A Step-by-Step-Guide on how to buy Steem Dollars (SBD)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Steem Dollars (SBD) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you have selected the correct coin you wish to deposit. BTC must be sent to a BTC 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 unlike (Just follow our guide).
Step 3 – Find Steem Dollars (SBD) Once your deposit has been affirmed, you'll now have access to your finances and you can launch purchasing and trading. To buy Steem Dollars (SBD) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to locate Steem Dollars (SBD), you'll need to insert the shortname of the coin (SBD) into the search-box, which is highlighted in the picture. Be certain of having selected the proper grouping, we have highlighted this also. Click on “SBD/BTC” to go on.
Step 4 – Buying Steem Dollars (SBD) Once you've located Steem Dollars (SBD), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price Steem Dollars (SBD) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of SBD you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole quantity of SBD. If you are satisfied, make a mouse click on “Buy SBD”. Your order will be filled as soon as a Vendor sells their SBD for the price you submitted.
Step 5 – Withdraw Steem Dollars (SBD) Unless you're trading, never keep your crypto coins on an Crypto Trader for an extensive time frame. To take off your Steem Dollars (SBD), go to the tab called “Funds” and click on “Withdraw”. Steem Dollars (SBD) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Steem Dollars (SBD) by using the given drop-down box. Enter the quantity of Steem Dollars (SBD) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.