A Step-by-Step-Guide on how to buy Status (SNT)
Step 1 – Join Kraken You'll first need to buy one of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Funds to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Status (SNT) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Status (SNT) As soon as your deposit has been verified, you will directly have access to your funds and you can launch purchasing and trading. To invest in Status (SNT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Status (SNT), you will need to put the cointype (SNT) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we have highlighted this also. Click on “SNT/BTC” to continue.
Step 4 – Buy Status (SNT) As soon as you've spotted Status (SNT), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price Status (SNT) was traded for. This can be changed to your favoured price. The ”Amount” field is the volumen of SNT you wish to buy. The ”Total” field is the aggregated price in BTC that you will pay for the complete volumen of SNT. If you are happy, make a mouse click on “Buy SNT”. Your plan will be filled when a Seller sells their SNT for the price you introduced.
Step 5 – Withdraw Status (SNT) Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time period. In order to take off your Status (SNT), go to the ”Funds” tab and click on “Withdraw”. Status (SNT) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Status (SNT) by using the provided drop-down box. Drop in the amount of Status (SNT) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification before a take off.