SALT Buying Guide
* Coinbase promotion – by clicking above and spending $100 you’ll get $10 in free Bitcoin deposited into your coinbase wallet automatically.
* Affiliate Link
Step 1: Salt Buying Guide Instructions
1. Click link above to claim $10 in FREE Bitcoin. Even if your buying EOS this is free money so might as well take it.
2. Type name.
3. Enter e-mail. Create a new google e-mail account.
4. Enter a password. Make it very strong and store it in a secure location.
5. Verify you’re human and over 18.
6. Click Create Account
1. Verify phone number with 2 factor authentication or “2FA”.
2. Receive code via SMS text message from Coinbase.
3. Enter code exactly as received into required field.
1. From Dashboard navigate to buy/sell tab.
2. Verify the buy tab is selected.
3. Choose Bitcoin, Litecoin, or Ethereum.
4. Select Payment method from drop down menu.
5. Select amount of USD or native fiat currency to convert to bitcoin.
6. PUSH button – “Buy ***** Instantly”
7. Wait for transaction to process.
1. Verify the coins have been applied to your correct Coinbase wallet.
You’ll notice I don’t have any funds 🙁 in my wallet. If I had I’d be able to see the balance on the left and any transactions on the right.
* Please note, depending upon the amount of network traffic this can take a few minutes. Stay Calm 🙂
Locate the send button in the respective wallet for the coins you purchased. If you purchased Bitcoin locate the send button in the Bitcoin wallet. If Litecoin, then the send button in the Litecoin wallet, etc.
Before you can proceed you’ll now need to setup a Binance account. Click the button below to open the Binance exchange in a new window.
Choose an e-mail address.
Enter a strong password. Write it down and store it securely. Then confirm password in the following box.
The last box should have my referral code: 23708715 automatically applied, if it doesn’t I hope you’ll consider using it. Doing so will yield me a small commission for my effort building and maintaining this site. If you choose not to i understand, but please know this DOES NOT and NEVER WILL allow me access to any of your information.
Finally, agree to the terms and click register.
This screen should appear. Proceed to the relevant email account and locate the “Confirm your registration” e-mail from Binance.com.
Click the big yellow button “Verify Email”.
Also, take note of the security tips at this time to stay safe using Binance.com.
After clicking you’ll receive a notification that verification was successful. Please login using the credentials submitted in step 11.
Upon first login you’ll be taken to the account screen. At this time it is advisable to setup 2 factor authorization to access your account. I won’t provide that screen as an image because i don’t want to share my account access information. However, the steps on screen are self explanatory. You’ll need to download an app on your phone named “Google Authenticator” or alternatively you can use SMS verification. Either is effective and highly recommended.
Once complete you can begin trading.
* Please note that should you wish to withdraw more than 2 Bitcoins (approx. $20,000 as of this writing) you’ll need to verifiy your identity with Binance.com through the account page by clicking the link “submit verification documents”.
* TRIPLE CHECK – Make triple sure you’re sending the same coins from your Coinbase account to your Binance account. Failure to send the same coins will result in losing those coins.
Now head back to Coinbase.com and enter the deposit address key (from Binance) into the recipient field on the “send” page.
* Please note – there are network fees required. I hate them to.
Verify how much you wish to send to Binance and click continue.
You may need to verify with a password or SMS text. Do so when prompted.
* At this point we’ll need to wait for our funds to travel through the network to its destination. Barring extreme traffic this is usually complete in under an hour and typically much faster. Just stay calm and wait for the funds to arrive in Binance.
Once our funds are available on Binance we are ready to buy our Salt coins.
Navigate to Exchange > Basic.
Locate the Coin list on the right. If you will be buying Salt with Ethereum select the “ETH” button. To purchase Salt with Bitcoin select the “BTC” button.
* If you bought Litecoin or Bitcoin Cash from Coinbase. You’ll have to convert whichever one to Bitcoin or Ethereum prior to buying any other coin.
Locate the search box and Type “Salt”
* Click the Salt/BTC or Salt/ETH link to open the buy/sell page.
With the buy/sell page open, locate the Limit, Market, & Stop Limit tabs in the lower center of the page.
Select Limit or Market order tab. Limit order means the price you choose is guaranteed but a filled order is not. Market order means a filled order is guaranteed but a price is not.
* I always do limit orders and try until i get filled at the price I’ve set. This avoids being filled at a poor price which market orders can sometimes lead to.
Select the Limit tab.
Take note of the price in the left middle. (Red arrow)
Enter that price into the price field.
Select the amount of Bitcoin or Ethereum you would like to exchange for Salt.
* The percentage buttons below can be used for convenience. For instance, if you would like to exchange all of the Ethereum in your Binance wallet for Salt click the 100% button.
With every field entered. Click the green “Buy Button”.
* Wait a few minutes for a fill. If price is moving quickly you may have to enter another price and retry. Open orders (orders that haven’t been filled) and filled orders can be viewed on that page directly below the buy/sell section.
Once the fill is complete. You are now the proud owner of some Salt tokens! Congratulations!
Click funds > Balances > Search Salt to verify your coins are in the exchange wallet
At this point you’ll need to consider storage options. There are a few different storage solutions and one of them is to just keep your coins on the exchange right where they are. Generally this is acceptable, so long as the amount being stored is small. However, cryptocurrency exchanges don’t have the greatest track record for stability. At any time they could be hacked or simply shut down and walk away with the money inside. This leads most traders or investors to store their coins in a hardware wallet or other cold storage option. Cold storage meaning not connected to the internet. I recommend the Ledger Nano S located below but their are several hardware wallets available. Just be sure not to get a used one on ebay. I would order direct from the manufacturer for something storing potentially millions of dollars of my money.
Should you find yourself ready to sell your coins simply complete the steps above in reverse.
1. Transfer coins to Binance.com
2. Sell on same screen they were bought.
3. Transfer Bitcoin or Ethereum to Coinbase.
4. Sell on Coinbase for USD.
That’s all there is to it. Seems daunting initially but after the first go around its easy and much less scary.
I hope you found this guide helpful. If you did I would appreciate you sharing with your friends or family.
A collection of how-to guides and cryptocurrency best practices for both the novice investor or the surgically precise trader.
© 2018 Coinstreek.com