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 – Transmit Your Funds to an Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. sBTC (SBTC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate sBTC (SBTC) As soon as your deposit has been verified, you will directly have access to your funds and you can initiate purchasing and trading. To purchase sBTC (SBTC) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find sBTC (SBTC), you will need to insert the shortname of the coin (SBTC) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we've marked this too. Click on “SBTC/BTC” to proceed.
Step 4 – Purchasing sBTC (SBTC) As soon as you've discovered sBTC (SBTC), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date tariff sBTC (SBTC) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of SBTC you want to buy. The ”Total” field is the total price in BTC that you'll pay for the whole volumen of SBTC. When you're glad, make a mouse click on “Buy SBTC”. Your order will be filled as soon as a Vender trades their SBTC for the price you gave.
Step 5 – Withdraw sBTC (SBTC) Unless you are frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your sBTC (SBTC), go to the ”Funds” tab and mouse click on “Withdraw”. sBTC (SBTC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate sBTC (SBTC) by using the given drop-down box. Put into the quantity of sBTC (SBTC) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.