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How to Buy Skycoin (SKY)

A Step-by-Step-Guide on how to buy Skycoin (SKY)

Step 1 – Join CEX.io

You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Skycoin (SKY) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate (SKY) Skycoin

Once your deposit has been approved, you will now have access to your assets and you can commence buying and trading. To purchase (SKY) Skycoin on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To spot (SKY) Skycoin, you will need to put the short name of the asset (SKY) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we've marked this too. Click on “SKY/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Skycoin (SKY)
Step 4 – Purchasing Skycoin (SKY)

After you've found Skycoin (SKY), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date rate Skycoin (SKY) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of SKY you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete amount of SKY.

If you're glad, click on “Buy SKY”. Your order will be filled as soon as a Seller sells their SKY for the price you gave.

Step 5 – Withdraw (SKY) Skycoin

Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an longer time period. To withdraw your (SKY) Skycoin, go to the ”Funds” tab and mouse click on “Withdraw”. (SKY) Skycoin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (SKY) Skycoin by using the provided drop-down box. Enter the volumen of (SKY) Skycoin you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored Skycoin (SKY).

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Skycoin (SKY) is safe within your wallet, you are all done.