How to Convert Bitcoin BTC to Bitcoin SV

Bitcoin, or BTC, has been a prominent part of the cryptocurrency industry. To many, the field began when an entity known as Satoshi Nakamoto created Bitcoin in 2009. Many other parties have produced cryptocurrencies of all sorts over the years, but it is bitcoin that remains the top option for trading and investing purposes. Some online retailers even accept bitcoin as a payment solution.

Bitcoin has evolved over the years to where it has produced a few other new currencies. Some of these changes came from the forks that develop when a blockchain produces two possible paths forward. BitcoinSV, or BSV, is one of these currencies to note. You can convert BSV to BTC today. It takes a bit of effort to see how well the transaction works.

convert Bitcoin to Bitcoin SV

Understanding Bitcoin SV and How BSV Works

BitcoinSV is short for Bitcoin Satoshi’s Vision. The currency produces a system that is smarter than Bitcoin. It is all about creating the perfection that the unknown Satoshi Nakamoto entity wanted out of Bitcoin in its formation.

BitcoinSV is a fork of another fork, specifically as a hard fork of Bitcoin Cash. The currency was established as Bitcoin became more popular, but there has always been a desire to improve upon something that works well.

Bitcoin Cash was formed in 2017 off of a hard fork from the original bitcoin blockchain. The fork entails a dramatic change in a blockchain’s protocol. The change causes some blocks to become invalid, while others are now valid alongside the new rules in the chain. All users or nodes must upgrade to the latest protocol for them to continue using something.

The fork is one of the most significant measures in the currency world, as it produces a change in how something operates. The fork creates a new path for operation, with the original currency going in one direction and the new offshoot going elsewhere. In this case, Bitcoin Cash was formed as a currency that supports faster processes and uses lower transaction fees.

BSV is a new currency that came out of a hard fork of Bitcoin Cash in 2018. The design focuses on increasing the block size while limiting the features in the smart contracts. Having such controls is necessary for success.

BSV works mainly for business and government purposes. The goal of BSV is to encourage people to buy and hold the currency. The effort is similar to what Satoshi Nakamoto had over the original Bitcoin. BSV is closer to the initial Satoshi vision, hence the currency name. BSV restores the original Bitcoin protocol to make it work well.

The currency was established by a team led by Craig Wright, one of the world’s top crypto engineers. Wright even claims that he is Satoshi Nakamoto, although there is no proof of this point. Wright also says that BSV works close to the original white paper that Satoshi produced, thus leading to a currency that is as perfect to the original vision as possible.

How to convert BTC to BSV

You will have to find a cryptocurrency exchange that supports BitcoinSV if you want to complete a transfer from BTC to BSV. The good news is that there are plenty of cryptocurrency exchange sites that support BSV. The market cap for BSV is worth billions of dollars, making it viable for a crypto trade. You should be aware of how well the system works if you wish to make more out of a trade or to find something more valuable.

To make the exchange process more simple, you can utilize a crypto exchange aggregator like Swapzone. Swapzone lets you see available BSV rates for trading, time and information on the exchange. This data will assist you well in finding something of value. As we have mentioned, there are many exchanges supporting BSV at the moment. To make sense of everything around and compare BSV exchange rates, use a swap aggregator like Swapzone to convert Bitcoin to Bitcoin SV.

You can exchange BTC to BSV by following these steps:

  1. Go to Swapzone and choose Bitcoin in the Deposit field. Enter the amount of cryptocurrency to swap
  2. Choose Bitcoin SV in the Receiving field
  3. Check the exchange offers available and find the most suitable BSV conversion option. Click Exchange
  4. Proceed by filling up the wallet data
  5. Click Proceed to Exchange and send in Bitcoin deposit to the address generated by the service provider
  6. Wait for the exchange to be completed
  7. You have successfully converted Bitcoin to Bitcoin SV