A Step-by-Step-Guide on how to buy Slimcoin (SLM)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Slimcoin (SLM) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate Slimcoin (SLM) As soon as your deposit has been confirmed, you will instantly have access to your finances and you can commence purchasing and trading. To buy Slimcoin (SLM) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To discover Slimcoin (SLM), you will need to put the cointype (SLM) into the search box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this too. Click on “SLM/BTC” to advance.
Step 4 – Purchasing Slimcoin (SLM) After you've spotted Slimcoin (SLM), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most recent rate Slimcoin (SLM) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of SLM you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete quantity of SLM. If you're happy, click on “Buy SLM”. Your order will be filled as soon as a Vendor trades their SLM for the price you submitted.
Step 5 – Withdraw Slimcoin (SLM) Unless you're trading, best advise is not to keep coins on an Exchange for an longer time frame. In order to withdraw your Slimcoin (SLM), go to the tab called “Funds” and mouse click on “Withdraw”. Slimcoin (SLM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Slimcoin (SLM) by using the provided drop-down box. Drop in the volumen of Slimcoin (SLM) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you're satisfied, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.