How to Buy sBTC (SBTC) in Armenia

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

Step 1 – Signup to Coinmama

You'll first need to purchase one of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below for registration and to get your Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. sBTC (SBTC) is available 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 guide)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate {sBTC (SBTC)|(SBTC) sBTC}

As soon as your deposit has been affirmed, you will directly have access to your assets and you can begin buying and trading. To buy {sBTC (SBTC)|(SBTC) sBTC} on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To find {sBTC (SBTC)|(SBTC) sBTC}, you will need to insert the shortname of the coin (SBTC) into the search box, which is marked in the graphic. Make sure you have selected the right pairing, we've marked this also. Click on “SBTC/BTC” to progress.

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

After you have found {sBTC (SBTC)|(SBTC) sBTC}, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our Limit Order.

The ”Price” field will be filled with the recent valuation {sBTC (SBTC)|(SBTC) sBTC} was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of SBTC you want to purchase. The ”Total” field is the whole price in BTC that you will pay for the whole volumen of SBTC.

If you are happy, make a mouse click on “Buy SBTC”. Your order will be filled when a Vender trades their SBTC for the price you offered.

Step 5 – Withdraw {sBTC (SBTC)|(SBTC) sBTC}

Unless you're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your {sBTC (SBTC)|(SBTC) sBTC}, go to the tab called “Funds” and mouse click on “Withdraw”. {sBTC (SBTC)|(SBTC) sBTC} can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {sBTC (SBTC)|(SBTC) sBTC} by using the provided drop-down box. Put into the volumen of {sBTC (SBTC)|(SBTC) sBTC} you would wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

When you're satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Kudos! You have successfully bought and safed sBTC (SBTC) in Armenia.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the {sBTC (SBTC)|(SBTC) sBTC} is stored within your wallet, you are all done.

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