A Step-by-Step-Guide on how to buy Sierracoin (SIERRA)
Step 1 – Signup to Kraken You will first need to purchase one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and to get Bitcoin or Ethereum.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Sierracoin (SIERRA) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find Sierracoin (SIERRA) Once your deposit has been approved, you'll directly have access to your funds and you can commence purchasing and trading. To purchase Sierracoin (SIERRA) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. In order to find Sierracoin (SIERRA), you'll need to insert the cointype (SIERRA) into the search box, which is highlighted in the image. Be certain of having choosen the right grouping, we have highlighted this also. Click on “SIERRA/BTC” to go on.
Step 4 – Purchase Sierracoin (SIERRA) After you have found Sierracoin (SIERRA), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our Limit Order. The field with the “Price” tag will be filled with the latest tariff Sierracoin (SIERRA) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of SIERRA you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of SIERRA. When you're satisfied, make a mouse click on “Buy SIERRA”. Your plan will be filled as soon as a Vender trades their SIERRA for the price you offered.
Step 5 – Withdraw Sierracoin (SIERRA) Unless you're trading, never keep your crypto coins on an Exchange for an extensive time frame. In order to take off your Sierracoin (SIERRA), hover over the ”Funds” tab and click on “Withdraw”. Sierracoin (SIERRA) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Sierracoin (SIERRA) by using the given drop-down box. Put into the volumen of Sierracoin (SIERRA) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.