How to Buy Siacoin (SC)

A Step-by-Step-Guide on how to buy Siacoin (SC)

Step 1 – Signup to CEX.io

You'll first need to purchase one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Siacoin (SC) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've chosen the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find (SC) Siacoin

As soon as your deposit has been approved, you will instantly have access to your finances and you can initiate invest and trading. To buy (SC) Siacoin on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to discover (SC) Siacoin, you will need to insert the shortname of the coin (SC) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we have marked this also. Click on “SC/BTC” to proceed.

Binance Hot To Buy Siacoin (SC)
Binance How to Buy (SC) Siacoin
Step 4 – Purchase Siacoin (SC)

After you've discovered Siacoin (SC), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The ”Price” field will be filled with the up-to-date valuation Siacoin (SC) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of SC you want to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete quantity of SC.

If you are glad, click on “Buy SC”. Your order will be filled as soon as a Vender trades their SC for the price you gave.

Step 5 – Withdraw (SC) Siacoin

Unless you're frequently trading, never keep your crypto on an Exchange for an extensive period of time. In order to take off your (SC) Siacoin, hover over the tab called “Funds” and mouse click on “Withdraw”. (SC) Siacoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (SC) Siacoin by using the given drop-down box. Drop in the volumen of (SC) Siacoin you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

When you're satisfied, click “Submit”. You could be requested for phone/email verification ahead of a take off.

Binance Withdraw

Congrats! You've successfully bought and stored Siacoin (SC).

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your take off with Etherscan.io or Ethplorer.io and the Siacoin (SC) is safe inside your wallet, you're finished.