How to Buy Siacoin (SC)

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.

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Siacoin (SC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate Siacoin (SC)

As soon as your deposit has been verified, you will directly have access to your funds and you can initiate purchasing and trading. To purchase Siacoin (SC) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”.

To locate Siacoin (SC), you'll need to put the short name of the asset (SC) into the search-box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've marked this too. Click on “SC/BTC” to advance.

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

After you've spotted Siacoin (SC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date valuation Siacoin (SC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of SC you want to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole quantity of SC.

When you are happy, click on “Buy SC”. Your order will be filled when a Vendor trades their SC for the price you submitted.

Step 5 – Withdraw Siacoin (SC)

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Siacoin (SC), go to the ”Funds” tab and click on “Withdraw”. Siacoin (SC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Siacoin (SC) by using the given drop-down box. Enter the quantity of Siacoin (SC) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you are satisfied, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and safed Siacoin (SC).

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (SC) Siacoin is safe in your wallet, you're all done.

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