How to Buy Skycoin (SKY) in Anguilla

A Step-by-Step-Guide on how to buy Skycoin (SKY) in Anguilla

Step 1 – Signup to Coinbase and recieve 10$ for free

In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your first 10$.

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Skycoin (SKY) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Find {Skycoin (SKY)|(SKY) Skycoin}

Once your deposit has been affirmed, you will directly have access to your assets and you can start buying and trading. To buy {Skycoin (SKY)|(SKY) Skycoin} on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

To spot {Skycoin (SKY)|(SKY) Skycoin}, you will need to insert the cointype (SKY) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've highlighted this also. Click on “SKY/BTC” to continue.

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

As soon as you've located {Skycoin (SKY)|(SKY) Skycoin}, 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 are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation {Skycoin (SKY)|(SKY) Skycoin} was sold for. This can be changed to your desired price. The ”Amount” field is the amount of SKY you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of SKY.

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

Step 5 – Withdraw {Skycoin (SKY)|(SKY) Skycoin}

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. To withdraw your {Skycoin (SKY)|(SKY) Skycoin}, hover over the ”Funds” tab and click on “Withdraw”. {Skycoin (SKY)|(SKY) Skycoin} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Skycoin (SKY)|(SKY) Skycoin} by using the provided drop-down box. Enter the quantity of {Skycoin (SKY)|(SKY) Skycoin} you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Kudos! You have successfully bought and stored Skycoin (SKY) in Anguilla.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {Skycoin (SKY)|(SKY) Skycoin} is safe in your wallet, you're finished.

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