How to Buy Siacoin (SC) in Australia

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

Step 1 – Signup to Coinmama

You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and receive your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Siacoin (SC) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).

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

As soon as your deposit has been affirmed, you'll now have access to your assets and you can begin buying and trading. To invest in {Siacoin (SC)|(SC) Siacoin} on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to find {Siacoin (SC)|(SC) Siacoin}, you'll need to put the short name of the asset (SC) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “SC/BTC” to continue.

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

After you've located {Siacoin (SC)|(SC) Siacoin}, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation {Siacoin (SC)|(SC) Siacoin} was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of SC you want to purchase. The ”Total” field is the whole price in BTC that you will pay for the whole amount of SC.

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

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

Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an longer time period. In order 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Siacoin (SC)|(SC) Siacoin} by using the provided drop-down box. Drop in the volumen of {Siacoin (SC)|(SC) Siacoin} you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Congrats! You have successfully purchased and stored Siacoin (SC) in Australia.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the {Siacoin (SC)|(SC) Siacoin} is safe within your wallet, you're all done.

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