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 (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Syscoin (SYS) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate Syscoin (SYS) As soon as your deposit has been approved, you will instantly have access to your assets and you can begin buying and trading. To buy Syscoin (SYS) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate Syscoin (SYS), you will need to put the cointype (SYS) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we have marked this too. Click on “SYS/BTC” to advance.
Step 4 – Purchase Syscoin (SYS) After you've spotted Syscoin (SYS), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our own Limit Order. The ”Price” field will be filled with the most recent rate Syscoin (SYS) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of SYS you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of SYS. When you are glad, make a mouse click on “Buy SYS”. Your order will be filled when a Vendor sells their SYS for the price you submitted.
Step 5 – Withdraw Syscoin (SYS) Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an extended time period. To take off your Syscoin (SYS), hover over the ”Funds” tab and click on “Withdraw”. Syscoin (SYS) can be stored securely 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. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.