A Step-by-Step-Guide on how to buy Sphere (SPHR)
Step 1 – Signup to Kraken You will first need to buy units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Sphere (SPHR) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Sphere (SPHR) As soon as your deposit has been affirmed, you'll now have access to your assets and you can begin buying and trading. To invest in Sphere (SPHR) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate Sphere (SPHR), you'll need to put the cointype (SPHR) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “SPHR/BTC” to progress.
Step 4 – Buying Sphere (SPHR) As soon as you have located Sphere (SPHR), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order. The ”Price” field will be filled with the latest tariff Sphere (SPHR) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of SPHR you like to buy. The ”Total” field is the total price in BTC that you'll settle for the whole volumen of SPHR. If you are happy, make a mouse click on “Buy SPHR”. Your order will be filled when a Vendor sells their SPHR for the price you submitted.
Step 5 – Withdraw Sphere (SPHR) Unless you are trading, you should never keepyour coins on an Crypto Trader for an extensive time frame. To take off your Sphere (SPHR), go to the tab called “Funds” and mouse click on “Withdraw”. Sphere (SPHR) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Sphere (SPHR) by using the given drop-down box. Enter the amount of Sphere (SPHR) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.