A Step-by-Step-Guide on how to buy Sovereign Coin (SOV)
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Sovereign Coin (SOV) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Sovereign Coin (SOV) Once your deposit has been approved, you will now have access to your funds and you can begin purchasing and trading. To invest in Sovereign Coin (SOV) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To locate Sovereign Coin (SOV), you will need to put the shortname of the coin (SOV) into the search-box, which is marked in the graphic. Make sure you have choosen the correct grouping, we've marked this also. Click on “SOV/BTC” to proceed.
Step 4 – Buying Sovereign Coin (SOV) As soon as you've found Sovereign Coin (SOV), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The ”Price” field will be filled with the latest price Sovereign Coin (SOV) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of SOV you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole amount of SOV. When you're happy, click on “Buy SOV”. Your plan will be filled as soon as a Seller sells their SOV for the price you gave.
Step 5 – Withdraw Sovereign Coin (SOV) Unless you're frequently trading, never keep your crypto coins on an Exchange for an extensive time period. In order to withdraw your Sovereign Coin (SOV), hover over the tab called “Funds” and click on “Withdraw”. Sovereign Coin (SOV) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Sovereign Coin (SOV) by using the given drop-down box. Drop in the amount of Sovereign Coin (SOV) you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You could be asked for verfication via email/phone before a take off.