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 – Send Your Bitcoin or Ethereum to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Skycoin (SKY) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

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

As soon as your deposit has been approved, you'll now have access to your assets and you can launch purchasing and trading. To purchase {Skycoin (SKY)|(SKY) Skycoin} on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to spot {Skycoin (SKY)|(SKY) Skycoin}, you'll need to put the shortname of the coin (SKY) into the search box, which is marked in the graphic. Make sure you have selected the correct grouping, we've marked this too. Click on “SKY/BTC” to go on.

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

As soon as you have found {Skycoin (SKY)|(SKY) Skycoin}, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to create our own Limit Order.

The field with the “Price” tag will be filled with the most recent rate {Skycoin (SKY)|(SKY) Skycoin} was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of SKY you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of SKY.

When you are satisfied, make a mouse click on “Buy SKY”. Your order will be filled when a Seller trades their SKY for the price you submitted.

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

Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to take off your {Skycoin (SKY)|(SKY) Skycoin}, hover over the tab called “Funds” and click on “Withdraw”. {Skycoin (SKY)|(SKY) Skycoin} can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Skycoin (SKY)|(SKY) Skycoin} by using the given drop-down box. Drop in the quantity of {Skycoin (SKY)|(SKY) Skycoin} you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

When you're satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congrats! You have successfully purchased and stored Skycoin (SKY) in Anguilla.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the {Skycoin (SKY)|(SKY) Skycoin} is stored inside your wallet, you're done.

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