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How to Buy Steem Dollars (SBD)

A Step-by-Step-Guide on how to buy Steem Dollars (SBD)

Step 1 – Join CEX.io

You'll first need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below for registration and to get your Ethereum or Bitcoin.

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Steem Dollars (SBD) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find Steem Dollars (SBD)

Once your deposit has been confirmed, you'll immediately have access to your finances and you can initiate buying and trading. To invest in Steem Dollars (SBD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To find Steem Dollars (SBD), you'll need to insert the shortname of the coin (SBD) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “SBD/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Steem Dollars (SBD)
Step 4 – Purchase Steem Dollars (SBD)

As soon as you've located Steem Dollars (SBD), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price Steem Dollars (SBD) was traded for. You can change this to your preferred rate. The ”Amount” field is the amount of SBD you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete amount of SBD.

When you are happy, click on “Buy SBD”. Your order will be filled when a Seller sells their SBD for the price you offered.

Step 5 – Withdraw (SBD) Steem Dollars

Unless you're trading, you should never keepyour crypto coins on an Crypto Trader for an extended period of time. To take off your (SBD) Steem Dollars, go to the ”Funds” tab and mouse click on “Withdraw”. (SBD) Steem Dollars can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SBD) Steem Dollars by using the provided drop-down box. Put into the volumen of (SBD) Steem Dollars you would like to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a take off.

Congratulations! You've successfully bought and safed Steem Dollars (SBD).

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the Steem Dollars (SBD) is safe in your wallet, you are all done.