A Step-by-Step-Guide on how to buy Siacoin (SC)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and getting your welcome 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Siacoin (SC) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find (SC) Siacoin Once your deposit has been confirmed, you will immediately have access to your assets and you can commence buying and trading. To buy (SC) Siacoin on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to locate (SC) Siacoin, you will need to put the short name of the asset (SC) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we've marked this too. Click on “SC/BTC” to progress.
Step 4 – Buy (SC) Siacoin Once you have spotted (SC) Siacoin, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order. The field with the “Price” tag will be filled automatically with the most recent price (SC) Siacoin was sold for. You can change this to your desired rate. The ”Amount” field is the quantity of SC you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete quantity of SC. When you are glad, make a mouse click on “Buy SC”. Your plan will be filled as soon as a Vendor trades their SC for the price you introduced.
Step 5 – Withdraw Siacoin (SC) Unless you are regularly trading, never keep your coins on an Crypto Exchange for an extended time frame. To withdraw your Siacoin (SC), go to the tab called “Funds” and mouse click on “Withdraw”. Siacoin (SC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Siacoin (SC) by using the provided drop-down box. Put into the quantity of Siacoin (SC) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.