A Step-by-Step-Guide on how to buy Steem Dollars (SBD) in Anguilla
Step 1 – Join Coinmama In the beginning you'll need to buy one of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Steem Dollars (SBD) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find Steem Dollars (SBD) As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can commence buying and trading. To buy Steem Dollars (SBD) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to discover Steem Dollars (SBD), you will need to put the short name of the asset (SBD) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've marked this too. Click on “SBD/BTC” to progress.
Step 4 – Purchase Steem Dollars (SBD) As soon as you've discovered Steem Dollars (SBD), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price Steem Dollars (SBD) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of SBD you like to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of SBD. When you're happy, click on “Buy SBD”. Your plan will be filled as soon as a Seller trades their SBD for the price you gave.
Step 5 – Withdraw Steem Dollars (SBD) Unless you're regularly trading, never keep your crypto on an Crypto Exchange for an extended time frame. To take off your Steem Dollars (SBD), hover over the tab called “Funds” and mouse click on “Withdraw”. Steem Dollars (SBD) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Steem Dollars (SBD) by using the given drop-down box. Drop in the quantity of Steem Dollars (SBD) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, click “Submit”. You could be asked for phone/email verification before a take off.
Kudos! You have successfully bought and stored Steem Dollars (SBD) in Anguilla.That's it! Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Steem Dollars (SBD) is stored in your wallet, you're finished.
And some more interesting Altcoins: