A Step-by-Step-Guide on how to buy SimplexChain (SXC)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. SimplexChain (SXC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find SimplexChain (SXC) As soon as your deposit has been verified, you will now have access to your assets and you can commence buying and trading. To purchase SimplexChain (SXC) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to spot SimplexChain (SXC), you will need to insert the short name of the asset (SXC) into the search-box, which is highlighted in the picture. Make sure you have selected the right grouping, we have highlighted this too. Click on “SXC/BTC” to progress.
Step 4 – Purchasing SimplexChain (SXC) After you have found SimplexChain (SXC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to make our Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff SimplexChain (SXC) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of SXC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole quantity of SXC. If you are glad, make a mouse click on “Buy SXC”. Your order will be filled as soon as a Vender sells their SXC for the price you submitted.
Step 5 – Withdraw SimplexChain (SXC) Unless you're trading, best advise is not to keep coins on an Exchange for an longer time period. In order to take off your SimplexChain (SXC), go to the tab called “Funds” and click on “Withdraw”. SimplexChain (SXC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate SimplexChain (SXC) by using the given drop-down box. Enter the volumen of SimplexChain (SXC) you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.