How to Buy Social Lending Token (SLT)

A Step-by-Step-Guide on 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).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Social Lending Token (SLT) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you've chosen the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Social Lending Token (SLT)

As soon as your deposit has been verified, you'll instantly have access to your funds and you can launch buying and trading. To invest in Social Lending Token (SLT) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find Social Lending Token (SLT), you'll need to insert the shortname of the coin (SLT) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we have marked this too. Click on “SLT/BTC” to go ahead.

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

Once you have found Social Lending Token (SLT), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled with the most recent valuation Social Lending Token (SLT) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of SLT you like to purchase. The ”Total” field is the total price in Bitcoin that you will settle for the complete amount of SLT.

When you are satisfied, click on “Buy SLT”. Your order will be filled when a Vendor trades their SLT for the price you offered.

Step 5 – Withdraw Social Lending Token (SLT)

Unless you are trading, you should never keepyour crypto on an Crypto Exchange for an extensive period of time. To withdraw your Social Lending Token (SLT), go to the tab called “Funds” and click on “Withdraw”. Social Lending Token (SLT) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Social Lending Token (SLT) by using the provided drop-down box. Put into the volumen of Social Lending Token (SLT) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Binance Withdraw

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

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (SLT) Social Lending Token is safe within your wallet, you are all done.