A Step-by-Step-Guide on how to buy sBTC (SBTC)
Step 1 – Join Coinbase – Get Free $10 You'll first need to purchase one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting your first $10.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. sBTC (SBTC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find sBTC (SBTC) As soon as your deposit has been verified, you'll now have access to your funds and you can initiate invest and trading. To buy sBTC (SBTC) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To locate sBTC (SBTC), you'll need to insert the short name of the asset (SBTC) into the search-box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this too. Click on “SBTC/BTC” to go ahead.
Step 4 – Purchase (SBTC) sBTC Once you have located (SBTC) sBTC, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our Limit Order. The ”Price” field will be filled with the latest rate (SBTC) sBTC was sold for. You can change this to your favoured price. The ”Amount” field is the amount of SBTC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of SBTC. If you are satisfied, make a mouse click on “Buy SBTC”. Your plan will be filled when a Seller trades their SBTC for the price you submitted.
Step 5 – Withdraw sBTC (SBTC) Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer period of time. To withdraw your sBTC (SBTC), go to the ”Funds” tab and click on “Withdraw”. sBTC (SBTC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate sBTC (SBTC) by using the provided drop-down box. Drop in the amount of sBTC (SBTC) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You could be requested for phone/email verification before a take off.