A Step-by-Step-Guide on how to buy Siacoin (SC)
Step 1 – Join Coinbase and recieve 10$ for free In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive your first 10 Dollar.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. 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? (Just follow this how-to) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Siacoin (SC) As soon as your deposit has been affirmed, you will directly have access to your assets and you can start buying and trading. To purchase Siacoin (SC) on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to discover Siacoin (SC), you will need to put the cointype (SC) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “SC/BTC” to advance.
Step 4 – Acquisition of Siacoin (SC) After you've found Siacoin (SC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent rate Siacoin (SC) was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of SC you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete volumen of SC. When you're happy, make a mouse click on “Buy SC”. Your order will be filled when a Vender trades their SC for the price you submitted.
Step 5 – Withdraw (SC) Siacoin Unless you are regularly trading, never keep your crypto on an Crypto Exchange for an longer period of time. To withdraw your (SC) Siacoin, hover over the ”Funds” tab and mouse click on “Withdraw”. (SC) Siacoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SC) Siacoin by using the given drop-down box. Drop in the volumen of (SC) Siacoin you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. When you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.