How to Buy Social Lending Token (SLT)

Step 1 – Signup to Kraken

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

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Social Lending Token (SLT) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

Make sure you have chosen the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find Social Lending Token (SLT)

Once your deposit has been affirmed, you will directly have access to your finances and you can commence invest and trading. To purchase Social Lending Token (SLT) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To find Social Lending Token (SLT), you'll need to insert the shortname of the coin (SLT) into the search box, which is highlighted in the image. Be certain of having selected the proper pairing, we've highlighted this also. Click on “SLT/BTC” to continue.

Step 4 – Acquisition of Social Lending Token (SLT)

As soon as you've located Social Lending Token (SLT), you will be given 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 own Limit Order.

The ”Price” field will be automatically filled with the most recent valuation Social Lending Token (SLT) was traded for. This can be changed to your preferred price. The ”Amount” field is the volumen of SLT you want to buy. The ”Total” field is the total price in BTC that you will pay for the complete amount of SLT.

If you are happy, make a mouse click on “Buy SLT”. Your plan will be filled as soon as a Vender trades their SLT for the price you offered.

Step 5 – Withdraw Social Lending Token (SLT)

Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an extended time period. In order to take off your Social Lending Token (SLT), go to the ”Funds” tab and mouse click on “Withdraw”. Social Lending Token (SLT) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Social Lending Token (SLT) by using the given drop-down box. Drop in the volumen of Social Lending Token (SLT) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.