How to Buy SakeToken (SAKE)

A Step-by-Step-Guide on how to buy SakeToken (SAKE)

Step 1 – Join CEX.io

In the beginning you'll need to purchase units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. SakeToken (SAKE) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).

Step 3 – Locate SakeToken (SAKE)

Once your deposit has been approved, you'll instantly have access to your assets and you can start invest and trading. To purchase SakeToken (SAKE) on Binance, you'll want to hover over the ”Exchange” tab and click on “Basic”.

To spot SakeToken (SAKE), you'll need to put the cointype (SAKE) into the search-box, which is marked in the image. Be certain of having choosen the proper grouping, we've marked this also. Click on “SAKE/BTC” to advance.

Binance Hot To Buy SakeToken (SAKE)
Binance How to Buy (SAKE) SakeToken
Step 4 – Buy SakeToken (SAKE)

As soon as you have located SakeToken (SAKE), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent tariff SakeToken (SAKE) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of SAKE you wish to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole volumen of SAKE.

If you're glad, click on “Buy SAKE”. Your plan will be filled when a Vender sells their SAKE for the price you submitted.

Step 5 – Withdraw (SAKE) SakeToken

Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time frame. To take off your (SAKE) SakeToken, go to the ”Funds” tab and mouse click on “Withdraw”. (SAKE) SakeToken can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SAKE) SakeToken by using the provided drop-down box. Drop in the volumen of (SAKE) SakeToken you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address.

When you're satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Binance Withdraw

Congratulations! You have successfully bought and stored SakeToken (SAKE).

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the SakeToken (SAKE) is stored in your wallet, you're done.