A Step-by-Step-Guide on how to buy sXMR (SXMR)
Step 1 – Join Coinbase – Get Free $10 You'll first need to buy units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Follow the Link below for registration and getting your first $10.
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. sXMR (SXMR) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate (SXMR) sXMR Once your deposit has been affirmed, you will immediately have access to your finances and you can begin purchasing and trading. To buy (SXMR) sXMR on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to locate (SXMR) sXMR, you will need to put the cointype (SXMR) into the search box, which is marked in the image. Make sure you have selected the proper grouping, we have marked this also. Click on “SXMR/BTC” to go ahead.
Step 4 – Acquisition of sXMR (SXMR) As soon as you have found sXMR (SXMR), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation sXMR (SXMR) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of SXMR you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete quantity of SXMR. When you're satisfied, click on “Buy SXMR”. Your order will be filled when a Vendor trades their SXMR for the price you gave.
Step 5 – Withdraw sXMR (SXMR) Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To take off your sXMR (SXMR), go to the ”Funds” tab and mouse click on “Withdraw”. sXMR (SXMR) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find sXMR (SXMR) by using the given drop-down box. Enter the volumen of sXMR (SXMR) you would like to take off. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You could be asked for email/phone verification ahead of a take off.