A Step-by-Step-Guide on how to buy sBTC (SBTC)
Step 1 – Signup to CEX.io You will first need to buy units of the bigger coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. sBTC (SBTC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find sBTC (SBTC) As soon as your deposit has been affirmed, you'll now have access to your assets and you can start invest and trading. To invest in sBTC (SBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To discover sBTC (SBTC), you'll need to put the short name of the asset (SBTC) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've marked this also. Click on “SBTC/BTC” to progress.
Step 4 – Acquisition of (SBTC) sBTC Once you have found (SBTC) sBTC, you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the latest rate (SBTC) sBTC was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of SBTC you like to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete amount of SBTC. If you're glad, make a mouse click on “Buy SBTC”. Your plan will be filled when a Vender trades their SBTC for the price you introduced.
Step 5 – Withdraw (SBTC) sBTC Unless you're trading, best advise is not to keep your crypto on an Exchange for an longer time period. To take off your (SBTC) sBTC, go to the tab called “Funds” and mouse click on “Withdraw”. (SBTC) sBTC can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SBTC) sBTC by using the given drop-down box. Enter the amount of (SBTC) sBTC you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.