A Step-by-Step-Guide on how to buy sXMR (SXMR)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and to get your welcome 10$.
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. sXMR (SXMR) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find sXMR (SXMR) Once your deposit has been approved, you'll immediately have access to your assets and you can launch invest and trading. To purchase sXMR (SXMR) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. To locate sXMR (SXMR), you'll need to insert the shortname of the coin (SXMR) into the search box, which is marked in the graphic. Be certain of having selected the proper pairing, we have marked this too. Click on “SXMR/BTC” to proceed.
Step 4 – Purchasing (SXMR) sXMR Once you have spotted (SXMR) sXMR, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff (SXMR) sXMR was sold for. You can change this to your favoured price. The field with the “Amount” tag is the amount of SXMR you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of SXMR. If you're satisfied, make a mouse click on “Buy SXMR”. Your order will be filled as soon as a Vendor trades their SXMR for the price you gave.
Step 5 – Withdraw sXMR (SXMR) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extended time period. In order to withdraw your sXMR (SXMR), go to the ”Funds” tab and mouse click on “Withdraw”. sXMR (SXMR) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate sXMR (SXMR) by using the provided drop-down box. Drop in the amount of sXMR (SXMR) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You may be asked for phone/email verification before a withdrawal.