How to Buy Steem Dollars (SBD)

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

Step 1 – Signup to CEX.io

You'll first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Steem Dollars (SBD) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate Steem Dollars (SBD)

Once your deposit has been affirmed, you'll now have access to your assets and you can start buying and trading. To purchase Steem Dollars (SBD) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

To discover Steem Dollars (SBD), you'll need to insert the cointype (SBD) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've highlighted this also. Click on “SBD/BTC” to advance.

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

As soon as you have found (SBD) Steem Dollars, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price (SBD) Steem Dollars was sold for. This can be changed to your desired price. The ”Amount” field is the amount of SBD you wish to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole amount of SBD.

If you are glad, make a mouse click on “Buy SBD”. Your plan will be filled as soon as a Vendor sells their SBD for the price you introduced.

Step 5 – Withdraw (SBD) Steem Dollars

Unless you are trading, best advise is not to keep crypto on an Exchange for an longer period of time. To withdraw your (SBD) Steem Dollars, hover over the tab called “Funds” and click on “Withdraw”. (SBD) Steem Dollars can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (SBD) Steem Dollars by using the provided drop-down box. Enter the volumen of (SBD) Steem Dollars you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Binance Withdraw

Kudos! You've successfully bought and stored (SBD) Steem Dollars.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (SBD) Steem Dollars is stored inside your wallet, you're done.