A Step-by-Step-Guide on how to buy Skycoin (SKY)
Step 1 – Signup to CEX.io You will first need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Skycoin (SKY) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate Skycoin (SKY) As soon as your deposit has been affirmed, you will now have access to your funds and you can commence invest and trading. To purchase Skycoin (SKY) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To discover Skycoin (SKY), you will need to insert the cointype (SKY) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we have marked this also. Click on “SKY/BTC” to go on.
Step 4 – Purchasing Skycoin (SKY) Once you have located Skycoin (SKY), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent tariff Skycoin (SKY) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of SKY you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of SKY. If you're glad, click on “Buy SKY”. Your plan will be filled when a Seller sells their SKY for the price you submitted.
Step 5 – Withdraw Skycoin (SKY) Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your Skycoin (SKY), go to the ”Funds” tab and click on “Withdraw”. Skycoin (SKY) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Skycoin (SKY) by using the given drop-down box. Enter the volumen of Skycoin (SKY) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you're satisfied, click on “Submit”. You could be requested for phone/email verification before a take off.