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About Bitcoin SV :
Bitcoin SV (BSV) represents Satoshi Vision. Coming from Bitcoin Cash, BSV is a hard fork (network enacted update to the convention or code) set up as unmistakable from BCH after the system redesign booked for November fifteenth, 2018 brought about a hash war deciding the chains would be part. As per their site, the Bitcoin SV venture is principally sponsored by CoinGeek Mining with advancement work by nChain.
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Understand the Bitcoin SV wallet
Bitcoin SV (BSV) is a digital currency. It is not like your fiat currency. It's one type of currency in the form of digital code. Let's understand in brief, you can store your fiat currency in a hard wallet, but how can you store your digital currency when the point comes to security? Here, the Bitcoin SV wallet came into existence.
A Bitcoin SV wallet is one type of application or software program, or you can say it's a digital application where you can store/hold your Bitcoin SV without any hesitation because it's very safe. Technically, it's like a bank. Once you credited your currency to the bank. Your bank application shows the number that you have credited to the bank. Same in the Bitcoin SV wallet, you will see the exact amount you have invested and a quantity according to your money.
Now the question is, what else comes in the wallet? The wallet comes with a security key (private key) called a wallet address to accept and send the Bitcoin SV.
Let's understand how wallets work.
- How can you receive Bitcoin SV?
- Start google and type Bitcoin SV.com wallet app and choose to receive options.
- Select in which wallet you want to receive Bitcoin SV. Keep in mind selecting a BCH wallet option if you are receiving Bitcoin SV cash. Else select BSV wallet while you want to receive Bitcoin SVs.
- Now, the wallet generates an address. At that address, you can receive coins. Copy that address and provide it to cryptocurrency exchange or any person who is sending you Bitcoin SVs.
How can you send Bitcoin SV?
- Open the Bitcoin SV.com wallet app and select the Send option.
- The first way is to scan the QR code with your phone app or copy the receiver address into your mobile app.
- Choose the right wallet, select BCH while sending Bitcoin SV Cash or select BSV while you want to send Bitcoin SVs.
- Enter the correct value before sending. And before it, check all the details carefully because any small mistake will put you in trouble.
Here, you should know how many wallets exist today to store Bitcoin SVs or any cryptocurrency coins. There are web, mobile, and hardware wallets that are in work today to store or hold any cryptos or Bitcoin SVs.