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 ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. sETH (SETH) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find sETH (SETH)

As soon as your deposit has been verified, you'll now have access to your assets and you can launch invest and trading. To invest in sETH (SETH) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to discover sETH (SETH), you will need to insert the short name of the asset (SETH) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “SETH/BTC” to continue.

Step 4 – Buying sETH (SETH)

Once you've located sETH (SETH), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most recent valuation sETH (SETH) was traded for. You can change this to your favoured price. The ”Amount” field is the amount of SETH you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of SETH.

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

Step 5 – Withdraw sETH (SETH)

Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time frame. To take off your sETH (SETH), go to the tab called “Funds” and click on “Withdraw”. sETH (SETH) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find sETH (SETH) by using the provided drop-down box. Put into the volumen of sETH (SETH) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.