Buy Bitcoin SV: A Comprehensive Guide on How to Buy BSV

Bitcoin SV, a powerful cryptocurrency that emerged as a Bitcoin fork, has experienced significant growth since its inception. Its emphasis on scalability, security, and low transaction fees makes it an appealing option for investors. In this guide, we’ll show you simple, fast, and secure ways to buy and store Bitcoin SV. To keep it straightforward, we believe Coinbase is the best platform to buy Bitcoin SV. Why Coinbase?

Coinbase is trusted by BlackRock and has a Deposit protection.
Coinbase has super low fees and is almost an industry leader in this category.
Coinbase has the best customer support in the industry according to our tests.

The following table explains why Coinbase is the best choice for buying Bitcoin SV.

Exchange
Rating
Fees	0,15%	0,10%	0,99%	1,5%	1%	1%
Cost per $1,000	$1,50	$1	$9,90	$14,90	$10,00	$10,00
Cost per $100,000	$150	$100	$990	$1,500	$1,000	$1,000
Transfer to external wallet
Security
Details	Trusted by BlackRock	Super low fees	Big portfolio	Secure but expansive	Fast verification	Variety of Memecoins
Link

Buy Bitcoin SV on Coinbase

Coinbase is a regulated crypto custodian with licenses worldwide, ensuring it adheres to stringent security standards and is monitored by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase for Bitcoin SV custody in its Bitcoin ETFs. This demonstrates the exceptionally high level of security Coinbase offers.

Although you have the option to use external wallets, Coinbase provides a highly secure environment for storing Bitcoin SV. Unlike other platforms that impose withdrawal delays, Coinbase processes them immediately, granting you quick access to your funds.

Cost-effectiveness is another perk. Coinbase’s fees are highly competitive at 0.15%, significantly lower than the industry average. For comparison, Bison, a provider affiliated with the German stock exchange, charges a steep 1.5% for Bitcoin SV transactions.

Coinbase prioritizes user security with features like two-factor authentication, adding an extra layer of protection to your account. Additionally, customer support is available, typically responding within 24 hours. (We can personally attest to the efficiency and helpfulness of their support team.)

The platform itself is designed to be user-friendly. Its intuitive interface caters to both beginners and experienced traders. Plus, with dedicated apps for Android and iOS, you can manage your Bitcoin SV portfolio and execute trades conveniently, from anywhere.

Coinbase is one of the most popular and user-friendly platforms to buy Bitcoin SV (BSV). Here’s how you can buy Bitcoin SV easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

Before you can start buying Bitcoin SV, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” You will be prompted to enter your name, email, and a password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Coinbase requires you to verify your identity to comply with regulatory requirements. You’ll need to upload a government-issued ID and provide personal details such as your address and date of birth. This process should only take a few minutes.

Step 3: Add a Payment Method

To buy Bitcoin SV, you need to link a payment method. Coinbase supports several options, including:

Bank Account: Link your bank account for lower fees and higher transaction limits.
Credit or Debit Card: Ideal for faster purchases, though fees may be slightly higher than bank transfers.
PayPal: Coinbase also supports PayPal for deposits and withdrawals in certain countries.

Step 4: Buy Bitcoin SV

Once your account is set up and your payment method is linked, you’re ready to buy Bitcoin SV!

On the Coinbase dashboard, navigate to the “Buy/Sell” section.
Select Bitcoin SV (BSV) from the list of available cryptocurrencies.
Enter the amount of Bitcoin SV you wish to purchase, either in your local currency (e.g., USD, EUR) or BSV.
Choose your payment method (e.g., bank account, credit card).
Review the transaction details, including any fees, and click “Buy Now” to complete the purchase.

Step 5: Store Your Bitcoin SV Securely

After purchasing Bitcoin SV, it will be stored in your Coinbase wallet. For added security, it is recommended to transfer your Bitcoin SV to a personal wallet (such as a hardware wallet from Ledger or Trezor) instead of leaving it on Coinbase, which is an online exchange.

Benefits of Buying Bitcoin SV on Coinbase:

User-Friendly Interface: Coinbase is known for its intuitive design, making it easy for beginners to navigate.
High Security: Coinbase uses industry-standard security measures such as two-factor authentication (2FA) and insurance for funds held in the Coinbase Vault.
Wide Payment Options: Coinbase supports multiple payment methods, including bank transfers, credit cards, and PayPal.

Buy Bitcoin SV on Binance

Binance is one of the world’s largest and most popular cryptocurrency exchanges, known for its high security and user-friendly platform. Until recently (May 2019), it was not possible to directly buy Bitcoin SV using Euro (EUR) or US Dollars (USD) on Binance. However, this has now changed, and you can easily purchase Bitcoin SV with a credit card or trade Bitcoin SV using different cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Unlike many other exchanges, Binance offers the option to verify your identity. This is not mandatory, but completing the verification process will allow you to increase your daily withdrawal limit to 100 BTC. Without verification, the daily limit is 2 BTC and you can still use all the other platform features.

Step 2: Buy Bitcoin SV with a Credit Card

To buy Bitcoin SV via credit card on Binance, follow these steps:

Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
Select Your Payment Currency: Choose Bitcoin SV (BSV) as your cryptocurrency and select your payment currency (Euro or USD).
Enter Your Personal Information: Fill in your details in the provided fields.
Verify Email and Phone Number: You will need to verify your email and phone number using a code.
Proceed to Payment: After verification, click “Next” to enter your credit card information.
Upload ID for Verification: To complete the process, upload the front and back of your passport to verify your identity.

Important Notes Before and After Your Purchase

Bitcoin SV Price Fluctuation: The Bitcoin SV amount displayed is based on the current price and may change. If the rate fluctuates by more than ±2.5%, you will be asked to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
Transaction Limits: The daily limit for purchases is USD 20,000 per user, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
Track Payment Status: After completing your purchase, you can check your payment status and deposit history through Simplex.

Step 3: How to Trade Bitcoin SV on Binance

If you already have other cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), or Tether (USDT), you can deposit them into your Binance account and trade them for Bitcoin SV (BSV). Here’s how to exchange Ethereum (ETH) for Bitcoin SV (BSV):

Deposit Ethereum (ETH): If you already have Ethereum (ETH) on another exchange or wallet, you can directly send it to your Binance Ethereum wallet address. If you don’t have Ethereum yet, you can purchase it on a platform like Litebit. During the purchase process, simply provide your Binance Ethereum wallet address, so Litebit can transfer the ETH to Binance immediately after the transaction is complete.
Access the Deposit Section: Once logged in, click on “Funds” in the navigation bar and then select “Deposit.”
Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” from the list. You will see your unique Ethereum wallet address, which you can use to transfer your Ethereum from another wallet or exchange to Binance.
Exchange Ethereum for Bitcoin SV: Once your Ethereum has arrived in your Binance account, you can trade it for Bitcoin SV by going to the “Markets” tab, selecting “ETH/BSV,” and placing an order.

Additional Trading Tips

Leverage Trading: Binance also offers margin trading with leverage for advanced users, allowing you to amplify your trades and maximize potential profits (with higher risk). Make sure to fully understand leverage before using this feature.
Security: Ensure you activate two-factor authentication (2FA) to protect your account. Binance offers various security features like cold storage for crypto funds and insurance coverage in case of major losses.

Buy Bitcoin SV on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. This means Kraken adheres to stringent security standards and is overseen by financial authorities, ensuring the safety of your assets. Kraken is trusted by institutional investors, including major entities in the financial world, for the custody of cryptocurrencies, which highlights the extremely high level of security Kraken provides.

Kraken offers the flexibility to use external wallets, but it also provides a highly secure environment for storing your Bitcoin SV. Unlike some platforms, Kraken processes withdrawals swiftly, allowing you to access your funds promptly.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform’s trading fees are structured in a tiered manner, with the lowest fees reaching 0.16% for makers and 0.26% for takers, which are notably lower than many competitors in the market.

User security is a top priority at Kraken, with features such as two-factor authentication (2FA) and advanced encryption to protect your account. The platform also offers customer support that typically responds quickly, providing assistance whenever needed.

Kraken is designed to be user-friendly, accommodating both beginners and advanced traders. Its intuitive interface is complemented by mobile apps for both Android and iOS devices, enabling you to manage your Bitcoin SV portfolio and execute trades conveniently on the go.

Kraken is one of the most trusted and secure platforms to buy Bitcoin SV (BSV). Here’s how you can buy Bitcoin SV securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To get started with buying Bitcoin SV, create an account on Kraken’s platform. Visit Kraken.com and click on “Create Account.” You will be asked to enter your name, email, and create a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires you to verify your identity to comply with financial regulations. You will need to upload a government-issued ID and provide personal details such as your address and date of birth. This verification process is necessary for your security and may take a few minutes to complete.

Step 3: Add a Payment Method

To buy Bitcoin SV, you must link a payment method. Kraken supports several payment options, including:

Bank Account: For lower fees and higher transaction limits.
Credit or Debit Card: Ideal for faster purchases, though fees tend to be slightly higher than bank transfers.
Wire Transfers: For larger purchases, Kraken also supports wire transfers in several countries.

Step 4: Buy Bitcoin SV

Once your account is set up and a payment method is linked, you’re ready to buy Bitcoin SV!

On the Kraken dashboard, go to the “Buy Crypto” section.
Select Bitcoin SV (BSV) from the list of cryptocurrencies.
Enter the amount of Bitcoin SV you’d like to purchase, either in your local currency (e.g., USD, EUR) or in BSV.
Choose your payment method (e.g., bank account, debit card).
Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Store Your Bitcoin SV Securely

After purchasing Bitcoin SV, it will be stored in your Kraken wallet. For enhanced security, it’s recommended to transfer your Bitcoin SV to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

Benefits of Buying Bitcoin SV on Kraken:

User-Friendly Interface: Kraken is known for its clear and easy-to-navigate design, making it simple for beginners to use.
High Security: Kraken employs top-tier security measures such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.

Buy Bitcoin SV on Kriptomat

About Kriptomat

Kriptomat, while a relatively new player in the crypto exchange world, has quickly established itself as a trustworthy platform for buying and trading cryptocurrencies. Unlike more established brokers like eToro, Kriptomat offers a straightforward and user-friendly interface that makes it particularly appealing to beginners. On Kriptomat, you can buy over 30 different cryptocurrencies directly using Euro (EUR), USD, and other currencies, and send them easily to an external wallet.

It’s important to note that Kriptomat is currently only available to users in Europe, so those from regions like the USA are unable to access the platform.

Kriptomat stands out with its simplicity and modern design, making it easy for anyone to get started with crypto trading. The platform is fully regulated and licensed by the Estonian government, ensuring a high level of security and reliability for users.

One of Kriptomat’s key advantages is its transparent fee structure. Unlike many other exchanges and brokers that add a premium to the purchase price, Kriptomat’s prices align with the spot price of Bitcoin SV. The only fee charged is a small, clearly displayed transaction fee, which is calculated at the time of the order creation. This makes Kriptomat one of the most cost-effective options for buying and trading Bitcoin SV.

Set up a Bitcoin SV account on Kriptomat

First of all, you should know that Kriptomat adheres very closely to the legal requirements of the European Union and therefore requires a complete verification of your identity. In order to buy Bitcoin SV on Kriptomat, you first need to create an account. To do so, go to the official website kriptomat.io and click on the orange “Register” button. This will open a pop-up window where you have to enter your first and last name, an email address, and a password for the exchange.
Kriptomat will then send you an e-mail with a confirmation link. By clicking on the link, you verify your account. As soon as you have done this, you can log in to your Kriptomat account with the access data you have just entered. However, at this point, you are not yet finished with the registration.

Before you can buy Bitcoin SV and use further features of the exchange, you have to enter and verify your phone number. Kriptomat will send you an SMS containing a verification code that you have to enter on the website. However, the registration process is not yet complete. Due to the strict EU guidelines, you still have to reveal your full identity. To start the process, simply click on the corresponding prompt (see screenshot).

A new pop-up will appear where you need to enter your address (street, house number, city, country). You will also be required to upload a clear photo or scan of your passport or ID card. Kriptomat provides a seamless and fast process for this, making it easy for you to continue the registration on your smartphone. Simply click the link sent to you via SMS, and Kriptomat will direct you to finish the registration.

Once you’ve followed the link, you can take a photo of your ID (both the front and back) using your smartphone and upload it directly to Kriptomat. The next step will involve verifying your identity with a selfie. Allow Kriptomat to access your phone’s camera, and take a selfie for the verification process.

If you plan to buy Bitcoin SV via SEPA bank transfer, you’ll also need to add a bank account to your Kriptomat account. After completing this, you can deposit funds via SEPA transfer and use your balance to purchase Bitcoin SV and other cryptocurrencies. If you prefer to use Neteller, Skrill, or a credit card, this step is not necessary. Once the registration is complete, you’ll be able to enjoy the full benefits of the platform, with no different verification levels like on other exchanges, since you’ve completed the full verification process.

Buy Bitcoin SV on Kriptomat

Buying Bitcoin SV on Kriptomat is very simple and intuitive. First, go to the tab “Buy/Sell” (step 1) and then select the tab “Buy” (step 2). In the now visible area below you can select Bitcoin SV to buy it.

You can select from four different payment methods (step 3). If you wish to use a SEPA bank transfer in EUR, you will need to link a bank account to your Kriptomat account. Alternatively, if you choose to use a credit card, Neteller, or Skrill, you can proceed with the purchase immediately without needing to provide any further details.

In step 4 (as shown in the screenshot), simply enter the amount of Bitcoin SV (BSV) you want to buy. After entering the amount, click “Buy Bitcoin SV” to review the transaction fees, which will be displayed. To finalize the purchase, click “Confirm transaction.”

Once your purchase is complete, Kriptomat will confirm the transaction and redirect you to your “My Wallet” section. Your Bitcoin SV will appear there within moments. You can also watch the following video tutorial for a helpful overview of the entire process:

Buy Bitcoin SV at Anycoin

Anycoin is a well-known cryptocurrency exchange platform offering a simple and secure way to buy and sell Bitcoin SV (BSV) and other cryptocurrencies. It caters to both beginners and experienced traders, providing an intuitive interface and a range of features designed to simplify and secure the crypto trading experience.

Key Features of Anycoin:

User-Friendly Interface: Anycoin provides an easy-to-navigate platform that is perfect for newcomers and seasoned traders alike, offering simple access to advanced trading features.
Wide Selection of Cryptocurrencies: In addition to Bitcoin SV (BSV), Anycoin supports a variety of other cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), enabling you to diversify your crypto portfolio with ease.
High Security Standards: Anycoin prioritizes user security, offering features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions, ensuring that your Bitcoin SV (BSV) and other assets are safe from potential threats.
Low Fees: Anycoin provides competitive transaction fees, making it an appealing choice for traders looking to minimize costs while buying and selling Bitcoin SV (BSV) and other cryptocurrencies.
Multiple Payment Methods: You can purchase Bitcoin SV (BSV) using several payment methods, including bank transfers, credit cards, and sometimes even PayPal, depending on your location.
Fast Transactions: Anycoin ensures quick processing of transactions, so you can buy Bitcoin SV (BSV) and other cryptocurrencies without unnecessary delays, providing you fast access to your funds.
Support for Wallets: While Anycoin offers its own wallet for storing your crypto assets, it’s highly recommended to use a personal wallet for extra security. This can include hardware wallets or other secure storage options for your Bitcoin SV (BSV).
Dedicated Customer Support: Anycoin provides responsive customer support to assist with any issues or questions you may encounter during your experience on the platform.
Mobile Apps: Anycoin also offers apps for both Android and iOS devices, making it easy to manage your Bitcoin SV (BSV) portfolio and execute trades while on the go.

How to Buy Bitcoin SV on Anycoin:

Create an Account: Visit the Anycoin website and click on “Sign Up.” Enter your name, email address, and create a password. Once you’ve completed this, you will receive a verification email to confirm your account.
Verify Your Identity: As part of regulatory requirements, Anycoin will ask you to complete a verification process. This might involve submitting a government-issued ID and providing some personal details.
Link a Payment Method: To buy Bitcoin SV, you will need to link a payment method to your Anycoin account. Payment options include bank transfers, credit cards, and PayPal.
Make Your Purchase: After your account is verified and payment method linked, go to the “Buy” section, select Bitcoin SV (BSV), and enter the amount you want to buy. Review the transaction details and associated fees before completing your purchase.
Store Your Bitcoin SV Securely: After purchasing Bitcoin SV, it will be stored in your Anycoin wallet. For enhanced security, it is advisable to transfer your Bitcoin SV (BSV) to a personal wallet (e.g., a hardware wallet) for safer storage.

Benefits of Using Anycoin:

Simple and Easy to Use: Anycoin’s user-friendly interface ensures that both beginners and experienced traders can buy Bitcoin SV and other cryptocurrencies easily.
Secure Platform: With 2FA and SSL encryption, Anycoin provides a secure platform to protect your Bitcoin SV and other assets.
Variety of Cryptocurrencies: In addition to Bitcoin SV (BSV), Anycoin supports a wide selection of major cryptocurrencies for easy portfolio diversification.
Competitive Fees: Anycoin’s low transaction fees make it an attractive option for anyone looking to trade Bitcoin SV cost-effectively.
Quick Transactions: Transactions are processed quickly, ensuring fast access to your Bitcoin SV and other purchased assets.

Buy Bitcoin SV at ByBit

Bybit is a well-known cryptocurrency exchange platform that specializes in trading digital assets such as Bitcoin SV (BSV), Ethereum (ETH), and other cryptocurrencies. With its advanced features and high liquidity, Bybit is particularly popular among experienced traders, especially those interested in leverage trading and derivatives.

Key Features of Bybit:

Advanced Trading Tools: Bybit offers a range of professional trading tools, including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools, helping users make informed decisions when trading Bitcoin SV (BSV) and other cryptocurrencies.
High Liquidity: Known for its high liquidity, Bybit is a great platform for traders needing to execute large trades of Bitcoin SV (BSV) without significant slippage, ensuring reliability for both day traders and long-term investors.
Leverage Trading: Bybit’s standout feature is leverage trading, allowing users to amplify their positions. This can significantly increase potential profits when trading Bitcoin SV (BSV), but it also comes with higher risk, so it’s essential to use leverage carefully.
User-Friendly Interface: While offering advanced trading features, Bybit ensures an intuitive interface, making it accessible to both beginner and experienced traders. Its clean design allows easy navigation across the platform’s tools, including those for Bitcoin SV (BSV).
Security Features: Bybit places a strong emphasis on security, offering two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover losses in extreme market conditions. These features help ensure the safety of your Bitcoin SV (BSV) holdings.
Mobile App: Bybit offers mobile apps for both Android and iOS, providing flexibility for users to trade and manage their Bitcoin SV (BSV) holdings on the go, with many features available as on the desktop version.
Fast Transactions: Bybit offers quick order execution speeds, ensuring that trades are processed seamlessly and without delay, which is crucial for trading in volatile markets like Bitcoin SV (BSV).
Referral Program: Bybit’s referral program allows users to earn rewards by inviting others to join the platform. It’s a great opportunity to expand the community while earning additional income through Bitcoin SV (BSV) and other rewards.
Customer Support: Bybit provides 24/7 customer support through live chat, email, and other channels to assist with any issues or inquiries related to Bitcoin SV (BSV) and other services.

How to Buy Bitcoin SV on Bybit:

Create an Account: Begin by visiting the Bybit website and clicking “Sign Up.” Enter your email address and create a secure password. Once registered, you will receive a verification email to activate your account.
Verify Your Identity: Bybit requires users to complete a Know Your Customer (KYC) verification to comply with regulatory standards. This involves submitting a government-issued ID and some personal details to confirm your identity.
Deposit Funds: After setting up your account, deposit funds. Bybit supports multiple cryptocurrencies like Bitcoin SV (BSV), Ethereum, and USDT (Tether). You can deposit your assets directly into your Bybit wallet. 4. Buy Bitcoin SV: To buy Bitcoin SV on Bybit:
- - Navigate to the “Spot” trading section on the platform.
  - Select Bitcoin SV (BSV) as the cryptocurrency you wish to buy.
  - Choose your trading pair (e.g., BSV/USDT).
  - Enter the amount of Bitcoin SV you wish to purchase and review the transaction details.
  - Confirm the purchase to complete the transaction.
5. Store Your Bitcoin SV: After purchasing Bitcoin SV, you can store it in your Bybit wallet. For enhanced security, it’s advised to transfer your Bitcoin SV (BSV) to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), for safe storage.

Benefits of Using Bybit:

Advanced Trading Options: Bybit is perfect for traders looking for advanced features such as margin trading, leverage, and access to a wide range of cryptocurrencies including Bitcoin SV (BSV).
Fast Execution and High Liquidity: Bybit offers fast order execution and deep liquidity, making it a solid choice for active traders in fast-moving markets like Bitcoin SV (BSV).
Security: Bybit ensures the security of your Bitcoin SV with features like two-factor authentication (2FA), cold storage, and an insurance fund to protect against potential market extremes.
Mobile Trading: Bybit’s mobile apps enable you to trade and manage your Bitcoin SV (BSV) portfolio on the go.
Competitive Fees: Bybit offers competitive trading fees, making it an attractive option for Bitcoin SV traders looking to reduce costs.
24/7 Support: Bybit provides round-the-clock support to address any questions or concerns regarding your Bitcoin SV (BSV) transactions or platform usage.

Best Bitcoin SV wallet: Electrum

When using a desktop wallet, we highly recommend the Bitcoin SV Electrum Wallet. Below is a step-by-step guide on how to download and use it. First, head over to the official site and download the wallet (click!). Once you click the link, you’ll be redirected to the website where you can download the wallet. Scroll down and click on the “Download Electrum” button.

Next, you will be directed to a page where you need to choose the version that fits your operating system. If you’re using Windows, download the Wallet version for Windows. For example, if you’re a Windows user, click on “Windows Installer” (as shown with the red arrow). If you’re using Android, select the corresponding installer:

Once the file is downloaded, click the setup file. Choose a directory where the wallet should be installed, and then click “Install.” The installation process should take no longer than 2 minutes. After installation, click “Close.”

Congratulations, the wallet is now installed. Start the Bitcoin SV Electrum Wallet by double-clicking the Electrum icon on your desktop. The software will first ask you how you want to connect to a server. As a beginner, we recommend selecting “Auto connect” at this point.

The Electrum software will then detect that you haven’t created a wallet yet. Simply click “Continue” and optionally provide a wallet name. Then, you can choose from various wallet types. If this is your first time setting up a wallet, we suggest selecting the “Standard wallet” option. The standard wallet is completely free and works perfectly well for most users.

Alternatively, for extra security, you can set up a “Wallet with two-factor authentication“. You will need a smartphone and the Google Authenticator app, which is available on both the App Store and Google Play. Using a wallet with two-factor authentication comes with an additional cost, but we highly recommend it as it significantly enhances the security of your wallet.

After clicking “Next,” a seed phrase will be generated. We recommend using the “Segwit” address format, as it’s the most common and efficient address format. This seed consists of 12 words, and it is the key to your wallet in case you lose your password or if your computer breaks down. Therefore, it’s extremely important to write down the seed and store it in a safe place, preferably on paper.

Next, you’ll be prompted to enter the seed again to confirm it. Afterward, Electrum will ask you to create a password. The longer the password, the better, and don’t forget to use numbers and special characters. You’ll need this password every time you open the wallet, so make sure to keep it secure.

Once you’ve completed the setup, you’ll be taken to the main interface of the Bitcoin SV Electrum Wallet. Your “Receiving Address” can be found in the upper right corner under the “Receive” column. Copy this address and enter it on the exchange where you’re purchasing Bitcoin SV, such as Litebit, as the “Receiving Address.” After you’ve entered the address, select your preferred payment method and click “buy.” Generally, the transaction should be credited to your wallet within 24 hours.

If you have any questions or need further assistance, feel free to leave a comment. We’re happy to help!

Buy Bitcoin SV: A Comprehensive Guide on How to Buy BSV – Best Exchanges & Brokers