A Step-by-Step-Guide on how to buy Social Lending Token (SLT)
Step 1 – Signup to CEX.io You will first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Social Lending Token (SLT) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you have selected 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. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Social Lending Token (SLT) Once your deposit has been verified, you'll immediately have access to your finances and you can begin buying and trading. To buy Social Lending Token (SLT) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate Social Lending Token (SLT), you'll need to put the shortname of the coin (SLT) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we have highlighted this too. Click on “SLT/BTC” to continue.
Step 4 – Buying Social Lending Token (SLT) Once you've located Social Lending Token (SLT), you'll be presented with a Chart with Prices (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 field with the “Price” tag will be automatically filled with the most latest tariff Social Lending Token (SLT) was traded for. This can be changed to your favoured price. The ”Amount” field is the volumen of SLT you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of SLT. When you're glad, click on “Buy SLT”. Your plan will be filled when a Vender trades their SLT for the price you gave.
Step 5 – Withdraw (SLT) Social Lending Token Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended time period. To take off your (SLT) Social Lending Token, hover over the tab called “Funds” and click on “Withdraw”. (SLT) Social Lending Token can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (SLT) Social Lending Token by using the provided drop-down box. Put into the quantity of (SLT) Social Lending Token you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You may be asked for phone/email verification before a withdrawal.