A Step-by-Step-Guide on how to buy Sovereign Coin (SOV)
Step 1 – Signup to Kraken You'll first need to purchase one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below for registration and receive Funds.
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Sovereign Coin (SOV) 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 these easy steps) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate Sovereign Coin (SOV) As soon as your deposit has been affirmed, you'll now have access to your finances and you can start buying and trading. To buy Sovereign Coin (SOV) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to discover Sovereign Coin (SOV), you'll need to put the cointype (SOV) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we have highlighted this too. Click on “SOV/BTC” to continue.
Step 4 – Purchase Sovereign Coin (SOV) After you have spotted Sovereign Coin (SOV), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest price Sovereign Coin (SOV) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of SOV you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of SOV. When you are satisfied, make a mouse click on “Buy SOV”. Your order will be filled as soon as a Seller sells their SOV for the price you offered.
Step 5 – Withdraw Sovereign Coin (SOV) Unless you are regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Sovereign Coin (SOV), go to the ”Funds” tab and click on “Withdraw”. Sovereign Coin (SOV) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Sovereign Coin (SOV) by using the provided drop-down box. Put into the volumen of Sovereign Coin (SOV) you'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. If you are satisfied, click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.