A Step-by-Step-Guide on how to buy sBTC (SBTC)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. sBTC (SBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate sBTC (SBTC) Once your deposit has been affirmed, you will instantly have access to your assets and you can begin invest and trading. To buy sBTC (SBTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate sBTC (SBTC), you will need to put the short name of the asset (SBTC) into the search box, which is marked in the graphic. Make sure you have selected the correct grouping, we have marked this also. Click on “SBTC/BTC” to progress.
Step 4 – Buy sBTC (SBTC) Once you've discovered sBTC (SBTC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent price sBTC (SBTC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of SBTC you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of SBTC. When you're happy, click on “Buy SBTC”. Your plan will be filled when a Vendor sells their SBTC for the price you submitted.
Step 5 – Withdraw sBTC (SBTC) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extended period of time. To take off your sBTC (SBTC), go to the ”Funds” tab and mouse click on “Withdraw”. sBTC (SBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate sBTC (SBTC) by using the given drop-down box. Put into the amount of sBTC (SBTC) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are glad, click “Submit”. You may be requested for email/phone verification before a take off.