A Step-by-Step-Guide on how to buy Sphere (SPHR)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Sphere (SPHR) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Sphere (SPHR) Once your deposit has been approved, you'll now have access to your finances and you can launch invest and trading. To invest in Sphere (SPHR) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. In order to spot Sphere (SPHR), you'll need to insert the shortname of the coin (SPHR) into the search-box, which is marked in the image. Be certain of having choosen the proper grouping, we've marked this too. Click on “SPHR/BTC” to progress.
Step 4 – Purchasing Sphere (SPHR) Once you've spotted Sphere (SPHR), 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 are going to make our Limit Order. The ”Price” field will be filled with the most recent tariff Sphere (SPHR) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of SPHR you want to buy. The ”Total” field is the total price in BTC that you'll settle for the whole volumen of SPHR. If you are happy, click on “Buy SPHR”. Your order will be filled as soon as a Vendor trades their SPHR for the price you gave.
Step 5 – Withdraw Sphere (SPHR) Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time frame. In order to withdraw your Sphere (SPHR), go to the tab called “Funds” and mouse click on “Withdraw”. Sphere (SPHR) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Sphere (SPHR) by using the provided drop-down box. Enter the quantity of Sphere (SPHR) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you're glad, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.