A Step-by-Step-Guide on how to buy SDUSD (SDUSD)
Step 1 – Join CEX.io You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and receive your Bitcoin or Ethereum.
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. SDUSD (SDUSD) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find SDUSD (SDUSD) Once your deposit has been approved, you'll instantly have access to your finances and you can commence buying and trading. To purchase SDUSD (SDUSD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot SDUSD (SDUSD), you'll need to put the shortname of the coin (SDUSD) into the search-box, which is highlighted in the image. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “SDUSD/BTC” to advance.
Step 4 – Purchase SDUSD (SDUSD) After you have spotted SDUSD (SDUSD), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our Limit Order. The ”Price” field will be automatically filled with the latest rate SDUSD (SDUSD) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of SDUSD you like to purchase. The ”Total” field is the aggregated price in BTC that you will pay for the complete quantity of SDUSD. If you are happy, click on “Buy SDUSD”. Your plan will be filled as soon as a Seller trades their SDUSD for the price you introduced.
Step 5 – Withdraw SDUSD (SDUSD) Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your SDUSD (SDUSD), go to the ”Funds” tab and click on “Withdraw”. SDUSD (SDUSD) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find SDUSD (SDUSD) by using the given drop-down box. Enter the amount of SDUSD (SDUSD) you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.