Can You Actually Make Money From Syscoin SYS Mining
With Syscoin, it doesn't just end at money and trading. The Syscoin (SYS). What is Mining in CryptoCurrency? Do you have a Syscoin mining pool that’s not listed here? Sys blockmarket is 100%. And how which website to confirm the coins are actually in there.
Now we'll back up your wallet files. This is important, because if your computer crashes or is lost, you need to be able to open your wallet on a new computer.
Your wallet files are stored at: Windows C: Users [USERNAME] AppData Roaming Syscoin Mac The wallet directory is located in: /Users/[USERNAME]/Library/Application Support/Syscoin Note: the Library directory is hidden by default, you can quickly access this directory by pressing: CMD + Shift + G in Finder then typing: ~/Library/Application Support/Syscoin Copy the files stored in these locations onto a backup hard drive, USB stick etc. And put it somewhere safe. Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID), email, password and location. Just like a US bank, Coinbase is regulated by the US government, and has to follow strict financial rules. So they take verifying your identity very seriously.
It's a pain, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency. To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy. Click 'Quick buy'.
In the first input box, write how much money you want to spend on Bitcoin. In the first drop down menu, select your currency. For example USD is US dollars, GBP is Great British Pounds etc. Then in the next drop down select the country you're in. If you wish to buy Bitcoin without needing to provide any ID, click the check box beside 'ID not required'.
Please note that this may limit the numbers of sellers, and may be a more expensive way to purchase Bitcoin. In the final drop down menu you're given a wide range of buying methods. You can choose to look for sellers that accept Paypal, bank transfers, Amazon gift cards etc.
- or just choose to look at all options. Once you're happy with your selections, press Search. You'll be given a list of sellers matching your criteria.
Beside their user names you will see the number of transactions they have done on the site (e. Why Mine Nexus NXS. g. 1000) and their feedback (e.g.
100% positive). You will also see the payment methods they accept, the price they're selling Bitcoin at and any limit to the amount they will sell in one transaction (for example, they might have a lower limit of $50 and an upper limit of $10,000 for a single transaction). Choose which seller you'd like to use and click 'Buy'. On this page, read the terms of trade with your selected user. Make sure you're happy with them. Pay attention to the opening hours- are they open right now? Also pay attention to the 'payment window'- this is how long you have to pay after sending the trade request.
If you're not ready to send the payment within that time frame, don't continue. Once you are ready, input the amount of Bitcoin you'd like to buy in your chosen currency. You may be limited to a smaller amount as this is your first time using LocalBitcoins- your limit will increase as you get positive feedback. You may choose to write a message to the seller, but this isn't required.
Press 'Send trade request'. Now we've got to wait a few minutes for the coins to move across the network. Unless there's an unusually large network backlog, the coins will take between 40 and 60 minutes to appear in your Livecoin wallet. Close the pop-up showing your wallet address so you can see your wallet balance. The page does not automatically update so refresh it occasionally to see if the coins have arrived.
You will also get an email once the coins have been credited to your account. While you're waiting, consider sharing this guide with your friends and followers to spread the word about Syscoin, encouraging its popularity and value to grow. Here's some share buttons to make it easy. This page will look overwhelming at first, but don't panic as we'll only be using a small part of it. Beneath the title 'BUY SYS FOR BTC' find the button labelled 'Switch to market order' and click it. Beside that button is a display telling your how much BTC you have available for trade.
In the box marked 'You get', you will now see the maximum amount of SYS that you can buy using all of your BTC. If you don't want to use all of your BTC in this purchase, you can edit this number to be lower. Once you're happy with the amount, press 'BUY SYS'. You now own your own Syscoin! If you're comfortable with it, you could just leave your coins on Livecoin and they would probably be safe. However, exchanges have been hacked in the past, and people have lost coins, so we do recommend you keep them in a personal wallet. Here's how: Click 'Balance' along the top menu.
Under 'CRYPTOCURRENCY BALANCE' find 'SYS'. Beside it, press 'WITHDRAWAL'. In the 'TRANSFER TO WALLET' column, in the box marked 'Account, SYS', write the amount of Syscoin you want to withdraw to your wallet. Note: You will have to pay a fee to withdraw the coins, the amount is shown beside 'Fee'.
Remember to deduct this fee from the number of coins you're withdrawing or it will fail (see the image for an example). In the box marked 'Syscoin address' put the wallet address that you copied from Blockmarket wallet (in step 6). Press 'SEND A PAYMENT'. You will be asked to confirm the withdrawal. Double check over the details, such as making sure you put the correct wallet address, then press 'Confirm'.
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