A Step-by-Step-Guide on how to buy Siacoin (SC)
Step 1 – Signup to CEX.io You will first need to purchase units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Funds to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Siacoin (SC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Siacoin (SC) Once your deposit has been confirmed, you'll instantly have access to your funds and you can commence purchasing and trading. To invest in Siacoin (SC) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To discover Siacoin (SC), you'll need to insert the cointype (SC) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we've marked this also. Click on “SC/BTC” to progress.
Step 4 – Purchase Siacoin (SC) As soon as you've found Siacoin (SC), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent rate Siacoin (SC) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of SC you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of SC. When you're happy, make a mouse click on “Buy SC”. Your plan will be filled as soon as a Vender sells their SC for the price you gave.
Step 5 – Withdraw Siacoin (SC) Unless you're frequently trading, you should never keepyour coins on an Exchange for an extensive time period. In order to take off your Siacoin (SC), go to the ”Funds” tab and click on “Withdraw”. Siacoin (SC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Siacoin (SC) by using the provided drop-down box. Drop in the volumen of Siacoin (SC) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, click “Submit”. You could be requested for phone/email verification before a withdrawal.