A Step-by-Step-Guide on how to buy Syscoin (SYS)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and receive Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Syscoin (SYS) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find Syscoin (SYS) As soon as your deposit has been confirmed, you will immediately have access to your assets and you can launch buying and trading. To invest in Syscoin (SYS) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. In order to locate Syscoin (SYS), you will need to put the shortname of the coin (SYS) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “SYS/BTC” to go on.
Step 4 – Buy Syscoin (SYS) As soon as you've spotted Syscoin (SYS), 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 going to make our Limit Order. The field with the “Price” tag will be automatically filled with the latest rate Syscoin (SYS) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of SYS you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of SYS. When you are happy, click on “Buy SYS”. Your order will be filled as soon as a Seller trades their SYS for the price you offered.
Step 5 – Withdraw Syscoin (SYS) Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your Syscoin (SYS), hover over the ”Funds” tab and click on “Withdraw”. Syscoin (SYS) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Syscoin (SYS) by using the given drop-down box. Enter the quantity of Syscoin (SYS) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.