A Step-by-Step-Guide on how to buy SLT (SLT)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. SLT (SLT) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate SLT (SLT) As soon as your deposit has been approved, you'll now have access to your assets and you can initiate invest and trading. To purchase SLT (SLT) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate SLT (SLT), you'll need to put the shortname of the coin (SLT) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “SLT/BTC” to go ahead.
Step 4 – Buying SLT (SLT) After you've found SLT (SLT), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent tariff SLT (SLT) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of SLT you wish to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole amount of SLT. When you're satisfied, click on “Buy SLT”. Your order will be filled as soon as a Seller trades their SLT for the price you submitted.
Step 5 – Withdraw SLT (SLT) Unless you're regularly trading, never keep your coins on an Crypto Exchange for an extensive time period. To take off your SLT (SLT), hover over the ”Funds” tab and click on “Withdraw”. SLT (SLT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find SLT (SLT) by using the given drop-down box. Put into the quantity of SLT (SLT) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.