A Step-by-Step-Guide on how to buy Skycoin (SKY)
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and receive your first 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Skycoin (SKY) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate (SKY) Skycoin As soon as your deposit has been confirmed, you will directly have access to your assets and you can begin purchasing and trading. To buy (SKY) Skycoin on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To find (SKY) Skycoin, you will need to insert the shortname of the coin (SKY) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this too. Click on “SKY/BTC” to advance.
Step 4 – Buying (SKY) Skycoin After you've spotted (SKY) Skycoin, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to make our Limit Order. The ”Price” field will be filled automatically with the up-to-date rate (SKY) Skycoin was sold for. This can be changed to your favoured price. The ”Amount” field is the amount of SKY you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of SKY. When you are satisfied, make a mouse click on “Buy SKY”. Your plan will be filled when a Vender sells their SKY for the price you submitted.
Step 5 – Withdraw Skycoin (SKY) Unless you're frequently trading, never keep your crypto on an Exchange for an extended time period. In order to withdraw your Skycoin (SKY), go to the tab called “Funds” and mouse click on “Withdraw”. Skycoin (SKY) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Skycoin (SKY) by using the given drop-down box. Drop in the quantity of Skycoin (SKY) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.