A Step-by-Step-Guide on how to buy SovranoCoin (SVR)
Step 1 –
Signup to Kraken
In the beginning you'll need to buy one of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get Ethereum or Bitcoin.
Step 2 –
Transmit Your Ethereum or Bitcoin to an Crypto Trader
Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. SovranoCoin (SVR) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)
Make sure you have selected the correct coin you would like to deposit.
BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 –
Find SovranoCoin (SVR)
Once your deposit has been verified, you will immediately have access to your funds and you can begin buying and trading. To invest in SovranoCoin (SVR) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”.
To locate SovranoCoin (SVR), you will need to insert the shortname of the coin (SVR) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we have marked this also. Click on “SVR/BTC” to go ahead.
Step 4 –
Buy SovranoCoin (SVR)
Once you've spotted SovranoCoin (SVR), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our own Limit Order.
The ”Price” field will be automatically filled with the most latest price SovranoCoin (SVR) was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of SVR you like to buy. The ”Total” field is the total price in Bitcoin that you will settle for the whole volumen of SVR.
When you're glad, make a mouse click on “Buy SVR”. Your order will be filled as soon as a Vendor sells their SVR for the price you submitted.
Step 5 –
Withdraw SovranoCoin (SVR)
Unless you are regularly trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. To take off your SovranoCoin (SVR), hover over the ”Funds” tab and click on “Withdraw”. SovranoCoin (SVR) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)
Find SovranoCoin (SVR) by using the given drop-down box. Put into the volumen of SovranoCoin (SVR) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.
If you're glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a take off.