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 – Transmit Your Funds to an Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. sETH (SETH) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) 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, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find sETH (SETH) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can commence purchasing and trading. To buy sETH (SETH) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. To spot sETH (SETH), you will need to insert the cointype (SETH) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we have highlighted this too. Click on “SETH/BTC” to progress.
Step 4 – Purchase sETH (SETH) Once you have located sETH (SETH), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled with the most latest rate sETH (SETH) was sold for. This can be changed to your desired rate. The ”Amount” field is the amount of SETH you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete amount of SETH. If you are happy, make a mouse click on “Buy SETH”. Your order will be filled as soon as a Vender trades their SETH for the price you gave.
Step 5 – Withdraw sETH (SETH) Unless you're regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your sETH (SETH), hover over the ”Funds” tab and click on “Withdraw”. sETH (SETH) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find sETH (SETH) by using the provided drop-down box. Enter the quantity of sETH (SETH) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your right withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.