How to Buy SilkChain (SILK)

A Step-by-Step-Guide on how to buy SilkChain (SILK)

Step 1 – Signup to Coinbase – Get Free $10

You'll first need to buy units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and getting your first 10 Dollar.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. SilkChain (SILK) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate SilkChain (SILK)

As soon as your deposit has been approved, you will now have access to your assets and you can commence invest and trading. To buy SilkChain (SILK) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

To spot SilkChain (SILK), you will need to insert the shortname of the coin (SILK) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we've highlighted this also. Click on “SILK/BTC” to go on.

Binance Hot To Buy SilkChain (SILK)
Binance How to Buy (SILK) SilkChain
Step 4 – Buying (SILK) SilkChain

After you have discovered (SILK) SilkChain, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent price (SILK) SilkChain was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of SILK you wish to purchase. The ”Total” field is the total price in BTC that you will pay for the complete amount of SILK.

If you are happy, click on “Buy SILK”. Your order will be filled when a Vendor sells their SILK for the price you offered.

Step 5 – Withdraw (SILK) SilkChain

Unless you are trading, best advise is not to keep crypto on an Exchange for an longer time period. In order to withdraw your (SILK) SilkChain, hover over the tab called “Funds” and click on “Withdraw”. (SILK) SilkChain can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SILK) SilkChain by using the provided drop-down box. Put into the volumen of (SILK) SilkChain you'd like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

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

Binance Withdraw

Congratulations! You've successfully bought and safed (SILK) SilkChain.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (SILK) SilkChain is safe within your wallet, you are all done.