A Step-by-Step-Guide on how to buy SIBCoin (SIB)
Step 1 – Signup to CEX.io You will first need to buy units of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. SIBCoin (SIB) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find SIBCoin (SIB) As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can launch invest and trading. To invest in SIBCoin (SIB) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To spot SIBCoin (SIB), you'll need to put the cointype (SIB) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “SIB/BTC” to go on.
Step 4 – Purchase SIBCoin (SIB) As soon as you've found SIBCoin (SIB), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price SIBCoin (SIB) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of SIB you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete volumen of SIB. When you are happy, make a mouse click on “Buy SIB”. Your plan will be filled as soon as a Seller sells their SIB for the price you gave.
Step 5 – Withdraw SIBCoin (SIB) Unless you are frequently trading, never keep your crypto on an Exchange for an extended period of time. To withdraw your SIBCoin (SIB), go to the ”Funds” tab and click on “Withdraw”. SIBCoin (SIB) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate SIBCoin (SIB) by using the given drop-down box. Put into the quantity of SIBCoin (SIB) 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 on “Submit”. You could be asked for verfication via email/phone before a take off.