A Step-by-Step-Guide on how to buy Social Finance (SOFI)
Step 1 – Join Coinbase and receive 10$ in Bitcoin You'll first need to buy units of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and getting Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Social Finance (SOFI) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Social Finance (SOFI) As soon as your deposit has been approved, you will now have access to your finances and you can begin buying and trading. To invest in Social Finance (SOFI) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To spot Social Finance (SOFI), you will need to insert the cointype (SOFI) into the search-box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have marked this too. Click on “SOFI/BTC” to go on.
Step 4 – Buy (SOFI) Social Finance Once you have found (SOFI) Social Finance, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our own Limit Order. The “Price” field will be filled with the most recent valuation Social Finance (SOFI) was sold for. You can change this to your preferred price. The “Amount” field is the volumen of SOFI you like to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of SOFI. When you're glad, click on “Buy SOFI”. Your plan will be filled when a Seller sells their SOFI for the price you submitted.
Step 5 – Withdraw Social Finance (SOFI) Unless you are frequently trading, never keep your coins on an Crypto Trader for an extensive period of time. In order to take off your Social Finance (SOFI), hover over the “Funds” tab and mouse click on “Withdraw”. Social Finance (SOFI) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Social Finance (SOFI) by using the given drop-down box. Put into the quantity of (SOFI) Social Finance you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, click on “Submit”. You could be requested for phone/email verification ahead of a take off.