How to Buy SongCoin (SONG)

A Step-by-Step-Guide on how to buy SongCoin (SONG)

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

You will first need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. SongCoin (SONG) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (SONG) SongCoin

Once your deposit has been confirmed, you will instantly have access to your finances and you can launch buying and trading. To invest in SongCoin (SONG) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to discover (SONG) SongCoin, you'll need to insert the shortname of the coin (SONG) into the search-box, which is marked in the graphic. Be certain of having selected the proper grouping, we've highlighted this too. Click on “SONG/BTC” to progress.

Binance How To Buy 1 SongCoin (SONG)
Step 4 – Purchasing SongCoin (SONG)

As soon as you have located SongCoin (SONG), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date valuation (SONG) SongCoin was sold for. You can change this to your desired rate. The “Amount” field is the amount of SONG you want to buy. The “Total” field is the total price in BTC that you'll settle for the whole quantity of SONG.

When you are satisfied, click on “Buy SONG”. Your order will be filled as soon as a Vender trades their SONG for the price you gave.

Step 5 – Withdraw (SONG) SongCoin

Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an longer time period. In order to withdraw your (SONG) SongCoin, go to the “Funds” tab and click on “Withdraw”. SongCoin (SONG) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (SONG) SongCoin by using the provided drop-down box. Enter the quantity of (SONG) SongCoin you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

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

Congrats! You've successfully bought and stored SongCoin (SONG).

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 withdrawal with Etherscan.io or Ethplorer.io and the SongCoin (SONG) is safe inside your wallet, you're finished.