A Step-by-Step-Guide on how to buy Speed Mining Service (SMS)
Step 1 – Join Kraken You'll first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Speed Mining Service (SMS) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find Speed Mining Service (SMS) Once your deposit has been approved, you'll directly have access to your assets and you can commence invest and trading. To purchase Speed Mining Service (SMS) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot Speed Mining Service (SMS), you'll need to put the short name of the asset (SMS) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we have highlighted this too. Click on “SMS/BTC” to progress.
Step 4 – Buy Speed Mining Service (SMS) Once you have discovered Speed Mining Service (SMS), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we are creating our own Limit Order. The ”Price” field will be filled with the most recent rate Speed Mining Service (SMS) was traded for. You can change this to your favoured price. The ”Amount” field is the quantity of SMS you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of SMS. If you're happy, make a mouse click on “Buy SMS”. Your plan will be filled when a Vendor sells their SMS for the price you submitted.
Step 5 – Withdraw Speed Mining Service (SMS) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extended time frame. In order to withdraw your Speed Mining Service (SMS), go to the tab called “Funds” and click on “Withdraw”. Speed Mining Service (SMS) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Speed Mining Service (SMS) by using the given drop-down box. Drop in the volumen of Speed Mining Service (SMS) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You may be requested for verfication via phone/email before a take off.
Kudos! You've successfully bought and stored Speed Mining Service (SMS).That's it! Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (SMS) Speed Mining Service is stored in your wallet, you are done.
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