A Step-by-Step-Guide on how to buy sETH (SETH)
Step 1 – Join CEX.io You'll first need to buy one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Funds to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. sETH (SETH) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find sETH (SETH) As soon as your deposit has been verified, you'll now have access to your finances and you can initiate buying and trading. To purchase sETH (SETH) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot sETH (SETH), you'll need to insert the short name of the asset (SETH) into the search box, which is marked in the image. Be certain of having choosen the proper pairing, we have marked this too. Click on “SETH/BTC” to advance.
Step 4 – Purchasing (SETH) sETH Once you've found (SETH) sETH, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date rate (SETH) sETH was sold for. This can be changed to your favoured price. The ”Amount” field is the volumen of SETH you like to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole volumen of SETH. When you are happy, make a mouse click on “Buy SETH”. Your order will be filled when a Seller trades their SETH for the price you offered.
Step 5 – Withdraw sETH (SETH) Unless you're trading, best advise is not to keep your coins on an Exchange for an extensive time frame. In order to take off your sETH (SETH), go to the tab called “Funds” 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'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.