A Step-by-Step-Guide on how to buy SocketFinance (SFI)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase one of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome 10 Dollar.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. SocketFinance (SFI) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find SocketFinance (SFI) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can initiate purchasing and trading. To buy SocketFinance (SFI) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To find SocketFinance (SFI), you'll need to insert the cointype (SFI) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we've marked this too. Click on “SFI/BTC” to proceed.
Step 4 – Buying (SFI) SocketFinance As soon as you have spotted (SFI) SocketFinance, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our Limit Order. The field with the “Price” tag will be automatically filled with the recent price (SFI) SocketFinance was sold for. You can change this to your desired rate. The ”Amount” field is the amount of SFI you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of SFI. If you are satisfied, make a mouse click on “Buy SFI”. Your plan will be filled as soon as a Vendor sells their SFI for the price you offered.
Step 5 – Withdraw (SFI) SocketFinance Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an longer period of time. To withdraw your (SFI) SocketFinance, go to the ”Funds” tab and mouse click on “Withdraw”. (SFI) SocketFinance can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SFI) SocketFinance by using the given drop-down box. Drop in the volumen of (SFI) SocketFinance you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You may be asked for verfication via email/phone before a take off.