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 Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Status (SNT) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find Status (SNT) Once your deposit has been affirmed, you will directly have access to your funds and you can commence invest and trading. To invest in Status (SNT) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To spot Status (SNT), you will need to put the cointype (SNT) into the search box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have highlighted this also. Click on “SNT/BTC” to progress.
Step 4 – Purchase Status (SNT) After you've located Status (SNT), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date valuation Status (SNT) was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of SNT you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen of SNT. When you are happy, make a mouse click on “Buy SNT”. Your plan will be filled as soon as a Seller trades their SNT for the price you gave.
Step 5 – Withdraw Status (SNT) Unless you are frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer time frame. To withdraw your Status (SNT), hover over the ”Funds” tab and mouse click on “Withdraw”. Status (SNT) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Status (SNT) by using the given drop-down box. Enter the amount of Status (SNT) you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.