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 – Transmit Your Bitcoin or Ethereum to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Syscoin (SYS) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Syscoin (SYS) Once your deposit has been confirmed, you'll instantly have access to your assets and you can commence invest and trading. To invest in Syscoin (SYS) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To find Syscoin (SYS), you'll need to insert the shortname of the coin (SYS) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've marked this too. Click on “SYS/BTC” to progress.
Step 4 – Acquisition of Syscoin (SYS) As soon as you've located Syscoin (SYS), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our own Limit Order. The ”Price” field will be filled with the most up-to-date tariff Syscoin (SYS) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of SYS you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of SYS. When you're glad, make a mouse click on “Buy SYS”. Your order will be filled when a Vender sells their SYS for the price you offered.
Step 5 – Withdraw Syscoin (SYS) Unless you are frequently trading, you should never keepyour crypto on an Exchange for an longer period of time. In order to take off your Syscoin (SYS), go to the ”Funds” tab and mouse click on “Withdraw”. Syscoin (SYS) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Syscoin (SYS) by using the provided drop-down box. Enter the volumen of Syscoin (SYS) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, click “Submit”. You may be asked for phone/email verification before a take off.