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 bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Sphere (SPHR) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate Sphere (SPHR) As soon as your deposit has been confirmed, you will now have access to your assets and you can commence invest and trading. To buy Sphere (SPHR) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to spot Sphere (SPHR), you will need to put the cointype (SPHR) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this too. Click on “SPHR/BTC” to proceed.
Step 4 – Buying (SPHR) Sphere As soon as you have discovered (SPHR) Sphere, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to make our Limit Order. The ”Price” field will be automatically filled with the latest tariff (SPHR) Sphere was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of SPHR you want to buy. The ”Total” field is the total price in BTC that you'll pay for the complete quantity of SPHR. When you're glad, make a mouse click on “Buy SPHR”. Your order will be filled as soon as a Seller sells their SPHR for the price you submitted.
Step 5 – Withdraw (SPHR) Sphere Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To withdraw your (SPHR) Sphere, go to the tab called “Funds” and click on “Withdraw”. (SPHR) Sphere can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SPHR) Sphere by using the provided drop-down box. Put into the amount of (SPHR) Sphere you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You may be asked for email/phone verification before a withdrawal.