How to Buy Siacoin (SC) in Armenia

A Step-by-Step-Guide on how to buy Siacoin (SC) in Armenia

Step 1 – Signup to Coinmama

You'll first need to purchase units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Siacoin (SC) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find {Siacoin (SC)|(SC) Siacoin}

As soon as your deposit has been affirmed, you'll immediately have access to your finances and you can begin purchasing and trading. To buy {Siacoin (SC)|(SC) Siacoin} on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”.

To discover {Siacoin (SC)|(SC) Siacoin}, you'll need to put the short name of the asset (SC) into the search-box, which is highlighted in the picture. Make sure you have choosen the correct grouping, we've highlighted this too. Click on “SC/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Siacoin (SC)
Step 4 – Purchasing {Siacoin (SC)|(SC) Siacoin}

Once you have discovered {Siacoin (SC)|(SC) Siacoin}, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order.

The ”Price” field will be filled with the most recent valuation {Siacoin (SC)|(SC) Siacoin} was traded for. This can be changed to your preferred rate. The ”Amount” field is the quantity of SC you want to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete quantity of SC.

When you're happy, make a mouse click on “Buy SC”. Your plan will be filled as soon as a Seller sells their SC for the price you introduced.

Step 5 – Withdraw {Siacoin (SC)|(SC) Siacoin}

Unless you're trading, never keep your crypto on an Crypto Exchange for an extensive time period. To withdraw your {Siacoin (SC)|(SC) Siacoin}, go to the ”Funds” tab and mouse click on “Withdraw”. {Siacoin (SC)|(SC) Siacoin} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Siacoin (SC)|(SC) Siacoin} by using the provided drop-down box. Enter the amount of {Siacoin (SC)|(SC) Siacoin} 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 satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Congrats! You've successfully purchased and stored Siacoin (SC) in Armenia.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the {Siacoin (SC)|(SC) Siacoin} is safe within your wallet, you are finished.

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