A Step-by-Step-Guide on how to buy Skychain (SKCH)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your first 10 Dollar.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Skychain (SKCH) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate Skychain (SKCH) As soon as your deposit has been approved, you will directly have access to your funds and you can initiate purchasing and trading. To purchase Skychain (SKCH) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to locate Skychain (SKCH), you will need to put the short name of the asset (SKCH) into the search box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this also. Click on “SKCH/BTC” to advance.
Step 4 – Purchase (SKCH) Skychain After you've spotted (SKCH) Skychain, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be filled with the most up-to-date price (SKCH) Skychain was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of SKCH you wish to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the whole volumen of SKCH. When you are happy, click on “Buy SKCH”. Your plan will be filled as soon as a Vender trades their SKCH for the price you offered.
Step 5 – Withdraw (SKCH) Skychain Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your (SKCH) Skychain, go to the tab called “Funds” and click on “Withdraw”. (SKCH) Skychain can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SKCH) Skychain by using the given drop-down box. Enter the volumen of (SKCH) Skychain you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.