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 – Transfer Your Ethereum or Bitcoin to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Siacoin (SC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Siacoin (SC) As soon as your deposit has been affirmed, you'll directly have access to your funds and you can start buying and trading. To purchase Siacoin (SC) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to discover Siacoin (SC), you'll need to put the short name of the asset (SC) into the search-box, which is marked in the graphic. Be certain of having choosen the proper pairing, we've marked this too. Click on “SC/BTC” to go on.
Step 4 – Purchase Siacoin (SC) Once you have found Siacoin (SC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation Siacoin (SC) was traded for. You can change this to your desired price. The field with the “Amount” tag is the quantity of SC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete quantity of SC. When you are satisfied, click on “Buy SC”. Your order will be filled as soon as a Vendor sells their SC for the price you gave.
Step 5 – Withdraw Siacoin (SC) Unless you're regularly trading, never keep your crypto on an Crypto Trader for an extended time frame. To withdraw your Siacoin (SC), hover over the ”Funds” tab and click on “Withdraw”. Siacoin (SC) can be stored securely 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'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.