A Step-by-Step-Guide on how to buy Smileycoin (SMLY)
Step 1 – Signup to Kraken You will first need to buy one of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Smileycoin (SMLY) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Smileycoin (SMLY) As soon as your deposit has been approved, you'll now have access to your assets and you can initiate invest and trading. To invest in Smileycoin (SMLY) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to locate Smileycoin (SMLY), you'll need to insert the shortname of the coin (SMLY) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we've highlighted this too. Click on “SMLY/BTC” to continue.
Step 4 – Purchase Smileycoin (SMLY) As soon as you've found Smileycoin (SMLY), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're creating our Limit Order. The ”Price” field will be filled with the most latest tariff Smileycoin (SMLY) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of SMLY you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of SMLY. If you are glad, click on “Buy SMLY”. Your plan will be filled when a Vender trades their SMLY for the price you introduced.
Step 5 – Withdraw Smileycoin (SMLY) Unless you are frequently trading, best advise is not to keep crypto on an Exchange for an extended period of time. To withdraw your Smileycoin (SMLY), go to the tab called “Funds” and mouse click on “Withdraw”. Smileycoin (SMLY) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Smileycoin (SMLY) by using the provided drop-down box. Enter the amount of Smileycoin (SMLY) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.