With BitcoinSoV growing and becoming a real player in the cryptocurrency space, people seem to want to know 2 things: "Where/How can I buy it?", and "How can I mine it?" We have created a couple mining tutorials which can be found in this subreddit, and here is your *Buying BSOV* tutorial guide!
I am going to outline how to buy BSOV as if you have no idea how to even purchase Ethereum on Coinbase. That way anyone with various degrees of experience, very little or a seasoned veteran, can take advantage of the opportunity to hold/trade BSOV.
The first step, is going to Coinbase.com and creating an account and verifying your personal and billing information so you are able to buy Ethereum to transfer from Coinbase to your MetaMask wallet, which will be synced with DDEX (DDEX is a decentralized exchange, so they use your wallet for trading directly to other users.)
After you have purchased your Ethereum (Ethereum must be bought to convert to WETH (Wrapped Ethereum) when you connect to DDEX), You must sent it to a MetaMask wallet. To open a MetaMask wallet, download the google chrome extension here https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en .
Once you have created a Metamask Account/Wallet, be sure to save your seed phrases in a safe, secure location for if you lose access to your account and you do not keep your seed phrases, your wallet and its funds are gone forever. After you've saved your seed phrases you can send the Ethereum you have bought on Coinbase to the Metamask wallet address your account is assigned (in Coinbase, there will be a little arrow in the top right hand corner of your ETH wallet which will allow you to send). Now that you have some Ethereum in your wallet, you can now connect to DDEX, but theres still a couple more steps. (P.S. if you have BitcoinSoV tokens you must add them manually to your wallet by selecting "add tokens" and entering the tokens contract address in the field provided (0x26946ada5ecb57f3a1f91605050ce45c482c9eb1 is the contract address)).
Since DDEX uses "Wrapped Ethereum", which is just Ethereum which can interact and be traded with other ERC20 tokens (ETH was created before ERC20 standard existed, therefore it does not conform to it) you have to convert it. To convert your ETH to WETH, you must first connect your MetaMask wallet with DDEX. This can be accomplished by going to https://ddex.io/trade/BSOV-WETH . Once you hit "connect" when the request pops up to connect your wallet, you will be brought to the BSoV trading screen. From here all you have to do is go to the balances tab, click "Wrap ETH" and you will be asked to pay a gas fee to wrap however much ETH you wish. After doing this DDEX will verify that the transaction has gone through and there you have it! You are able to trade using DDEX with the BSoV/WETH trading pair! You can place buy/sell orders of your choosing.
This is a very basic tutorial and I will be adding images later on to help those who may still be having trouble using DDEX. If this tutorial is not helpful, feel free to join our telegram community and an admin or community member can assist you.
Thanks for reading, and as always Happy Mining & Trading!
#BitcoinSoV - $BSoV Chris
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