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 Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. sBTC (SBTC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate sBTC (SBTC) As soon as your deposit has been confirmed, you will directly have access to your funds and you can launch invest and trading. To buy sBTC (SBTC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To spot sBTC (SBTC), you'll need to put the shortname of the coin (SBTC) into the search box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this too. Click on “SBTC/BTC” to go ahead.
Step 4 – Purchasing sBTC (SBTC) After you have discovered sBTC (SBTC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order. The ”Price” field will be filled with the most latest valuation sBTC (SBTC) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of SBTC you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete volumen of SBTC. When you are satisfied, make a mouse click on “Buy SBTC”. Your order will be filled as soon as a Seller trades their SBTC for the price you introduced.
Step 5 – Withdraw sBTC (SBTC) Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Trader for an longer period of time. To take off your sBTC (SBTC), hover over the ”Funds” tab and 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. Put into the quantity of sBTC (SBTC) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are satisfied, click on “Submit”. You may be requested for email/phone verification before a take off.