How to Buy SIBCoin (SIB)

A Step-by-Step-Guide on how to buy SIBCoin (SIB)

Step 1 – Signup to Kraken

You'll first need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and to get BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. SIBCoin (SIB) is accessible on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate SIBCoin (SIB)

As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can initiate purchasing and trading. To invest in SIBCoin (SIB) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

In order to spot SIBCoin (SIB), you'll need to insert the shortname of the coin (SIB) into the search box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've marked this also. Click on “SIB/BTC” to go on.

Binance Hot To Buy SIBCoin (SIB)
Binance How to Buy (SIB) SIBCoin
Step 4 – Acquisition of SIBCoin (SIB)

Once you've found SIBCoin (SIB), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to create our own Limit Order.

The ”Price” field will be filled with the most up-to-date tariff SIBCoin (SIB) was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of SIB you want to buy. The ”Total” field is the whole price in BTC that you'll pay for the complete volumen of SIB.

If you are happy, click on “Buy SIB”. Your plan will be filled as soon as a Vendor sells their SIB for the price you introduced.

Step 5 – Withdraw SIBCoin (SIB)

Unless you are frequently trading, never keep your crypto coins on an Exchange for an extended period of time. In order to withdraw your SIBCoin (SIB), hover over the ”Funds” tab and click on “Withdraw”. SIBCoin (SIB) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate SIBCoin (SIB) by using the given drop-down box. Drop in the volumen of SIBCoin (SIB) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Binance Withdraw

Congrats! You have successfully purchased and stored SIBCoin (SIB).

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the (SIB) SIBCoin is stored within your wallet, you're done.

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