Over the years, Bitcoin supporters have expressed their discontent with how the original cryptocurrency vision has changed in their eyes. Satoshi Nakamoto wanted BTC to become a true peer-to-peer payment network, for users’ daily transactions.
However, due to some scaling limitations, this never managed to be the case. Bitcoin’s network cannot accommodate mass transactions due to its purposeful slow consensus mechanism. As a result, BTC has become a store-of-value asset that hodlers are reluctant to spend due to its deflationary potential.
Consequently, we’ve seen forks of the original protocol like BCH and BSV that attempt to realign with the Bitcoin creator’s original vision. In this article, we take a deeper dive into BSV and provide you with three great solutions to convert BSV to BTC securely and privately.
What Do We Know About BSV?
Bitcoin Satoshi Vision (BSV) is a result of a fork from the Bitcoin Cash (BCH) cryptocurrency. Bitcoin Cash is itself a fork of the original Bitcoin cryptocurrency and was created to rebuild the core ideas of Bitcoin.
However, Craig Wright, the alleged creator of BTC, was not happy with the direction BCH was taking. So, following the “block wars,” he forked the BCH code to create BSV, intending to provide users with a scalable payment platform.
To achieve this, BSV removed the block size limit of the Bitcoin protocol and enabled Script commands. This resulted in a capability of thousands of transactions per second. Additionally, the transaction fees remain low, which allows users to use BSV for daily payments.
Top 3 BSV to BTC Exchange Platforms
That said, BTC remains the stronger asset in this day and age. While BSV might be interesting as a payment network, Bitcoin has much more upside potential. To help you find the best way to exchange BSV for BTC, we singled out three anonymous platforms.
Godex is a privacy-focused crypto platform that allows users to exchange as much crypto as they like without restrictions. The platform is available as a mobile app and through web access, which makes it easy to use on the go. Godex provides users with a simplified way to make their transactions, always at a fixed rate.
This is very handy, as users will always get the amount of crypto that they paid for, regardless, of market volatility. And did we mention it is completely anonymous? You don’t need to register to access its services — simply choose the cryptos you wish to swap and provide a destination address.
It also lists less-known cryptocurrencies such as XYO. You can take a look at its price action here: https://godex.io/blog/xyo-price-prediction-will-xyo-reach-1
As its name suggests, SimplSwap is a crypto-swapping platform that focuses on simplicity. It achieves this through a streamlined interface, making it easy to approach for beginners. The exchange has its proprietary token SWAP that can be used for purchasing cashback subscriptions.
Initially a non-custodial desktop and mobile wallet service, Atomic Wallet has increased the number of features they offer over the years. This popular app now integrates a token swap within its application, making it easy for users to exchange between the thousands of cryptocurrencies it supports.
Is It the Right Time to Exchange BSV for BTC?
While BSV has a niche community, it comes nowhere near the popularity of Bitcoin. Many Bitcoin supporters even consider it to be a huge cashgrab orchestrated by the controversial Craig Wright. While BSV has some potential for an upside in the next bull market, the fact is that many other payment networks offer better fundamentals.
Consequently, you can’t go wrong with exchanging BSV for BTC now. Even more so, if we take into consideration the latest macroeconomic news about bank failures and possible hyperinflation of the USD. A lot of investors are shifting their capital into Bitcoin, which could give the price a huge push to the upside in the following months.