A Step-by-Step-Guide on how to buy SonoCoin (SONO)
Step 1 – Signup to Coinbase and receive 10$ in Bitcoin In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. SonoCoin (SONO) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH 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 our how-to).
Step 3 – Locate SonoCoin (SONO) Once your deposit has been verified, you'll directly have access to your assets and you can initiate invest and trading. To buy SonoCoin (SONO) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot (SONO) SonoCoin, you'll need to put the short name of the asset (SONO) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've highlighted this too. Click on “SONO/BTC” to proceed.
Step 4 – Buying (SONO) SonoCoin Once you've spotted SonoCoin (SONO), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our own Limit Order. The “Price” field will be filled with the recent price SonoCoin (SONO) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of SONO you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the whole volumen of SONO. When you're happy, click on “Buy SONO”. Your order will be filled as soon as a Vendor trades their SONO for the price you submitted.
Step 5 – Withdraw SonoCoin (SONO) Unless you're frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time period. In order to withdraw your (SONO) SonoCoin, go to the tab called “Funds” and mouse click on “Withdraw”. (SONO) SonoCoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find SonoCoin (SONO) by using the provided drop-down box. Put into the amount of (SONO) SonoCoin you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.