A Step-by-Step-Guide on how to buy Soft Bitcoin (SBTC)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first $10.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Soft Bitcoin (SBTC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Soft Bitcoin (SBTC) As soon as your deposit has been affirmed, you'll now have access to your finances and you can begin buying and trading. To purchase Soft Bitcoin (SBTC) on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To find Soft Bitcoin (SBTC), you'll need to put the short name of the asset (SBTC) into the search box, which is marked in the picture. Make sure you have selected the correct grouping, we've marked this too. Click on “SBTC/BTC” to progress.
Step 4 – Buy (SBTC) Soft Bitcoin After you have found (SBTC) Soft Bitcoin, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most latest price (SBTC) Soft Bitcoin was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of SBTC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of SBTC. If you're satisfied, click on “Buy SBTC”. Your plan will be filled as soon as a Vender trades their SBTC for the price you introduced.
Step 5 – Withdraw (SBTC) Soft Bitcoin Unless you are regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time frame. In order to take off your (SBTC) Soft Bitcoin, go to the ”Funds” tab and mouse click on “Withdraw”. (SBTC) Soft Bitcoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (SBTC) Soft Bitcoin by using the provided drop-down box. Drop in the quantity of (SBTC) Soft Bitcoin you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.