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Best places to buy Siacoin A Guide to Investing in SC

By Evelyn L. 8 min read

Did you made up your mind to invest in Siacoin but don’t really know how to buy SC. Well then if that’s the case then we are more than happy to assist you on this one right here. There are several methods to purchase Siacoin (SC), but a exchange is likely to be the most accessible for newcomers. We will guide you step by step from depositing your money to finally getting the Siacoin in your wallet. Let’s get into the crux and see what the process looks like.

Where to buy Siacoin

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Siacoin (SC) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Siacoin.

1. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell Siacoin (SC) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy Siacoin on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Siacoin (SC) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Siacoin you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Siacoin you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired SC in your Binance Spot Wallet immediately.


2. OKX

OKX crypto exchange, founded in 2017 and headquartered in the Seychelles, is a prominent cryptocurrency exchange that uses blockchain technology to provide clients with a diverse range of trading goods. Hundreds of tokens are available to clients in over 200 countries and you can easily purchase Siacoin (SC) using our step by step.

It allow users to purchase, sell, and swap multiple supported assets. It also allows you to lend and borrow specific coins, as well as join proof-of-work mining pools and earn crypto as a miner. OKX presently offers over 100 cryptocurrencies, as well as over 400 crypto trading pairings.

According to CoinMarketCap, OKX is now one of the top 20 cryptocurrency exchanges in the world by trading volume, and it has a global presence.

OKX Features

OKX cryptocurrency exchange is one of the most popular and functional tools for full-fledged work with digital assets today. The platform provides a remarkable collection of currencies, intriguing alternatives, speedy withdrawals, and a high level of system security.

  1. OKX is a major cryptocurrency trading platform with a one-stop shop.
  2. It is user-friendly and offers an easy-to-use interface.
  3. This platform is suitable for both novice and experienced traders.
  4. OKEx accepts 30 fiat currencies, including the US dollar, the Chinese Yuan, the euro, and others.
  5. It accepts 17 payment methods, including VISA, MasterCard, and others, for acquiring cryptocurrency.
  6. OKX's fiat gateway allows customers to purchase crypto for as little as 0% in transaction fees.
  7. The spot trading function offers an order book with great liquidity and low spreads.
  8. On the perpetual swap and future markets, users may trade cryptocurrency with up to 100x leverage.
  9. It prioritizes security and employs offline cold storage methods.
  10. The OKX app is also available for phones running Android and iOS.
  11. Other apps, such as referral and affiliate, reward users for referring new members to this site.
  12. The support system is extremely efficient and can be accessed in a variety of languages.

How to buy Siacoin on OKX

Follow our step by step guide below to start buying Siacoin (SC) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Siacoin from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Siacoin (SC) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Siacoin will be instantly deposited to your OKX account after payment is completed.


3. Kraken

The Kraken cryptocurrency exchange was launched in 2011 in San Francisco, California, and was one of the country's earliest bitcoin exchanges. Its Bitcoin trading platform was formally established in 2013 and has since grown to over 4 million customers in 176 countries.

The exchange provides a diverse range of investing alternatives to individuals and organizations in almost 200 countries worldwide. More than 90 cryptocurrencies, including bitcoin, Ethereum, and others, are supported by the investing software.

However, it does not provide services to traders in New York or Washington State. Kraken offers a number of extra services to institutions, corporations, and wealthy people.

Kraken Features

As one of the most established cryptocurrency exchanges in not just the United States, but the whole globe, you would be correct in assuming Kraken has amazing features. There are several reasons why people choose Kraken, and I'll go through a few of them below.

  1. Low transaction costs begin at 0.16 percent / 0.26 percent (maker/taker).
  2. Mobile applications for iOS and Android are available for over 50 different cryptocurrencies.
  3. Buy cryptocurrency using fiat money.
  4. Trade cryptocurrencies on the market or buy/sell them instantaneously.
  5. 24/7 Team of Live Chat Support.
  6. Kraken Terminal - sophisticated charts and tools.
  7. Futures trading and margin trading Stake cryptocurrency and fiat currency to earn interest and expand your investment.
  8. For significant trades, an OTC desk with individual assistance is available.
  9. Trading crypto in foreign currencies.
  10. Crypto exchange that is dependable, safe, and trustworthy

Getting Started with Kraken

The first step in using Kraken's services is to create a Kraken account.

Step 1: Make sure you're on the official Kraken website.

Step 2: In the upper-right corner, click the Create Account button.

Step 3: On the signup form, provide your email address, a username, and a secure password.

Step 4: Read their Terms of Service and Privacy Policy, check the box that says "I accept," and then click the Create account button.

Step 5: An activation email with an activation key should be sent to you.

Step 6: Enter your activation key on the account activation form, or complete the process by clicking the link in the email.

Step 7: Confirm your password, fill out the captcha if prompted, and then click the Activate Account button to proceed.

Step 8. Congratulations! You have successfully established your Kraken account and are now ready to begin.

How to buy Siacoin on Kraken

Buying Siacoin (SC) on Kraken is quite simple and straightforward.

1. Using the Buy Crypto button at the top of the page, pick the 'Buy' option.

2. Enter the name of the asset you want to purchase in the search area (in our case it is Siacoin). You may also go through the list of accessible crypto assets.

3. Enter the amount of cash you wish to spend, or use the toggle button to enter the amount of Siacoin you want to buy. Check that you have selected the right "Pay With" method before clicking the Preview button.

4. A confirmation screen will appear, displaying the asset volume being purchased, the stated asset price, fees, and the purchase cash amount.

5. If everything appears to be in order, click Submit Order to finish the order.

6. When buying with a debit or credit card, further validation with 3D Secure will be required.


4. Huobi Global

Huobi is one of the world's major cryptocurrency trading platforms, originally located in Beijing but now headquartered in Singapore. The exchange accepts both ICO tokens, cryptocurrencies and highlights the Blockchain economy's future development.

This Exchange has incredible features that appeal to global investors, such as derivative trading. It is a Huobi Global feature that allows you to trade in both futures and swap markets. This function truly assists exchange users in maximizing their earning potential.

Huobi Global is regarded as a secure and trustworthy platform for purchasing, trading, storing, earning, and selling 348 digital currencies. Tens of millions of consumers in more than 195 countries utilize the exchange, which accepts over 60 payment options for converting cash to cryptocurrency.

Huobi Global Pros

  • A wide variety of supported cryptocurrencies.
  • Simple to use interface.
  • Low Fees for trading on the Exchange.
  • Customer service chat is available 24 hours a day, seven days a week.
  • Offer buying large amounts of cryptocurrencies on OTC Desk.
  • There is an iOS and Android app available.

Huobi Global Cons

  • It might not be suitable for novices.
  • Hard to verify new accounts (KYC take some time).

How to buy Siacoin on Huobi Global

Follow the steps below to buy Siacoin (SC) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select Siacoin, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of SC you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.


5. Gate.io

Gate.io is one of the fastest-growing cryptocurrency platforms, featuring a premier Initial Exchange Offering (IEO) platform, several cryptocurrencies, leveraged margin trading, and other innovative financial services like as margins loan or loans. Despite having a robust trading engine, the platform interface is fairly cluttered and is not the greatest location for beginner investors to start.

Gate.io Pros

  • The platform is available in over 400 markets and 800 coins worldwide.
  • The IEO (initial exchange offering) platform is fantastic.
  • Strong mobile application.
  • There are several options available, including spot trading and margin trading with 10x leverage.
  • Exchange that is extremely secure.
  • Customer service is available 24/7.

Gate.io Cons

  • The exchange is unregulated.
  • It is not advised for inexperienced traders.

Getting Started with Gate.io

Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.

Step 1: Go to the official Gate.io website and click Sign Up.

Step 2: On the next screen, enter your email address, and create a password.

Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).

Step 4: You will be prompted to confirm your email address.

Step 5: Once you've verified your email, you can simply Login to the site and begin trading!

Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.


Other Exchanges to buy Siacoin

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy SC.

1. Upbit Join Now
2. BiONE Join Now
3. FMFW.io Join Now
4. HitBTC Join Now
5. Hotbit Join Now
6. BKEX Join Now
7. Crypto.com Exchange Join Now
8. BigONE Join Now
9. MEXC Global Join Now
10. WazirX Join Now


Conclusion

Choosing the best cryptocurrency platform for Siacoin (SC) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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