A Step-by-Step-Guide on how to buy Sierracoin (SIERRA)
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive Funds.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Sierracoin (SIERRA) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the precise 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 working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (SIERRA) Sierracoin Once your deposit has been verified, you'll now have access to your finances and you can start purchasing and trading. To buy (SIERRA) Sierracoin on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate (SIERRA) Sierracoin, you'll need to put the cointype (SIERRA) into the search box, which is marked in the graphic. Make sure you have choosen the right pairing, we have marked this too. Click on “SIERRA/BTC” to progress.
Step 4 – Buying Sierracoin (SIERRA) After you have located Sierracoin (SIERRA), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest price Sierracoin (SIERRA) was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of SIERRA you wish to buy. The ”Total” field is the whole price in BTC that you'll settle for the complete volumen of SIERRA. If you're happy, make a mouse click on “Buy SIERRA”. Your plan will be filled as soon as a Vendor trades their SIERRA for the price you introduced.
Step 5 – Withdraw (SIERRA) Sierracoin Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an longer time period. To take off your (SIERRA) Sierracoin, go to the ”Funds” tab and mouse click on “Withdraw”. (SIERRA) Sierracoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (SIERRA) Sierracoin by using the provided drop-down box. Drop in the volumen of (SIERRA) Sierracoin you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. If you're happy, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.