How to Buy Silver Coin (SCN)

A Step-by-Step-Guide on how to buy Silver Coin (SCN)

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

You'll first need to buy units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and getting Bitcoin (BTC) or Ethereum (ETH).

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

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

Make sure you've chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find (SCN) Silver Coin

Once your deposit has been approved, you'll immediately have access to your finances and you can initiate buying and trading. To buy Silver Coin (SCN) on Binance, you'll want to go to the “Exchange” tab and after that mouse click on “Basic”.

In order to find Silver Coin (SCN), you'll need to insert the shortname of the coin (SCN) into the search-box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this too. Click on “SCN/BTC” to advance.

Binance How To Buy 1 Silver Coin (SCN)
Step 4 – Acquisition of (SCN) Silver Coin

Once you've located (SCN) Silver Coin, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we are creating our Limit Order.

The “Price” field will be filled automatically with the most up-to-date tariff (SCN) Silver Coin was traded for. You can change this to your favoured price. The field with the “Amount” tag is the amount of SCN you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of SCN.

If you are happy, make a mouse click on “Buy SCN”. Your order will be filled when a Vendor trades their SCN for the price you offered.

Step 5 – Withdraw (SCN) Silver Coin

Unless you're trading, you should never keepyour crypto coins on an Exchange for an extensive period of time. To take off your Silver Coin (SCN), go to the “Funds” tab and click on “Withdraw”. (SCN) Silver Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SCN) Silver Coin by using the given drop-down box. Put into the quantity of (SCN) Silver Coin you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are glad, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congrats! You've successfully bought and safed (SCN) Silver Coin.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with Etherscan.io or Ethplorer.io and the Silver Coin (SCN) is stored in your wallet, you're all done.