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.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader 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 will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find sBTC (SBTC) Once your deposit has been verified, you'll now have access to your finances and you can begin purchasing and trading. To purchase sBTC (SBTC) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate sBTC (SBTC), you'll need to put the short name of the asset (SBTC) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've marked this too. Click on “SBTC/BTC” to continue.
Step 4 – Buy sBTC (SBTC) As soon as you have spotted sBTC (SBTC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent rate sBTC (SBTC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of SBTC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole amount of SBTC. When you're glad, click on “Buy SBTC”. Your plan will be filled when a Vender trades their SBTC for the price you submitted.
Step 5 – Withdraw sBTC (SBTC) Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an extended period of time. To take off your sBTC (SBTC), hover over the tab called “Funds” and click on “Withdraw”. sBTC (SBTC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find sBTC (SBTC) by using the given drop-down box. Enter the quantity of sBTC (SBTC) you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.