A Step-by-Step-Guide on how to buy SiamBitcoin (SBTC)
Step 1 – Join Kraken You will first need to buy one of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. SiamBitcoin (SBTC) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate SiamBitcoin (SBTC) As soon as your deposit has been approved, you'll now have access to your assets and you can initiate purchasing and trading. To buy SiamBitcoin (SBTC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover SiamBitcoin (SBTC), you'll need to insert the shortname of the coin (SBTC) into the search box, which is highlighted in the image. Be certain of having selected the correct grouping, we have highlighted this too. Click on “SBTC/BTC” to go on.
Step 4 – Purchase SiamBitcoin (SBTC) As soon as you've found SiamBitcoin (SBTC), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our own Limit Order. The ”Price” field will be filled automatically with the most recent price SiamBitcoin (SBTC) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of SBTC you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole amount of SBTC. When you're happy, make a mouse click on “Buy SBTC”. Your order will be filled as soon as a Seller sells their SBTC for the price you gave.
Step 5 – Withdraw SiamBitcoin (SBTC) Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. To take off your SiamBitcoin (SBTC), hover over the ”Funds” tab and click on “Withdraw”. SiamBitcoin (SBTC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate SiamBitcoin (SBTC) by using the provided drop-down box. Enter the amount of SiamBitcoin (SBTC) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, click on “Submit”. You could be asked for phone/email verification before a withdrawal.