bitcoin SV is more scalable than some other competing blockchains, having been able to record a processing speed of more than 9,200 transactions-per-second (TPS) in early 2021. Even more impressively, Bitcoin SV had also recently been caught verifying more than 16.4 million transactions in just one single block.

Bitcoin SV's BSV tokens have seen rather a volatile trading lately. At the time of writing this how to buy Bitcoin SV guide, one BSV token is worth $195.78, which marks a handsome 431.05% gain from its all-time lows in 2018. Bitcoin SV has a total token supply cap of 21,000,000 BSV – just like Bitcoin – where 18,661,502 BSV is currently in circulation. This puts a market capitalization value of $3,653,482,590 for Bitcoin SV, making BSV the 23rd-most valuable cryptocurrency on the market.

How To Buy Bitcoin SV – Conclusion

Now, we can end our how to buy Bitcoin SV guide, and we hope you've learned a thing or two about Bitcoin SV, how to buy it, and whether it's worthy of an investment. No doubt, Bitcoin SV's birth, and continued growth are continually marred with controversies and drama. But regardless, there's no doubt that a lot of promise and hope is being put on BSV's shoulders, as its underlying solutions may pave the way to solving some of the key flaws with blockchains today.

One such flaw is scalability, as blockchains are continually seeing massive network congestion and slow processing times due to a lack of computational scale. As we've learned earlier, we can see that Bitcoin SV could potentially leapfrog many of the major blockchains today by creating a decentralized ecosystem that can compute large numbers of transactions at a time. In a world where blockchains are steadily making their way mainstream, Bitcoin SV is sorely needed.

Related Posts

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest
About Author

Leave a comment

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments