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How to Buy Social Lending Token (SLT)

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.

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Social Lending Token (SLT) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you've 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. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Find Social Lending Token (SLT)

Once your deposit has been verified, you will now have access to your assets and you can commence purchasing and trading. To invest in Social Lending Token (SLT) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate 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 correct grouping, we've marked this also. Click on “SLT/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Social Lending Token (SLT)
Step 4 – Purchasing Social Lending Token (SLT)

As soon as you've spotted Social Lending Token (SLT), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are making our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date valuation Social Lending Token (SLT) was traded for. You can change this to your favoured 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 Bitcoin that you'll pay for the whole amount of SLT.

If you're satisfied, make a mouse click on “Buy SLT”. Your plan will be filled when a Vendor sells their SLT for the price you gave.

Step 5 – Withdraw Social Lending Token (SLT)

Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Trader for an longer period of time. To take off your Social Lending Token (SLT), hover over 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)

Find Social Lending Token (SLT) by using the provided drop-down box. Enter the amount of Social Lending Token (SLT) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click “Submit”. You could be requested for email/phone verification before a take off.

Kudos! You've successfully purchased and stored Social Lending Token (SLT).

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Social Lending Token (SLT) is safe within your wallet, you're all done.

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