A Step-by-Step-Guide on how to buy smol (SMOL)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get Funds.
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. smol (SMOL) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find smol (SMOL) As soon as your deposit has been verified, you will now have access to your assets and you can start purchasing and trading. To buy smol (SMOL) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to find smol (SMOL), you will need to insert the cointype (SMOL) into the search-box, which is marked in the image. Be certain of having choosen the proper pairing, we've marked this also. Click on “SMOL/BTC” to progress.
Step 4 – Buying smol (SMOL) As soon as you have located smol (SMOL), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to make our Limit Order. The ”Price” field will be filled automatically with the up-to-date valuation smol (SMOL) was sold for. You can change this to your preferred rate. The ”Amount” field is the volumen of SMOL you wish to buy. The ”Total” field is the whole price in BTC that you'll pay for the whole volumen of SMOL. When you are happy, make a mouse click on “Buy SMOL”. Your order will be filled as soon as a Seller sells their SMOL for the price you introduced.
Step 5 – Withdraw smol (SMOL) Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. In order to withdraw your smol (SMOL), hover over the ”Funds” tab and click on “Withdraw”. smol (SMOL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate smol (SMOL) by using the given drop-down box. Put into the quantity of smol (SMOL) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You may be requested for verfication via email/phone ahead of a take off.