You can buy Bitcoin SV with a credit card or bank transfer. It’s safe and secure.
Find out if BuyBSV is currently available in your state.
Credit/Debit card limits
Minimum order: €50
- Daily: Now €1,000 regardless if first or subsequent order
Bank Transfer Limits
Minimum order: €100
- Daily: €3,000
- No yearly limits for both options
Upload an identity document such as passport, national ID or driver’s license.
Credit/Debit card limits
Minimum order: €50
- Daily: Now €5,000
Bank Transfer Limits
Minimum order: €100
- Daily: €10,000
- No yearly limits for both options
You must have a total volume of at least €1,000 bank orders completed. Security verification will take 5 days.
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Money Button is like the Facebook Like Button, but with money instead of likes. It’s easy for consumers to make and receive Bitcoin SV payments with Money Button just by swiping the button. And it’s easy for developers to install Money Button onto websites and apps by pasting a short snippet of code.
History of Bitcoin
The idea to have online currencies with encryption and ledgers did not start with Bitcoin. Sure, Bitcoin was the first cryptocurrency that was actually established but previous ideas were B-Money and Bit Gold, both of which were never fully implemented.
Bitcoin Mining Begins
The public gains access to the Bitcoin software and mining starts. Mining is the process in which Bitcoins are created, transactions are recorded, and verified on the blockchain.
Bitcoin was never traded before so it was impossible to assign a monetary value to it. No one knew how much Bitcoin’s actual value was. During this year, someone decided to use theirs for the first time by buying two pizzas with 10,000 Bitcoins. Today, 10,000 Bitcoins is valued at around $117 million!
Other Cryptocurrencies Pop Up
Bitcoin’s popularity began to soar and its promise of decentralization appealed to many. Naturally, other cryptocurrencies were created. The first cryptocurrencies, referred to as altcoins, were Namecoin and Litecoin and their focus was improving on the original Bitcoin design. The creators of these alternative coins aimed to offer faster transactions and more advantages.
Bitcoin Price Crashes
As Bitcoin continued to emerge, the price of a single Bitcoin reached $1,000 for the first time ever. However, this was short-lived as the price dropped to around $300. It would take two years before the price of Bitcoin would attract the attention of everyone.
Mt. Gox Takes Advantage
The nature of Bitcoin is to provide encryption to control the creation of monetary units and to verify the transfer of funds. However, for cryptocurrencies, and money in general, scams are unavoidable. In January 2014, Mt. Gox — the world’s largest Bitcoin exchange at the time — went offline and owners of an estimated 850,000 Bitcoins disappeared. During this time, the Bitcoins that have disappeared were worth $450 million. Today, the value of those Bitcoins are around $9 billion.
Ethereum and ICOs
The Ethereum platform rivalled Bitcoin’s popularity and its profile grew. Ethereum used its cryptocurrency Ether to facilitate smart contracts and apps on its blockchain. Ethereum jumpstarted a surge in Initial Coin Offerings (ICOs), which are fundraising platforms that offer investors a chance to own cryptocurrency at its start-up stages. This is similar to IPOs in the stock market. The US government warned the public about ICOs because they lacked proper oversight and it could be a Ponzi scheme disguised as a legit investment opportunity.
Bitcoin Reaches the $10,000 Mark
The value of Bitcoin began to pick up steam. More and more money was flowing into the Bitcoin ecosystem — investors, businesses, and developers all wanted a piece. The market cap of crypto coins reached a staggering $300 billion with global banks like Barclays and Citi researching ways to use the Bitcoin blockchain technology. This was the beginning of the tech revolution in the FinTech sector. In August, following a disagreement between developers, Bitcoin split into two cryptocurrencies: Bitcoin Core (BTC) and the Bitcoin Cash (BCH). The split is called the Bitcoin Cash hard fork.
The birth of Bitcoin Satoshi Vision, the original Bitcoin
In November 2018, another hard fork occurred between two protocol development groups which resulted in Bitcoin Cash ABC and Bitcoin Satoshi Vision, or Bitcoin SV. Bitcoin Cash ABC believed in maintaining the block size at 32MB, which would limit the number of transactions it could handle. The Bitcoin SV camp believes in the original Bitcoin protocol that focuses on restoring the original Satoshi protocol, keeping it stable and enabling it to massively scale.
BSV’s mission is clear and focused: restore the original Satoshi protocol, keep it stable, and enable it to massively scale on-chain. That is the only way to make Bitcoin the world’s new money (a peer-to-peer electronic cash system) and the global public ledger for the world’s biggest enterprises. Bitcoin SV will maintain the vision set out by Satoshi Nakamoto’s white paper in 2008: “Bitcoin: A Peer-to-Peer Electronic Cash System.”
Reflecting its mission to fulfil the vision of Bitcoin, the project name represents the “Satoshi Vision” or Bitcoin SV.
Since the November hard fork, native Bitcoin businesses have quickly announced #WeChooseSV and added support for BSV. In fact, many of the best BCH applications – such as Centbee, HandCash, Money Button, and Keyport TV – have moved over to BSV.
Bitcoin, as restored in Bitcoin SV can replace every payment system in the world with better user experience, a cheaper cost for merchants, and a safer level of security.
Businesses can trust Bitcoin SV to provide the stability and scalability they need to commit investment and resources to use the BSV blockchain.
Four fundamental pillars form the basis of Bitcoin SV’s roadmap to create the one blockchain for the world: stability, scalability, security, and safe instant transactions.
“The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling.” – Satoshi Nakamoto (April 2009)
Bitcoin SV transactions work?
Bitcoin SV transactions are simpler than traditional banking transactions. Here’s what you need to start with BSV: a crypto wallet, which lets you store, receive and send BSV. You also need the wallet address of the recipient that you plan to send BSV to.
Sending BSV from one storage location to another undergoes a verification process. The network confirms the validity of the funds being transferred, then after it is verified, the transaction is processed and recorded onto the blockchain.
Every blockchain transaction is recorded in its respective block. The entire blockchain structure holds information about every transaction and the integrity of the blockchain is enforced with cryptography, this is why it is considered a highly secure digital ledger. The data is stored chronologically and it is transparent, searchable and traceable.
How can I
Use Bitcoin SV?
Using Bitcoin SV as a digital currency allows you to eliminate the middle man. It is completely decentralized and transaction fees are lower than traditional payment fees.
As BSV continues to grow in popularity, more and more companies are adopting it as a way to pay for their services. Coinify makes it easy to receive customer payments in most popular cryptocurrencies, including BSV. To make it simple for merchants, all received payments are automatically settled to GBP/EUR/USD or to BSV, depending on your preference.
Another way to use Bitcoin SV is to send money to friends or family. All you need is their Bitcoin SV wallet address and you can send them BSV. If for example, they picked up the check at dinner, you can pay them back using BSV. If you were to start a business, you can offer BSV as an optional payment method. BSV offers cheaper fees for you compared to credit card fees and it gives your customers additional ways to pay you.
How to secure your Bitcoin SV
This method of storage is less prone to hacking and it is used both by individuals and by crypto exchanges that possess huge amounts of cryptocoins. The most used cold storage methods are paper wallet, storage devices, and hardware wallets.
We cannot stress this enough because in the event of computer hardware failure, you can rely on your backup of your entire crypto wallet. Backup all wallet.dat files then store the backup in multiple ways -- like on a USB, on another hard drive, etc.
Keep your wallet software updated with the latest security fixes and protocol. Wallets that haven't been recently updated are prone to being hacked so consistently update operating software on your mobile and desktop to protect your Bitcoin SV.
Enable Google's 2-step verification on your wallet to give your account an extra one-time code along with your login username and password. It doesn't require any sort of internet connection and its algorithm gives a new code every 60 seconds.
Differences between hot and cold wallets, paper wallets and digital wallets
Hot wallets are cryptocurrency wallets connected to the internet. They are easier to accept, set-up, and access. Hot wallets are more common because you can download a wallet on your desktop or phone. However, hot wallets are more susceptible to hackers.
Cold wallets are offline wallets for storing cryptocurrency. A cold wallet is usually a device that stays offline most of the time, thus making it more secure from cyber hacks.
Paper wallets involve the printing or writing down the private keys onto paper, or whichever physical medium you choose. If the medium containing the private keys is highly secured, this can be considered as one of the safest ways to store Bitcoin SV.
A digital wallet contains a pair of public and private cryptographic keys. The public key allows you to receive cryptocurrency payments, while the private key enables you to spend cryptocurrency from that address.
How to choose a wallet?
Bitcoin wallets offer advantages and disadvantages. You must consider important factors like types of cryptocurrency supported, level of security and privacy, convenience, user interface, fees, customer support, and built-in services.
You also need to consider what type of wallet works best for you. Choose between cold, hot, paper and digital wallets. You can also choose to distribute portions of your Bitcoins in the different wallets.
You are responsible for the security of your digital assets, so make sure you take the necessary measures to protect your Bitcoins from hackers and malware.
The History of money
Start of Barter
Humans grew crops and raised cattle to service. They exchanged these items for other items they needed at the time.
The Ancient Babylonians established a form of measurement for money called "shekel.” It was based on the weight of different items and that measurement was used for trading goods like barley to gold.
Cowry Shells to Coins
Africa, South Asia, Australia, Oceania and parts of Europe used cowry sea shells as money.
Chinese civilizations used a standardized currency in the shape of miniature replicas of knives and spades. These eventually evolved into round shaped coins with holes in the middle.
The first ever official currency ever was made in modern day Turkey by King Alyattes of Lydia. It was a coin that featured a roaring lion's head and it was minted out of gold.
The Roman Empire issued its own currency called Denarius. These coins were minted out of silver and featured symbolic images about the Roman Republic.
The Chinese issued the first ever leather banknote, made out of deerskin and painted with bright colors.
A copper shortage during the Tang Dynasty in China introduced the first use of paper banknotes.
Marco Polo is credited for introducing the idea of paper money to Europeans after he discovered the Chinese using it.
The first ever European banknotes were printed in Sweden.
The gold standard combined the best aspects of paper money and coins. This allowed banks to create money while backing up its value with precious metals.
The US adopts gold as its official standard of value. Americans were allowed to trade $20.67 for an ounce of gold.
The Great Depression forced the US to abandon the gold standard and the government soon pumped money into the economy to stimulate recovery. Other countries followed suit.
Credit Cards and Mobile Banking
The Diners' Club releases the first ever credit card. More than 20 restaurants in New York paid for bills without using cash.
England received the world's first ATM.
Mobile banking begins in Europe.
Bitcoin and Cryptocurrency
Satoshi Nakamoto posted a paper titled "Bitcoin: A Peer to Peer Electronic Cash System." It promised lower transaction fees compared to traditional payment systems. The first Bitcoins were mined by computers performing mathematical equations.
Bitcoin SV was created out of the hard fork of Bitcoin Cash (BCH) on November 15. Businesses and developers migrated from BCH to Bitcoin SV's ecosystem because it seeks to emulate the proposed original vision of Bitcoin through emphasis on scaling onchain as fast as possible.
It is expected that blockchain technology will continue to positively impact change at economic, social and governmental levels. Specifically, Bitcoin SV as designed by Satoshi Nakamoto, is the only blockchain with a stable protocol and scaling roadmap to become the world’s new money and global public blockchain for enterprise.
Cryptocurrency fit in all of this
The number of merchants and businesses who use cryptocurrency are steadily increasing but only the minority fully understand it. Consumers and enterprises need to discover how cryptocurrency can positively impact daily life.
Cryptocurrency, specifically Bitcoin SV, is a technology that protects consumers from scammers and hacker attacks but it’s also easy for consumers to understand. As cryptocurrencies continue to move towards mainstream use, more businesses and consumers need to realize its significance as a revolutionary technology and leverage its benefits.
Regulations and policies to govern the use of cryptocurrencies will increase as adoption of this technology increases. This is an advantage as it will curb nefarious organizations and individuals that plan to use cryptocurrency to conduct illegal activity.
What is Blockchain?
Blockchain is an ever-expanding list of records called blocks, which are linked using cryptography. By design, the data stored on the blockchain is resistant to modification and cannot be altered retroactively. Altering data on the blockchain requires a consensus of the network majority.
It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.” The blockchain records information about the participants in a transaction. It doesn’t record your name, but instead the blockchain stores information using a unique digital signature.
Blocks store data that distinguishes them from other blocks. Each block records a unique code called a “hash,” which makes it different from all the other blocks.
How does Blockchain Technology Work?
With each blockchain consisting of a stable chain of blocks, each has a stored list of recorded transactions. The blockchain network is maintained by computers around the world and they function as a decentralized database or ledger. Each participant, called a “node”, maintains a copy of the data and the network communicates with each other to ensure they are on the same block.
Blockchain transactions happen within a peer-to-peer global network and it makes Bitcoin SV a decentralized digital currency.
Why use a Public Blockchain?
The advantages of a public blockchain are decentralization, open-source and permissionless, and it limits the potential of illegal activity.
Satoshi Nakamoto, the author of the groundbreaking white paper Bitcoin: A Peer-to-Peer Electronic Cash System, believes in a distributed public ledger for peer-to-peer transactions. This is the original Bitcoin protocol as applied to Bitcoin SV. Since it is open-source and permissionless, Nakamoto has granted access to anyone who wants to modify the protocol and make it their own peer-to-peer transaction network.
More people and businesses have started building applications on the BSV blockchain. It is the only public blockchain that has the roadmap for a stable protocol and massive on-chain scaling.
A public global blockchain like BSV also limits the potential of illegal activity because it is fully transparent with every piece of data verifiable.
What can be done on the BSV blockchain?
Bitcoin SV is Bitcoin meant for business and is the blockchain all enterprises should build upon. BSV’s mission is clear and focused: restore the original Satoshi protocol, keep it stable, and enable it to massively scale on-chain. That is the only way to make Bitcoin SV the world’s new money (a peer-to-peer electronic cash system) and the global public ledger for the world’s biggest enterprises.
Developers can experiment all they want, but they should do so on top of the base layer rather than change the foundation. BSV offers a Bitcoin protocol that is rock solid, not a pile of moving sand. With a solid foundation, global businesses can reliably build robust applications, projects, and ventures on BSV.
Companies want a stable platform to build upon and they will only develop enterprise-level applications on a Bitcoin blockchain they know is scalable – with throughput capacity established in advance to support their high volume needs.
BSV has a plan to create industry best practices, and deliver an unprecedented commitment to quality assurance and professionalized engineering. That’s exactly what big businesses want for an enterprise-friendly blockchain.
For Bitcoin to achieve global adoption, businesses and consumers need confidence that using its currency and blockchain is legally safe. Whether we agree with them or not, we cannot ignore regulations that govern how a company operates on the Bitcoin blockchain. That is why the BSV ecosystem attracts businesses and applications who want to build in a regulation-friendly environment.
What is a
A distributed ledger is a database that is consensually shared and synchronized across multiple sites, borders and institutions. It allows transactions to have “public witnesses” that makes it more difficult to hack or alter. The distributed ledger technology is powered by blockchain. Once information is stored on a distributed ledger, it becomes immutable.
How Crypto payments help avoid
commissions and save money
Using cryptocurrency has transaction fees, but they are much lower than what traditional financial services charge. For example, in 2018, an anonymous Bitcoin investor moved $194 million (at that time) worth of Bitcoin with only a $0.01 fee. If a bank were to transfer that amount of money it would cost thousands of dollars in fees.
This is possible because the miners, who approve the blocks, sort the transactions by a fee rate. You can choose between slow and fast transactions, depending on the fee you are willing to pay. The fees are still significantly lower than traditional bank fees.
The Bitcoin Whitepaper
In October 2008, Dr Craig S. Wright under the pseudonym Satoshi Nakamoto authored a whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”. In January 2009, Satoshi would release the very first software that launched the original Bitcoin network.
Nakamoto stated that he began writing the code in 2007 and, based on the whitepaper, he would implement a core design supporting a wide range of transactions.
Read the entirety of the Bitcoin Whitepaper here.
Buy BSV is a service through which buying Bitcoin SV is easy, simple and straightforward. With minimal effort and legal requirements to comply with, you can buy BSV and have it delivered directly to your BSV wallet.
It is our vision to increase the accessibility of BSV, as it will lead to improving the lives of individuals and the business operations of enterprises.
In a nutshell, you need to have a BSV account and log in to buy. Then, you will go through a few steps to complete your order depending on the payment method you have chosen. Currently, you can use two payment methods: credit/debit card and bank transfer.