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 – {Send} Your {Funds} to an {Exchange}

Your {Ethereum (ETH) or Bitcoin (BTC)} {has} to be sent over to an {Exchange} now. {Every exchange has} a deposit form that is {alike}. Skycoin (SKY) is {accessible} on Binance, so {we will} use that as an {sample}. {Not sure} on how to send {Coinbase funds} to an {Exchange}? ({Just follow} {this how-to})

Make sure {you have} {chosen} the {precise} coin you {would like} to deposit.

{Bitcoin} must be sent to a {BTC} deposit address, {Ethereum} to an {ETH} deposit address, {et cetera}. {If} {you're} {using} a decentralized exchange, {like} Airswap or DDEX could be {unlike} ({Just follow} {our how-to}).

Step 3 – {Find} Skycoin (SKY)

{As soon as} your deposit has been {affirmed}, {you'll} {immediately} have access to your {funds} and you can {initiate} {purchasing} and trading. To {invest in} Skycoin (SKY) on Binance, {you'll} want to {go to} the {tab which is called “Exchange”} and{ then} {click} on “Basic”.

{To} {spot} Skycoin (SKY), {you will} need to {put} the {cointype} (SKY) into the {search box}, which is {highlighted} in the {picture}. {Make sure you have} {choosen} the {right} {grouping}, {we've} {marked} this {also}. Click on “SKY/BTC” to {continue}.

Binance Hot To Buy Skycoin (SKY)
Binance How to Buy (SKY) Skycoin
Step 4 – {Purchasing} Skycoin (SKY)

{As soon as} {you have} {located} Skycoin (SKY), {you will} be {presented with} a {Price Chart} (in the Center of the {picture}) and {some} Order Books ({Leftside} of the {image}). {And now} {we're} {going to make} our{} Limit Order.

The {”Price” field} will be {filled} with the{ most} {up-to-date} {tariff} Skycoin (SKY) was {sold} for. {This can be changed} to your {favoured} {price}. The {field with the “Amount” tag} is the {quantity} of SKY you {like} to {buy}. The {field with the “Total” tag} is the {total} price in {BTC} that {you will} {pay} for the {whole} {quantity} of SKY.

{If} {you're} {satisfied}, {make a mouse click} on “Buy SKY”. Your {plan} will be filled {as soon as} a {Seller} {sells} their SKY for the price you {submitted}.

Step 5 – Withdraw Skycoin (SKY)

Unless {you are}{} trading, {best advise is not to keep} {crypto} on an {Cryptocurrency Exchange} for an {longer} {time period}. {In order to} {withdraw} your Skycoin (SKY), {go to} the {tab called “Funds”} and {mouse click} on “Withdraw”. Skycoin (SKY) can be {stored safely} using a Wallet, {for example} MyEtherWallet. (MyEtherWallet Setup Guide)

{Find} Skycoin (SKY) by using the {given} drop-down box. {Drop in} the {amount} of Skycoin (SKY) {you would} {like} to {take off}. {Take into account} the {presented} {fees/minimums}. Also make sure you have {filled} your {precise} withdraw address.

{If} {you're} {glad}, {make a mouse click on} “Submit”. You {could} be {requested} for {verfication via phone/email} {ahead of} a {withdrawal}.

Binance Withdraw

{Congrats}! {You have} successfully {bought} and {stored} Skycoin (SKY).

That's it!

{Withdrawals} from {Exchange} can {durate} {anywhere from} 1 – 30 minutes ({depending} on {usage of the network}). {As soon as} {you have} {proved} your {withdrawal} {with} {Ethplorer.io or Etherscan.io} and the (SKY) Skycoin is {safe} {inside} your wallet, {you're} {all done}.

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