A Step-by-Step-Guide on how to buy Social Lending Token (SLT)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and receive your Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Social Lending Token (SLT) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Social Lending Token (SLT) Once your deposit has been confirmed, you will directly have access to your finances and you can begin invest and trading. To purchase Social Lending Token (SLT) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. In order to spot Social Lending Token (SLT), you will need to put the shortname of the coin (SLT) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this too. Click on “SLT/BTC” to proceed.
Step 4 – Purchasing Social Lending Token (SLT) As soon as you have spotted Social Lending Token (SLT), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to create our Limit Order. The ”Price” field will be filled with the latest price Social Lending Token (SLT) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of SLT you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of SLT. When you are happy, make a mouse click on “Buy SLT”. Your order will be filled when a Seller trades their SLT for the price you gave.
Step 5 – Withdraw Social Lending Token (SLT) Unless you are frequently trading, best advise is not to keep coins on an Crypto Exchange for an longer period of time. To take off your Social Lending Token (SLT), go to the ”Funds” tab and mouse click on “Withdraw”. Social Lending Token (SLT) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Social Lending Token (SLT) by using the given drop-down box. Put into the quantity of Social Lending Token (SLT) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, click “Submit”. You may be requested for verfication via phone/email ahead of a take off.