A Step-by-Step-Guide on how to buy Siacoin (SC)
Step 1 – Signup to Kraken You will first need to buy units of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and getting Funds.
Step 2 – Send Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Siacoin (SC) 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 Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Siacoin (SC) Once your deposit has been confirmed, you'll immediately have access to your funds and you can initiate invest and trading. To purchase Siacoin (SC) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. To discover Siacoin (SC), you will need to put the short name of the asset (SC) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we have marked this too. Click on “SC/BTC” to go ahead.
Step 4 – Purchase Siacoin (SC) After you have located Siacoin (SC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date valuation Siacoin (SC) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of SC you like to buy. The ”Total” field is the total price in BTC that you'll settle for the whole quantity of SC. If you're satisfied, click on “Buy SC”. Your plan will be filled when a Seller trades their SC for the price you submitted.
Step 5 – Withdraw Siacoin (SC) Unless you are frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your Siacoin (SC), hover over the ”Funds” tab and click on “Withdraw”. Siacoin (SC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Siacoin (SC) by using the given drop-down box. Put into the volumen of Siacoin (SC) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.