A Step-by-Step-Guide on how to buy Siacoin (SC)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive your Bitcoin or Ethereum.
Step 2 – Transmit Your Funds to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Siacoin (SC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate Siacoin (SC) As soon as your deposit has been confirmed, you will now have access to your finances and you can initiate purchasing and trading. To buy Siacoin (SC) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to discover Siacoin (SC), you will need to put the short name of the asset (SC) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we've highlighted this also. Click on “SC/BTC” to proceed.
Step 4 – Purchasing Siacoin (SC) As soon as you've discovered Siacoin (SC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price Siacoin (SC) was traded for. You can change this to your favoured price. The ”Amount” field is the volumen of SC you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of SC. When you are satisfied, click on “Buy SC”. Your order will be filled when a Vendor trades their SC for the price you gave.
Step 5 – Withdraw Siacoin (SC) Unless you are frequently trading, best advise is not to keep your coins on an Crypto Trader for an longer time period. In order to take off your Siacoin (SC), go to the ”Funds” tab and mouse click on “Withdraw”. Siacoin (SC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Siacoin (SC) by using the provided drop-down box. Put into the volumen of Siacoin (SC) you'd wish to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.