A Step-by-Step-Guide on how to buy sETH (SETH)
Step 1 – Join CEX.io You will first need to buy units of the major currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and to get your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. sETH (SETH) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate sETH (SETH) Once your deposit has been affirmed, you will instantly have access to your funds and you can begin invest and trading. To purchase sETH (SETH) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To spot sETH (SETH), you will need to insert the shortname of the coin (SETH) into the search-box, which is marked in the picture. Make sure you have selected the proper pairing, we have marked this too. Click on “SETH/BTC” to progress.
Step 4 – Purchasing sETH (SETH) Once you've discovered sETH (SETH), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're making our Limit Order. The ”Price” field will be filled automatically with the recent price sETH (SETH) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of SETH you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of SETH. When you're satisfied, make a mouse click on “Buy SETH”. Your plan will be filled when a Seller sells their SETH for the price you gave.
Step 5 – Withdraw sETH (SETH) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Exchange for an extensive time period. To withdraw your sETH (SETH), hover over the ”Funds” tab and mouse click on “Withdraw”. sETH (SETH) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find sETH (SETH) by using the provided drop-down box. Put into the volumen of sETH (SETH) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a take off.