A Step-by-Step-Guide on how to buy sETH (SETH)
Step 1 – Signup to Kraken In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. sETH (SETH) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate sETH (SETH) As soon as your deposit has been verified, you will directly have access to your finances and you can initiate purchasing and trading. To purchase sETH (SETH) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To find sETH (SETH), you will need to insert the shortname of the coin (SETH) into the search-box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have highlighted this too. Click on “SETH/BTC” to proceed.
Step 4 – Buying sETH (SETH) Once you have located sETH (SETH), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our Limit Order. The ”Price” field will be filled with the up-to-date rate sETH (SETH) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of SETH you like to purchase. The ”Total” field is the total price in BTC that you'll settle for the complete amount of SETH. If you're happy, make a mouse click on “Buy SETH”. Your order will be filled when a Vendor trades their SETH for the price you offered.
Step 5 – Withdraw sETH (SETH) Unless you're regularly trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. To take off your sETH (SETH), hover over the tab called “Funds” and click on “Withdraw”. sETH (SETH) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find sETH (SETH) by using the provided drop-down box. Enter the amount of sETH (SETH) you would wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You may be asked for phone/email verification before a take off.