FAQ — Frequently Asked Questions | True Bitcoin SV

Question 1

What is Bitcoin SV?

Accepted Answer

Bitcoin SV (Satoshi Vision) is a blockchain that restores and preserves the original Bitcoin protocol as described in Satoshi Nakamoto's 2008 white paper. "SV" stands for Satoshi Vision — the goal is to honour the design Satoshi originally laid out, rather than modify it. BSV is designed to scale massively on-chain, process millions of transactions per second, and charge fees of a fraction of a cent. It is intended to function as both a global payment network and a data ledger for the world.

Question 2

Is Bitcoin SV the same as Bitcoin?

Accepted Answer

BSV is the blockchain that most closely follows the original Bitcoin protocol as Satoshi described it. BTC (Bitcoin Core) and BCH (Bitcoin Cash) have both diverged from that original design in significant ways — BTC by capping block sizes and pushing transactions off-chain, BCH by modifying the script language. BSV keeps the original protocol intact and scales on-chain. So while all three share a common origin, BSV is the one that has stayed truest to the original design.

Question 3

Why is it called Satoshi Vision?

Accepted Answer

The name reflects the project's core goal: to restore and maintain the Bitcoin protocol as Satoshi Nakamoto originally designed it. When Bitcoin Cash forked from BTC in 2017, and then BSV forked from BCH in 2018, the BSV camp argued that the original protocol was being abandoned. "Satoshi Vision" is a statement of intent — to honour what Satoshi actually built, not what others have since modified it into.

Question 4

What makes BSV different from BTC and BCH?

Accepted Answer

The key differences come down to scale, fees, and philosophy. BTC has a 1MB block size limit (with some extensions via SegWit), which caps throughput and pushes fees up — it is primarily used as a store of value. BCH increased the block size but also modified the script language and has a smaller network. BSV removes the block size cap entirely, enabling massive on-chain scaling, sub-cent fees, and the ability to store data directly on the blockchain. BSV is designed to be a global payment and data network, not just digital gold. You can watch Why BSV Is the Real Bitcoin — Not BTC or BCH on our Watch page for a deeper comparison.

Question 5

How do I get BSV?

Accepted Answer

You can buy BSV on several exchanges. MEXC, Bitget, and Uphold all list BSV and allow you to purchase it with fiat currency or trade it against other cryptocurrencies. Changelly and Ramp Network offer simpler swap interfaces if you prefer a more streamlined experience. Once purchased, you can keep BSV on the exchange or move it to a personal wallet for full control. Our Resources page has links to recommended exchanges and wallets.

Question 6

What wallet should I use for BSV?

Accepted Answer

For most users, HandCash is the easiest starting point — it is a mobile wallet with a simple interface and a human-readable handle instead of a long address. Centbee is another good mobile option, particularly popular in Africa. For users who want full control over their keys, ElectrumSV is a desktop wallet that gives you direct access to your private keys. Our Resources page has links to all of these.

Question 7

Is BSV a good investment?

Accepted Answer

We are an educational platform, not a financial adviser, so we cannot tell you whether BSV is a good investment for your situation. What we can say is that BSV has a fixed supply of 21 million coins (the same as BTC), ultra-low transaction fees, and a focus on real-world utility through micropayments and data storage. Whether that makes it a good investment depends on your own research, risk tolerance, and financial goals. Nothing on this site is financial advice.

Question 8

What can I actually do with BSV?

Accepted Answer

BSV is designed for real-world use. You can send money globally in seconds for a fraction of a cent — useful for remittances, tipping, or paying for digital content. Developers build applications on BSV that use micropayments to monetise content, APIs, or services. Businesses use the BSV blockchain to store records, certificates, and data in a tamper-proof way. The low fees make use cases viable that simply are not possible on BTC, where a single transaction can cost several dollars.

Question 9

How fast and cheap are BSV transactions?

Accepted Answer

BSV transactions are typically confirmed within seconds and cost a fraction of a cent — often less than $0.001. This makes BSV practical for everyday payments, micropayments, and high-volume applications. By comparison, BTC transactions can take minutes to hours during busy periods and cost several dollars in fees. BSV's design prioritises throughput and low cost as core features, not afterthoughts.

Question 10

Can I build applications on BSV?

Accepted Answer

Yes — BSV is designed with developers in mind. The protocol supports complex transaction scripts, large data payloads, and high transaction volumes. There are SDKs available in JavaScript, Python, Go, and other languages. sCrypt provides a TypeScript-based smart contract framework. The BSV Blockchain Association maintains developer documentation and runs hackathons. Our Resources page has links to the main developer tools and documentation.

Question 11

How does BSV compare to Ethereum?

Accepted Answer

Ethereum is a smart contract platform with its own programming language (Solidity) and a large DeFi and NFT ecosystem. BSV uses Bitcoin Script, which is simpler but still capable of complex logic. The key differences are fees and scale: Ethereum fees (gas) can be very high during busy periods, while BSV fees are consistently sub-cent. BSV also stores data directly on-chain more cheaply than Ethereum. They are designed for different things — Ethereum for complex programmable contracts, BSV for high-volume, low-cost payments and data.

Question 12

Why does BSV have a lower market cap than BTC?

Accepted Answer

Market cap reflects market sentiment, not necessarily technical merit. BTC has the largest network effect, the most institutional adoption, and the most media coverage — it is seen as digital gold and a store of value. BSV has a smaller community and less exchange support, partly due to controversy around its origins and partly because its focus on utility rather than speculation appeals to a different audience. Lower market cap does not mean lower technical capability — BSV can process far more transactions per second than BTC.

Question 13

Where is the BSV community?

Accepted Answer

The BSV community is spread across several platforms. TreeChat is a BSV-native social network that actually pays you in BSV for your posts. The BSV Association runs regular events and hackathons. You can also follow BSV news on CoinGeek, the leading BSV media outlet. If you have questions, Ask Satoshi is an AI assistant trained on BSV knowledge — you can find a link on our Resources page.

Question 14

Where can I learn more about BSV?

Accepted Answer

Our Resources page has a curated list of the best starting points — including the original Bitcoin white paper, developer documentation, wallets, and community platforms. Our Blog covers BSV topics in plain English for newcomers and experienced users alike. Our Watch page features video explainers including Why BSV Is the Real Bitcoin — Not BTC or BCH, which is a great place to start if you prefer video. The BSV Academy also offers structured courses for those who want to go deeper.

Question 15

Is True Bitcoin SV affiliated with the BSV Association or nChain?

Accepted Answer

No. True Bitcoin SV is an independent educational platform. We are not affiliated with, funded by, or endorsed by the BSV Association, nChain, CoinGeek, or any other BSV organisation. Our goal is simply to provide clear, honest information about Bitcoin SV for people who want to understand it. We have no financial stake in BSV beyond a genuine belief that it deserves a fair hearing.

Question 16

How accurate are the BSV conversion rates?

Accepted Answer

The rates are sourced live from MEXC (for the BSV/USD price) and Open Exchange Rates (for fiat currency pairs). They reflect real market prices and are as accurate as any exchange rate can be — prices fluctuate continuously, so there will always be a small difference between the displayed rate and the exact rate at the moment of any transaction. The converter is intended for reference and planning, not as a guarantee of any specific exchange rate. Always check the rate on your chosen exchange before transacting. You can explore the converter on our BSV Price Converter page.

Question 17

What currencies does the BSV converter support?

Accepted Answer

The converter supports 30 global fiat currencies, including USD, GBP, EUR, AUD, CAD, JPY, CNY, INR, BRL, ZAR, CHF, SEK, NOK, DKK, NZD, SGD, HKD, MXN, AED, SAR, KRW, TRY, PLN, THB, IDR, MYR, PHP, PKR, NGN, and EGP. You can convert BSV to any of these currencies, or enter a fiat amount to see how much BSV it would buy. Visit our BSV Price Converter page to try it.

Question 18

How often are BSV prices updated?

Accepted Answer

Prices on the BSV Price Converter page refresh automatically every 30 seconds. You can also tap the refresh button at any time to fetch the latest rate immediately. The 24-hour price change is calculated from the opening price of the current trading day, so it reflects genuine intraday movement rather than a fixed snapshot.

Question 19

Can I convert fiat currency into BSV as well as BSV into fiat?

Accepted Answer

Yes — the converter works in both directions. By default it shows how much a given amount of BSV is worth in your chosen currency, but you can tap the Swap button to flip it and enter a fiat amount to see how much BSV it would buy. This is useful if you want to know, for example, how much BSV you would receive for £50 or $100. Try it on our BSV Price Converter page.

Frequently Asked Questions

The Basics

Getting Started

Using BSV

BSV vs Other Blockchains

Community & Resources

Price & Conversion

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