How to Buy Social Lending Token (SLT)

A Step-by-Step-Guide on how to buy Social Lending Token (SLT)

Step 1 – Signup to CEX.io

You'll first need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Social Lending Token (SLT) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find Social Lending Token (SLT)

As soon as your deposit has been approved, you'll now have access to your funds and you can begin purchasing and trading. To buy Social Lending Token (SLT) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to discover Social Lending Token (SLT), you'll need to put the short name of the asset (SLT) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we have marked this also. Click on “SLT/BTC” to proceed.

Binance Hot To Buy Social Lending Token (SLT)
Binance How to Buy (SLT) Social Lending Token
Step 4 – Purchasing Social Lending Token (SLT)

Once you've found Social Lending Token (SLT), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the recent valuation Social Lending Token (SLT) was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of SLT you wish to buy. The ”Total” field is the whole price in BTC that you'll pay for the complete volumen of SLT.

When you're glad, click on “Buy SLT”. Your order will be filled as soon as a Vendor sells their SLT for the price you gave.

Step 5 – Withdraw (SLT) Social Lending Token

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extensive time frame. In order to take off your (SLT) Social Lending Token, hover over the tab called “Funds” and click on “Withdraw”. (SLT) Social Lending Token can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SLT) Social Lending Token by using the given drop-down box. Drop in the amount of (SLT) Social Lending Token you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Binance Withdraw

Congratulations! You have successfully bought and safed (SLT) Social Lending Token.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the (SLT) Social Lending Token is stored inside your wallet, you're done.