How to Buy Scolcoin (SCOL)

A Step-by-Step-Guide on how to buy Scolcoin (SCOL)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to buy units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Scolcoin (SCOL) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've selected the exact coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate (SCOL) Scolcoin

As soon as your deposit has been affirmed, you will immediately have access to your finances and you can begin buying and trading. To invest in Scolcoin (SCOL) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”.

To spot (SCOL) Scolcoin, you'll need to put the shortname of the coin (SCOL) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have marked this too. Click on “SCOL/BTC” to continue.

How to buy Coin on Binance 1 Scolcoin (SCOL)
Step 4 – Buying Scolcoin (SCOL)

Once you have spotted (SCOL) Scolcoin, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're going to create our Limit Order.

The “Price” field will be automatically filled with the recent price Scolcoin (SCOL) was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of SCOL you like to buy. The field with the “Total” tag is the total price in BTC that you will settle for the whole volumen of SCOL.

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

Step 5 – Withdraw Scolcoin (SCOL)

Unless you are regularly trading, never keep your crypto coins on an Crypto Exchange for an extensive time frame. In order to take off your Scolcoin (SCOL), hover over the tab called “Funds” and mouse click on “Withdraw”. (SCOL) Scolcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Scolcoin (SCOL) by using the given drop-down box. Drop in the volumen of Scolcoin (SCOL) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a take off.

Kudos! You have successfully purchased and stored (SCOL) Scolcoin.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with or and the Scolcoin (SCOL) is safe within your wallet, you're done.