A Step-by-Step-Guide on how to buy Steem Dollars (SBD)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and to get your first 10$.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto 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 example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find (SBD) Steem Dollars Once your deposit has been verified, you'll immediately have access to your funds and you can begin buying and trading. To purchase (SBD) Steem Dollars on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To discover (SBD) Steem Dollars, you'll need to insert the short name of the asset (SBD) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we have marked this also. Click on “SBD/BTC” to go on.
Step 4 – Purchase Steem Dollars (SBD) Once you've located Steem Dollars (SBD), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're making our own Limit Order. The ”Price” field will be automatically filled with the recent valuation Steem Dollars (SBD) was sold for. This can be changed to your favoured price. The ”Amount” field is the quantity of SBD you wish to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole quantity of SBD. If you're happy, click on “Buy SBD”. Your plan will be filled as soon as a Seller sells their SBD for the price you offered.
Step 5 – Withdraw (SBD) Steem Dollars Unless you're frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (SBD) Steem Dollars, go to the tab called “Funds” and 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 given drop-down box. Put into the volumen of (SBD) Steem Dollars you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.