How to Buy sBTC (SBTC)

A Step-by-Step-Guide on how to buy sBTC (SBTC)

Step 1 – Signup to Kraken

You'll first need to buy one of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and receive Ethereum or Bitcoin.

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. sBTC (SBTC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you have selected the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find sBTC (SBTC)

Once your deposit has been affirmed, you will now have access to your assets and you can begin buying and trading. To purchase sBTC (SBTC) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To locate sBTC (SBTC), you'll need to insert the shortname of the coin (SBTC) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we have marked this too. Click on “SBTC/BTC” to proceed.

Binance Hot To Buy sBTC (SBTC)
Binance How to Buy (SBTC) sBTC
Step 4 – Buying sBTC (SBTC)

As soon as you have located sBTC (SBTC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent tariff sBTC (SBTC) was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of SBTC you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete amount of SBTC.

If you are satisfied, click on “Buy SBTC”. Your plan will be filled as soon as a Vendor trades their SBTC for the price you introduced.

Step 5 – Withdraw sBTC (SBTC)

Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your sBTC (SBTC), go to the tab called “Funds” and click on “Withdraw”. sBTC (SBTC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate sBTC (SBTC) by using the provided drop-down box. Put into the quantity of sBTC (SBTC) you'd wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you're happy, click on “Submit”. You could be asked for email/phone verification ahead of a take off.

Binance Withdraw

Congratulations! You've successfully purchased and stored sBTC (SBTC).

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (SBTC) sBTC is safe in your wallet, you're done.

Some other Guides on How to buy Coins

How to Buy iCEX
How to Buy LimitSwap
How to Buy Coins
/* */ Generated by MPG