How to Buy ShipChain (SHIP)

A Step-by-Step-Guide on how to buy ShipChain (SHIP)

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get Bitcoin or Ethereum.

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. ShipChain (SHIP) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find ShipChain (SHIP)

Once your deposit has been approved, you will directly have access to your funds and you can initiate invest and trading. To purchase ShipChain (SHIP) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To locate ShipChain (SHIP), you will need to put the short name of the asset (SHIP) into the search box, which is marked in the picture. Be certain of having choosen the proper pairing, we have marked this too. Click on “SHIP/BTC” to go on.

Binance Hot To Buy ShipChain (SHIP)
Binance How to Buy (SHIP) ShipChain
Step 4 – Buy ShipChain (SHIP)

After you have spotted ShipChain (SHIP), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the recent price ShipChain (SHIP) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of SHIP you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of SHIP.

If you're happy, make a mouse click on “Buy SHIP”. Your plan will be filled as soon as a Vender sells their SHIP for the price you gave.

Step 5 – Withdraw ShipChain (SHIP)

Unless you're regularly trading, never keep your crypto on an Crypto Exchange for an longer time period. In order to take off your ShipChain (SHIP), go to the ”Funds” tab and mouse click on “Withdraw”. ShipChain (SHIP) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate ShipChain (SHIP) by using the provided drop-down box. Enter the quantity of ShipChain (SHIP) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Congrats! You've successfully bought and stored ShipChain (SHIP).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (SHIP) ShipChain is safe within your wallet, you are done.

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