A Step-by-Step-Guide on how to buy Simplicity Coin (SPL)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and to get your first $10.
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Simplicity Coin (SPL) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Simplicity Coin (SPL) As soon as your deposit has been approved, you will directly have access to your finances and you can initiate invest and trading. To invest in Simplicity Coin (SPL) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find Simplicity Coin (SPL), you will need to insert the shortname of the coin (SPL) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have highlighted this too. Click on “SPL/BTC” to advance.
Step 4 – Buying (SPL) Simplicity Coin After you have spotted (SPL) Simplicity Coin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're going to make our Limit Order. The ”Price” field will be filled automatically with the latest price (SPL) Simplicity Coin was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of SPL you like to purchase. The ”Total” field is the whole price in BTC that you'll pay for the complete amount of SPL. When you are satisfied, click on “Buy SPL”. Your order will be filled when a Seller trades their SPL for the price you gave.
Step 5 – Withdraw Simplicity Coin (SPL) Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive time frame. To take off your Simplicity Coin (SPL), hover over the ”Funds” tab and click on “Withdraw”. Simplicity Coin (SPL) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Simplicity Coin (SPL) by using the provided drop-down box. Put into the amount of Simplicity Coin (SPL) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.