How to Buy Steem Dollars (SBD) in Anguilla

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).

Binance Signup
Step 2 – Transfer Your Funds 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 similar. Steem Dollars (SBD) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate {Steem Dollars (SBD)|(SBD) Steem Dollars}

As soon as your deposit has been approved, you will immediately have access to your assets and you can launch buying and trading. To invest in {Steem Dollars (SBD)|(SBD) Steem Dollars} on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To spot {Steem Dollars (SBD)|(SBD) Steem Dollars}, you will need to put the cointype (SBD) into the search box, which is highlighted in the picture. Be certain of having selected the proper pairing, we have highlighted this too. Click on “SBD/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Steem Dollars (SBD)
Step 4 – Purchase {Steem Dollars (SBD)|(SBD) Steem Dollars}

As soon as you have located {Steem Dollars (SBD)|(SBD) Steem Dollars}, you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are creating our Limit Order.

The field with the “Price” tag will be filled with the most recent price {Steem Dollars (SBD)|(SBD) Steem Dollars} was sold for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of SBD you like to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete quantity of SBD.

When you're happy, make a mouse click on “Buy SBD”. Your order will be filled as soon as a Vender sells their SBD for the price you submitted.

Step 5 – Withdraw {Steem Dollars (SBD)|(SBD) Steem Dollars}

Unless you are trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time frame. In order to withdraw your {Steem Dollars (SBD)|(SBD) Steem Dollars}, go to the tab called “Funds” and mouse click on “Withdraw”. {Steem Dollars (SBD)|(SBD) Steem Dollars} can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Steem Dollars (SBD)|(SBD) Steem Dollars} by using the given drop-down box. Enter the quantity of {Steem Dollars (SBD)|(SBD) Steem Dollars} you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Congrats! You've successfully purchased and stored Steem Dollars (SBD) in Anguilla.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). Once you've proved your take off using Ethplorer.io or Etherscan.io and the {Steem Dollars (SBD)|(SBD) Steem Dollars} is safe within your wallet, you are finished.

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