How to Buy Soma (SCT)

A Step-by-Step-Guide on how to buy Soma (SCT)

Step 1 – Join Kraken

You'll first need to buy units of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Soma (SCT) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Locate Soma (SCT)

Once your deposit has been approved, you'll directly have access to your finances and you can begin buying and trading. To invest in Soma (SCT) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

In order to find Soma (SCT), you'll need to insert the short name of the asset (SCT) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this also. Click on “SCT/BTC” to go on.

Binance Hot To Buy Soma (SCT)
Binance How to Buy (SCT) Soma
Step 4 – Purchase Soma (SCT)

Once you have spotted Soma (SCT), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are creating our Limit Order.

The field with the “Price” tag will be filled with the most latest price Soma (SCT) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of SCT you like to purchase. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete amount of SCT.

If you are happy, click on “Buy SCT”. Your order will be filled as soon as a Vendor trades their SCT for the price you submitted.

Step 5 – Withdraw Soma (SCT)

Unless you are trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time period. In order to withdraw your Soma (SCT), go to the tab called “Funds” and click on “Withdraw”. Soma (SCT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Soma (SCT) by using the provided drop-down box. Enter the amount of Soma (SCT) 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, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Congrats! You have successfully bought and stored Soma (SCT).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (SCT) Soma is safe in your wallet, you are done.

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