A Step-by-Step-Guide on how to buy SongCoin (SONG)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and getting your welcome 10$.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. SongCoin (SONG) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate SongCoin (SONG) Once your deposit has been approved, you'll now have access to your assets and you can begin purchasing and trading. To buy SongCoin (SONG) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to discover SongCoin (SONG), you'll need to insert the short name of the asset (SONG) into the search-box, which is highlighted in the image. Make sure you have selected the proper pairing, we have highlighted this too. Click on “SONG/BTC” to advance.
Step 4 – Purchase SongCoin (SONG) As soon as you have located SongCoin (SONG), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are creating our Limit Order. The ”Price” field will be filled with the most recent rate SongCoin (SONG) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of SONG you wish to purchase. The ”Total” field is the aggregated price in BTC that you will settle for the whole volumen of SONG. When you are glad, click on “Buy SONG”. Your order will be filled as soon as a Vendor trades their SONG for the price you introduced.
Step 5 – Withdraw SongCoin (SONG) Unless you are frequently trading, best advise is not to keep your crypto on an Exchange for an extended period of time. To withdraw your SongCoin (SONG), go to the ”Funds” tab and mouse click on “Withdraw”. SongCoin (SONG) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find SongCoin (SONG) by using the given drop-down box. Put into the quantity of SongCoin (SONG) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification before a take off.