How to Buy Skycoin (SKY) in Australia

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

Step 1 – Join Coinmama

You will first need to buy units of the major coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and getting your Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Skycoin (SKY) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

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

Once your deposit has been confirmed, you will directly have access to your finances and you can start buying and trading. To invest in {Skycoin (SKY)|(SKY) Skycoin} on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”.

In order to locate {Skycoin (SKY)|(SKY) Skycoin}, you will need to insert the short name of the asset (SKY) into the search-box, which is highlighted in the image. Be certain of having selected the correct grouping, we've highlighted this too. Click on “SKY/BTC” to progress.

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

After you've located {Skycoin (SKY)|(SKY) Skycoin}, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the latest price {Skycoin (SKY)|(SKY) Skycoin} was traded for. You can change this to your preferred price. The ”Amount” field is the amount of SKY you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the complete amount of SKY.

When you are glad, click on “Buy SKY”. Your plan will be filled when a Seller trades their SKY for the price you offered.

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

Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Trader for an longer time frame. To withdraw your {Skycoin (SKY)|(SKY) Skycoin}, go to the tab called “Funds” and mouse click on “Withdraw”. {Skycoin (SKY)|(SKY) Skycoin} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Skycoin (SKY)|(SKY) Skycoin} by using the provided drop-down box. Put into the volumen of {Skycoin (SKY)|(SKY) Skycoin} you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and stored Skycoin (SKY) in Australia.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the {Skycoin (SKY)|(SKY) Skycoin} is stored in your wallet, you're done.

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