A Step-by-Step-Guide on how to buy SkyMap (SKYM)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and getting your Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. SkyMap (SKYM) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate SkyMap (SKYM) As soon as your deposit has been confirmed, you will directly have access to your finances and you can commence buying and trading. To invest in SkyMap (SKYM) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. To discover SkyMap (SKYM), you will need to put the cointype (SKYM) into the search-box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've marked this also. Click on “SKYM/BTC” to proceed.
Step 4 – Purchase (SKYM) SkyMap As soon as you have found (SKYM) SkyMap, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most latest valuation (SKYM) SkyMap was sold for. You can change this to your preferred price. The field with the “Amount” tag is the amount of SKYM you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of SKYM. If you're happy, click on “Buy SKYM”. Your plan will be filled when a Seller sells their SKYM for the price you gave.
Step 5 – Withdraw (SKYM) SkyMap Unless you're trading, never keep your crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your (SKYM) SkyMap, go to the ”Funds” tab and mouse click on “Withdraw”. (SKYM) SkyMap can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SKYM) SkyMap by using the given drop-down box. Put into the amount of (SKYM) SkyMap you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you're happy, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.