How to Buy SilkCoin (SLKC)

A Step-by-Step-Guide on how to buy SilkCoin (SLKC)

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

You'll first need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and receive Ethereum or Bitcoin.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. SilkCoin (SLKC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Locate SilkCoin (SLKC)

Once your deposit has been verified, you'll directly have access to your finances and you can launch buying and trading. To purchase SilkCoin (SLKC) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

To find SilkCoin (SLKC), you'll need to put the cointype (SLKC) into the search-box, which is highlighted in the graphic. Be certain of having selected the right grouping, we've highlighted this also. Click on “SLKC/BTC” to proceed.

How to buy Coin on Binance 1 SilkCoin (SLKC)
Step 4 – Purchase SilkCoin (SLKC)

As soon as you have found (SLKC) SilkCoin, you will be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to create our Limit Order.

The “Price” field will be filled automatically with the most latest tariff SilkCoin (SLKC) was sold for. This can be changed to your preferred rate. The “Amount” field is the volumen of SLKC you like to purchase. The “Total” field is the aggregated price in BTC that you will settle for the complete amount of SLKC.

When you are glad, make a mouse click on “Buy SLKC”. Your plan will be filled as soon as a Seller trades their SLKC for the price you introduced.

Step 5 – Withdraw SilkCoin (SLKC)

Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time frame. To withdraw your SilkCoin (SLKC), go to the “Funds” tab and mouse click on “Withdraw”. (SLKC) SilkCoin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SLKC) SilkCoin by using the provided drop-down box. Put into the volumen of (SLKC) SilkCoin you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your precise withdraw address.

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

Kudos! You have successfully purchased and stored SilkCoin (SLKC).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your take off using Ethplorer.io or Etherscan.io and the (SLKC) SilkCoin is stored in your wallet, you are finished.