A Step-by-Step-Guide on how to buy Syscoin (SYS)
Step 1 – Signup to Kraken You will first need to buy one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and to get Bitcoin or Ethereum.
Step 2 – Transfer Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Syscoin (SYS) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Syscoin (SYS) As soon as your deposit has been affirmed, you'll now have access to your finances and you can start invest and trading. To invest in Syscoin (SYS) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. In order to spot Syscoin (SYS), you'll need to insert the shortname of the coin (SYS) into the search-box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “SYS/BTC” to go on.
Step 4 – Purchase Syscoin (SYS) After you've found Syscoin (SYS), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled with the most latest rate Syscoin (SYS) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of SYS you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of SYS. If you are happy, click on “Buy SYS”. Your order will be filled as soon as a Vender trades their SYS for the price you gave.
Step 5 – Withdraw Syscoin (SYS) Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time period. In order to take off your Syscoin (SYS), go to the tab called “Funds” and click on “Withdraw”. Syscoin (SYS) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Syscoin (SYS) by using the given drop-down box. Put into the volumen of Syscoin (SYS) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.