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 – Transfer Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Siacoin (SC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find Siacoin (SC)

Once your deposit has been confirmed, you'll now have access to your assets and you can commence buying and trading. To invest in Siacoin (SC) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To locate Siacoin (SC), you'll need to insert the shortname of the coin (SC) into the search box, which is marked in the image. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “SC/BTC” to progress.

Step 4 – Buy Siacoin (SC)

After you have discovered Siacoin (SC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The ”Price” field will be filled automatically with the most latest rate Siacoin (SC) was traded for. You can change this to your desired rate. The ”Amount” field is the quantity of SC you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of SC.

If you are satisfied, make a mouse click on “Buy SC”. Your plan will be filled when a Vender sells their SC for the price you introduced.

Step 5 – Withdraw Siacoin (SC)

Unless you're frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time frame. In order to withdraw your Siacoin (SC), hover over the tab called “Funds” and mouse click on “Withdraw”. Siacoin (SC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Siacoin (SC) by using the provided drop-down box. Put into the volumen of Siacoin (SC) you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.