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 – Send Your Funds to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. sBTC (SBTC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate sBTC (SBTC) Once your deposit has been confirmed, you will instantly have access to your funds and you can begin invest and trading. To buy sBTC (SBTC) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To discover sBTC (SBTC), you will need to put the short name of the asset (SBTC) into the search box, which is marked in the image. Make sure you have selected the right grouping, we have marked this too. Click on “SBTC/BTC” to go on.
Step 4 – Purchasing sBTC (SBTC) After you have found sBTC (SBTC), you will be given a Price Chart (in the Center of the image) 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 recent tariff sBTC (SBTC) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of SBTC you want to purchase. The ”Total” field is the total price in BTC that you will settle for the whole amount of SBTC. When you are satisfied, make a mouse click on “Buy SBTC”. Your order will be filled as soon as a Vender trades their SBTC for the price you gave.
Step 5 – Withdraw sBTC (SBTC) Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an extended period of time. To withdraw your sBTC (SBTC), hover over the ”Funds” tab and mouse click on “Withdraw”. sBTC (SBTC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate sBTC (SBTC) by using the given drop-down box. Enter the volumen of sBTC (SBTC) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a withdrawal.