A Step-by-Step-Guide on how to buy Sovereign Coin (SOV)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome $10.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Sovereign Coin (SOV) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Sovereign Coin (SOV) Once your deposit has been confirmed, you will now have access to your assets and you can commence buying and trading. To purchase Sovereign Coin (SOV) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to locate Sovereign Coin (SOV), you will need to insert the short name of the asset (SOV) into the search box, which is marked in the picture. Be certain of having selected the proper pairing, we've marked this also. Click on “SOV/BTC” to progress.
Step 4 – Purchase Sovereign Coin (SOV) As soon as you have spotted Sovereign Coin (SOV), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to create our Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate Sovereign Coin (SOV) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of SOV you like to purchase. The ”Total” field is the whole price in Bitcoin that you will pay for the whole amount of SOV. When you're satisfied, click on “Buy SOV”. Your order will be filled when a Vender trades their SOV for the price you gave.
Step 5 – Withdraw Sovereign Coin (SOV) Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Sovereign Coin (SOV), hover over the ”Funds” tab and mouse click on “Withdraw”. Sovereign Coin (SOV) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Sovereign Coin (SOV) by using the provided drop-down box. Put into the quantity of Sovereign Coin (SOV) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.