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 Bitcoin or Ethereum to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Siacoin (SC) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Find Siacoin (SC) Once your deposit has been affirmed, you'll immediately have access to your funds and you can begin buying and trading. To invest in Siacoin (SC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to find Siacoin (SC), you'll need to put the cointype (SC) into the search box, which is marked in the picture. Be certain of having selected the correct pairing, we have marked this too. Click on “SC/BTC” to proceed.
Step 4 – Purchasing Siacoin (SC) After you have found Siacoin (SC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to create 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 amount of SC you want to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of SC. If you're satisfied, click on “Buy SC”. Your plan will be filled when a Vender sells their SC for the price you gave.
Step 5 – Withdraw Siacoin (SC) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. To take off your Siacoin (SC), hover over the ”Funds” tab and mouse click on “Withdraw”. Siacoin (SC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Siacoin (SC) by using the provided drop-down box. Put into the amount of Siacoin (SC) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, click “Submit”. You could be asked for email/phone verification ahead of a take off.