How to Buy Skycoin (SKY) in Anguilla

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

Step 1 – Signup to Coinmama

In the beginning you'll need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Skycoin (SKY) 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 how-to)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Find Skycoin (SKY)

Once your deposit has been confirmed, you will directly have access to your funds and you can commence invest and trading. To invest in Skycoin (SKY) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To locate Skycoin (SKY), you'll need to insert the short name of the asset (SKY) into the search box, which is highlighted in the image. Make sure you have choosen the right grouping, we've highlighted this too. Click on “SKY/BTC” to continue.

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

After you have found Skycoin (SKY), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date valuation Skycoin (SKY) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of SKY you want to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the complete quantity of SKY.

When you're glad, make a mouse click on “Buy SKY”. Your order will be filled when a Vendor sells their SKY for the price you introduced.

Step 5 – Withdraw Skycoin (SKY)

Unless you are frequently trading, best advise is not to keep crypto on an Crypto Exchange for an longer time period. In order to withdraw your Skycoin (SKY), go to the tab called “Funds” and click on “Withdraw”. Skycoin (SKY) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Skycoin (SKY) by using the provided drop-down box. Put into the amount of Skycoin (SKY) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, click on “Submit”. You could be requested for email/phone verification ahead of a take off.

Congrats! You've successfully purchased and safed Skycoin (SKY) in Anguilla.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Skycoin (SKY) is safe in your wallet, you are finished.

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