How to Buy sBTC (SBTC) in Anguilla

A Step-by-Step-Guide on how to buy sBTC (SBTC) in Anguilla

Step 1 – Signup to Coinmama

You'll first need to buy units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for alternative Coins. Click below for registration and to get your Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. sBTC (SBTC) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you've selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find sBTC (SBTC)

As soon as your deposit has been confirmed, you will now have access to your finances and you can start buying and trading. To buy sBTC (SBTC) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover sBTC (SBTC), you'll need to put the cointype (SBTC) into the search-box, which is marked in the graphic. Make sure you have selected the right pairing, we have marked this too. Click on “SBTC/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} sBTC (SBTC)
Step 4 – Purchase sBTC (SBTC)

As soon as you have discovered sBTC (SBTC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The ”Price” field will be automatically filled with the most up-to-date tariff sBTC (SBTC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of SBTC you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the complete amount of SBTC.

If you're satisfied, make a mouse click on “Buy SBTC”. Your order will be filled when a Seller sells their SBTC for the price you submitted.

Step 5 – Withdraw sBTC (SBTC)

Unless you are frequently trading, never keep your crypto on an Exchange for an extensive time frame. In order to take off your sBTC (SBTC), go to the tab called “Funds” and click on “Withdraw”. sBTC (SBTC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find sBTC (SBTC) by using the given drop-down box. Enter the quantity of sBTC (SBTC) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, click on “Submit”. You may be asked for verfication via email/phone before a take off.

Congratulations! You've successfully bought and safed sBTC (SBTC) in Anguilla.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the sBTC (SBTC) is stored inside your wallet, you are all done.

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