A Step-by-Step-Guide on how to buy sBTC (SBTC)
Step 1 – Join CEX.io You'll first need to purchase one of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive your Bitcoin or Ethereum.
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. sBTC (SBTC) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find sBTC (SBTC) As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can begin buying and trading. To buy sBTC (SBTC) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to spot sBTC (SBTC), you'll need to put the shortname of the coin (SBTC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we have highlighted this too. Click on “SBTC/BTC” to progress.
Step 4 – Buy sBTC (SBTC) As soon as you have spotted sBTC (SBTC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate sBTC (SBTC) was traded for. You can change this to your favoured price. The ”Amount” field is the volumen of SBTC you like to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the whole quantity of SBTC. If you're happy, click on “Buy SBTC”. Your plan will be filled as soon as a Seller trades their SBTC for the price you offered.
Step 5 – Withdraw sBTC (SBTC) Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your sBTC (SBTC), hover over the ”Funds” tab and mouse click on “Withdraw”. sBTC (SBTC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find sBTC (SBTC) by using the provided drop-down box. Put into the volumen of sBTC (SBTC) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you're satisfied, click “Submit”. You may be asked for email/phone verification before a take off.