If the question on your mind is – Where Can I Buy Siacoin (SC)? This step-by-step guide should help.
If you’re looking to invest in this cryptocurrency, this tutorial is all you need to follow.
With that said, let’s begin.
Table of Contents
What Is Siacoin (SC)
Siacoin or SC as it’s interchangeably called is a cryptocurrency token that you can invest in. As an investor, it often pays to do some research before you invest in a project to improve your odds in the long run.
Sia is one of the leading decentralized cloud storage platforms. It doesn’t require signups or servers or even third-party parties.
It can create data storage marketplaces by leveraging blockchain technology. Unlike traditional storage options, Sia can offer up to 2 Petabyte (PB) storage. The files on the decentralized network are secure and encrypted too.
How to Buy Siacoin
There are many ways on how to buy Siacoin.
One of the most popular and secure sources to buy Siacoin is a cryptocurrency exchange called Binance.
Binance has been one of the top exchanges for nearly 3 years and is one of the largest by volume. Not only does it support a range of altcoins/alternative coins, but it’s also one of the most secure platforms.
Step 1 – Creating a Binance Account:
Once you’ve entered the details, it will prompt you to verify your email address.
Log into your email account, find the verification code and get your account verified.
Step 2 – Setting It Up
Once you’ve completed the first step, you’ll be greeted by a familiar dashboard.
Before you go ahead and make a purchase, it’s always a good idea to get your identity verified. This will also secure your account and prevent unauthorized access in the future.
Just follow the on-screen instructions and your account should be ready in no time.
Step 3 – Purchase Bitcoin
You can make a purchase directly on Binance and buy Bitcoin directly credit/debit cards with USD.
The payment options may differ depending on your country, but the process is pretty much the same. If your currency is not USD, you can select EUR or the one that suits you best.
Once you’ve purchased some Bitcoins, you can either store them in your Binance wallet or exchange them for altcoins like Ethereum or rather Siacoin in this case.
Step 4 – Where Can I Buy Siacoin (SC)
That brings us to the final step. Here we will be exchanging/trading Bitcoin or Ethereum for Siacoin.
If you’re reading this step, you already have Bitcoin/Ethereum ready in your account. If not, complete the first three steps before you begin this one.
Go to SC’s Bitcoin pair or Ethereum pair, depending on what you already possess.
Depending on how much Siacoin you may want to buy, select your options.
If you want to trade all your Bitcoin for SC, select 100% in the Buy options and click buy. The market option is to buy the coin/token at the current price, and the limit option is for traders who are looking to buy at a certain price.
Unless you’re involved in trading, you don’t need to consider the Limit Buy option. Just select the percentage of your Bitcoins that you want to allocate to your preferred altcoin, and it will sit in your hot wallet.
Final Words & Conclusion
That brings us to the conclusion of this ‘where can I buy Siacoin (SC)’ guide. We hope this helped you make a purchase. If not, did you get stuck on any step? Or did we miss anything in this step-by-step tutorial?
Either way, let us know by leaving a quick comment down below.
Once you’ve purchased Siacoin (SC) or any other cryptocurrency of your choice, be sure to strengthen the security of your Binance account so it’s never compromised.
A two-step authentication application like Google Authenticator should greatly help secure your account if you don’t have an existing authentication app. You can also withdraw your tokens to a compatible wallet if you don’t want to leave them on the exchange.