How to Buy Steem Dollars (SBD)

A Step-by-Step-Guide on how to buy Steem Dollars (SBD)

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to purchase one of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your welcome $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Steem Dollars (SBD) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate (SBD) Steem Dollars

Once your deposit has been confirmed, you will immediately have access to your finances and you can launch buying and trading. To purchase (SBD) Steem Dollars on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate (SBD) Steem Dollars, you will need to put the cointype (SBD) into the search box, which is marked in the image. Be certain of having selected the right grouping, we've marked this too. Click on “SBD/BTC” to advance.

Binance Hot To Buy Steem Dollars (SBD)
Binance How to Buy (SBD) Steem Dollars
Step 4 – Acquisition of Steem Dollars (SBD)

As soon as you've located Steem Dollars (SBD), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date rate Steem Dollars (SBD) was traded for. You can change this to your desired price. The ”Amount” field is the amount of SBD you want to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the whole amount of SBD.

When you are happy, make a mouse click on “Buy SBD”. Your plan will be filled when a Seller sells their SBD for the price you submitted.

Step 5 – Withdraw Steem Dollars (SBD)

Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an extended time period. To take off your Steem Dollars (SBD), go to the tab called “Funds” and click on “Withdraw”. Steem Dollars (SBD) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Steem Dollars (SBD) by using the given drop-down box. Put into the amount of Steem Dollars (SBD) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you are glad, make a mouse click on “Submit”. You could be asked for email/phone verification before a take off.

Binance Withdraw

Kudos! You have successfully purchased and safed Steem Dollars (SBD).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off with Etherscan.io or Ethplorer.io and the Steem Dollars (SBD) is stored inside your wallet, you are finished.