How to Buy Skycoin (SKY)

A Step-by-Step-Guide on how to buy Skycoin (SKY)

Step 1 – Join Kraken

You will first need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transmit Your Funds to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Skycoin (SKY) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find Skycoin (SKY)

Once your deposit has been verified, you will directly have access to your finances and you can commence purchasing and trading. To purchase Skycoin (SKY) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To locate Skycoin (SKY), you will need to insert the cointype (SKY) into the search box, which is marked in the picture. Be certain of having selected the right grouping, we have highlighted this also. Click on “SKY/BTC” to advance.

Binance Hot To Buy Skycoin (SKY)
Binance How to Buy (SKY) Skycoin
Step 4 – Acquisition of Skycoin (SKY)

As soon as you've located Skycoin (SKY), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The ”Price” field will be filled with the most recent valuation Skycoin (SKY) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of SKY you like to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the complete volumen of SKY.

When you are glad, make a mouse click on “Buy SKY”. Your order will be filled as soon as a Seller sells their SKY for the price you gave.

Step 5 – Withdraw Skycoin (SKY)

Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. In order to withdraw your Skycoin (SKY), hover over the tab called “Funds” and mouse click on “Withdraw”. Skycoin (SKY) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Skycoin (SKY) by using the provided drop-down box. Put into the volumen of Skycoin (SKY) you'd like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

If you're satisfied, click “Submit”. You may be asked for verfication via email/phone before a take off.

Binance Withdraw

Kudos! You've successfully purchased and safed Skycoin (SKY).

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the (SKY) Skycoin is stored in your wallet, you are done.

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