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 coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. SkyMap (SKYM) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find SkyMap (SKYM) Once your deposit has been verified, you'll now have access to your assets and you can commence purchasing and trading. To invest in SkyMap (SKYM) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot SkyMap (SKYM), you'll need to insert the short name of the asset (SKYM) into the search box, which is highlighted in the picture. Make sure you have selected the proper grouping, we have highlighted this too. Click on “SKYM/BTC” to go ahead.
Step 4 – Acquisition of SkyMap (SKYM) As soon as you've spotted SkyMap (SKYM), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to make our Limit Order. The ”Price” field will be filled with the recent tariff SkyMap (SKYM) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of SKYM you want to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the complete amount of SKYM. When you are happy, click on “Buy SKYM”. Your plan will be filled when a Vendor trades their SKYM for the price you submitted.
Step 5 – Withdraw SkyMap (SKYM) Unless you are frequently trading, best advise is not to keep your coins on an Crypto Exchange for an extensive period of time. In order to take off your SkyMap (SKYM), go to the ”Funds” tab and click on “Withdraw”. SkyMap (SKYM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find SkyMap (SKYM) by using the given drop-down box. Enter the amount of SkyMap (SKYM) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.