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You can find many trading platforms on the WWW nowadays, but clearly Binance is among the most popular and innovative.
But if you need to start out operating on it, the first thing you need to do is to understand how to buy Shield Token (SID).
Prior to stepping into the exciting world of cryptocurrency on the Binance platform, you need to know the following.
To be capable of buying Shield Token (SID) on Binance, the initial step you must know is how to subscribe.
Registering to the Binance platform is quite simple: check the following guidelines.
Proceed to the Binance homepage and press on the "Register" key.
You can log in directly by pressing here.
Look for the "Register with a phone or email" button in the main page and press it.
This can also be done with any iOS tablet.
In this article you’ll will see the subscription process using an email address.
Binance will immediately send a one-time-only activation password (remember: this is NOT your password) that you’ll enter it in the corresponding box, then press "Send"
And that’s it! You are now and authorized subscriber of Binance.
You’ll see it’s easy to access the Binance platform and get to know all the options it offers.
You’ll discover how easy is to begin operating with Shield Token (SID).
The identity verification is a mandatory step you need to fulfill to gain access to all those options.
It is very important to notice that unless you fulfill this security step, you will not get permission to begin operating with Shield Token (SID).
In the following instructions, you’ll learn how to do it. Hassle-free.
The following are the instructions to verify your Binance subscription and get authorized to start trading:
On the main screen, place the mouse pointer on the user profile button and a list will immediately show up where you will need to press "Security"
You can also press "Verify" button at the top of the navigator window
Locate the option "Identification" on the left side of the screen.
Now you should select your country of residence.
Now, the 3 levels of verification:
Press the "Start now" button below the "Verified" label, for this is the beginning level.
Then it will appear a pop-up window where you must enter the following information:
It is time to verify your identity using a legal document.
You can do this by using your passport, ID card, or license.
In the next step, you will be asked to take a selfie, according to the platform’s instructions.
Now you will have to wait for a short time while an account verification process is performed.
Now you must wait until your request has been accepted. Be patient, the platform is going to send you an e-mail.
The following instructions will guide you through the Shield Token (SID) purchasing process. As soon as you’ve got the confirmation email, you have become a Binance licensed Shield Token (SID) trader.
In this section you’ll discover how simple is to invest your money in Shield Token (SID).
Here, the Binance platform will ask you to provide a legal document for identity verification.
You can do this by using your passport, ID card, or driver’s license.
Now the system will require you to take a selfie following certain guidelines.
Once those requirements have been completed, the Binance platform will perform a verification process on your account.
As soon as your request has been accepted, Binance is going to let you know via e-mail, just be patient.
The following instructions will guide you through the Shield Token (SID) trading process. As soon as you’ve got the confirmation email, you’re a Binance licensed Shield Token (SID) trader.
In this section you’ll learn how simple is to convert money into Shield Token (SID).
You will probably find more than one option throughout the process
To know which alternatives are available to you when making a purchase, look for the "Buy cryptos" menu on the Binance main page.
You need to, of course, make this happen once you are signed into your account
Hovering your mouse pointer over this button will show a list of alternatives for making your purchase.
Now you’ll have to to use a legal document to check your identity.
ID card, passport or even a driver’s license are all valid documents to fulfill this formality.
Now the system will ask you to take a selfie following certain guidelines.
The final step is on Binance’s side: a corroboration process that will take only a short time.
Once your application has been approved, Binance will let you know via e-mail, just be patient.
After that, it’s time to acquire Shield Token (SID), just follow the guidelines below.
Take a time to know how to convert money into Shield Token (SID).
You may find more than one option throughout the process
Use the "Buy cryptos" menu on the Binance homepage to know which options you have when making a purchase.
Certainly, you’ll only be able to do this after you’ve logged in
Placing your mouse pointer over this option will display a list of alternatives to make the purchase.
What you will do to buy the Shield Token (SID) you want using a credit card, should be to pick this method from the "Buy Cryptos" drop-down menu.
Read on for detailed guidelines:
In the next box, choose the currency you wish to use and specify how much you want to invest.
Next, pick the Shield Token (SID) you are going to purchase
The quantity of Shield Token (SID) you’ll get will depend upon the amount of USD you’ve recently stated. The Binance system will automatically display it.
Next, just follow these instructions:
Now you must choose the currency you wish to use and type the amount you want to invest.
The the Shield Token (SID) you’d like to get must be indicated in the second field
The quantity of Shield Token (SID) you are going to be given will depend upon the amount of USD you’ve previously invested. The Binance system will automatically display it.
Click "Continue".
Now you must specify the method of payment you’ll use. To pay with a credit card, select in the "Visa/Mastercard" field the option "Add card".
Type your card numbers and press "Next".
In this step you must indicate the physical address details of the card. After this, select "Add card".
Now that your card has been successfully included, press "Continue".
Next, all the relevant details of the transaction will be summarized: the sum you are paying and the corresponding currency, and of course, the cryptos you are going to get.
It will also indicate the commission will be charged for the transaction.
You have 1 minute to click on "Confirm", otherwise the order will automatically expire.
The platform will now redirect you to the credit card issuing bank. There you will complete a standard on-line payment using your credit card.
Your recently purchased Shield Token (SID) will be available in your Binance digital wallet (referred to as the «Spot Wallet») as soon as the banking procedure is complete
The system will now display the synthesis of the purchase order you are creating. The sum you will pay in the currency you have picked, and the Shield Token (SID) you will get.
Another detail of relevance in this overview is the percentage Binance will charge you as a commision for making the purchase.
You have 1 minute to press "Confirm", otherwise the order will be automatically aborted.
The following step must be done on the credit card banking platform. Follow the instructions in the same way you would pay with your credit card.
You can take a look at your Binance digital wallet (referred to as the «Spot Wallet») once the banking procedure has been completed to see your recently bought Shield Token (SID) already credited
Now that the new payment method has been configured in your profile, go to the top part of the display and hover on "Buy Crypto" to drop-down the menu and choose "Trading P2P". Then see the following directions:
The seller, upon receiving your payment, will instantly release the Shield Token (SID).
You may check your wallet Binance balance to confirm reception.
Nonetheless, you must move them to your Spot Wallet in case you would want to get another cryptocurrency.
You can move them immediately immediately after the buying order has been completed just by clicking "Transfer to Spot Wallet".
This Shield Token (SID) internal movement can be done whenever you need.
When you have made a payment to the seller, they may release the Shield Token (SID), just by confirming payment reception.
You may see your wallet account balance to confirm reception.
Note that you need to transfer them to your Spot Wallet in order for you to get another crypto.
You can move them immediately right after the buying order has been completed just by clicking "Transfer to Spot Wallet".
This Shield Token (SID) internal movement can be done anytime later.
That’s it! Now you will have money in the Spot Wallet and you will be able to purchase any of the several of Shield Token (SID) that the Binance platform has.
See how easy is to purchase any crypto from the Binance platform:
With these money already in your Spot Wallet, nothing keeps you from trading any crypto you believe might yield the greatest profit.
To purchase Shield Token (SID) from Binance what you just have to do is described below:
You’ve already learned how simple is to start out trading Shield Token (SID) on Binance.
So, no need to think twice, make a worthwhile business within this crypto platform.
In case you wish to earn money through cryptocurrencies, you should know how to utilize the Kucoin platform. This form oftrade is getting great benefits to any or all its users, in fact it is showing increasingly more evolution in all its operations.
If you want to learn very easily how to purchase a Shield Token (SID) in Kucoin, you must read this article.
When you have created your account into the Kucoin platform and complied the safety requirements, you must deposit your cash. This technique is quite simple, good news is that there are several options to do that.
One of them should be to navigate to the "Assets" or "Balance" section at the top right on the screen and choose the "Deposit" hyperlink. Next, select the Shield Token (SID) you would want to deposit into your account to buy new cryptos, for example, USDT.
Next, you will have to pick the network you will use to make the operation. All of us advise Tron (TRC20) since it requires the lowest commissions.
Next you’ll find the address you need to insert in the «Exchange» where you currently have the USDT you wish to send to Kucoin. When you do this, you can expect to get the funds in your main account immediately.
If this is not working in your country, you should attempt moving funds to your account via P2P trading. This kind of purchase means that you make a standard bank transfer to any of the documented traders to obtain any of the authorized cryptos.
Now that you get the money in your account, it’s time for you to start interacting the Kucoin website.
Before buying a Shield Token (SID) on Kucoin you have to send the money you’ve just purchased to the trading account. To get this done you have to navigate to the "Balance" menu, click on the main account, enter the cryptocurrencies after which choose «Transfer». This last option can be found on the same line than the currency you are going to use to complete the purchase.
If that is not working in your country, you could attempt moving the money to your account through P2P trading. This type of purchase signifies that you make a traditional bank transfer to one of the documented traders to receive any of the approved cryptos.
Now that you received the money in your account, it’s time to start navigating the Kucoin platform.
Before buying a Shield Token (SID) on Kucoin you have to send the money you’ve just purchased to the trading account. To achieve this you must click on the «Balance» menu, click on the main account, enter the cryptocurrencies and then choose «Transfer». This last option can be situated on the same line as the currency you are going to use for the purchase.
After that, you are sent to a menu to pick where you are going to send the funds. You must transfer from the "Main Account" to the "Trading Account", and add the currency and the quantity you want to send to operate. Then visit "Confirm".
Now that you have the money already credited in the account, you are able to purchase your crypto and start trading.
Next you will see how to buy Shield Token (SID) in diverse methods. To start, you should access the «Trade» menu and select "Spot trading" (Spot Market). After that write the term Shield Token (SID) in the search line at the top corner of the page.
The platform will show you the crypto pairs you are able to trade with.
In short, you will only be in a position to purchase Shield Token (SID) only with the crypto pairs it shows you.
Just for this case, you can do it with «USDT», «USDC», «KCS», and «BTC».
We choose ADA/USDT since we’ve got funds in this pair. When we do this, it immediately loads the crypto chart and the order book with all the buy and sell tradings.
In order to be able to make the transaction, you will have to enter the trading password.
At the bottom on the right-hand part, the markets to trade crypto can be found, enabling immediately «Spot». There we now have 3 ways to buy Shield Token (SID). Those are the following:
You can also establish the order activation yet process it at the greatest market price. You are going to do this by going to "Stop Market", and writing in "Stop Price" the sum you desire the Shield Token (SID) to reach to activate the order and the amount of USDT to pay. By hitting Buy Shield Token (SID), your order will be executed at the market rate once it is the just like the stop price you have previously set.
With just one of these three options, you already have the Shield Token (SID) tokens you’ve just bought available in your trading account. From this moment you may trade with it or you can purchase other cryptos. Remember that with Shield Token (SID) you’ll only be capable to get the cryptos available in their pairs. Frequently you will have to trade the Shield Token (SID) for a crypto that is usually available in the Shield Token (SID) pairs, such as BTC, USDT, and BNB, and after that you can get the one that you actually want.
You can now buy a Shield Token (SID) from the Kucoin site.
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Shield Token is a series of smart contracts that allow anyone to issue and trade tokenized assets. The price and status of real-world assets are tracked and monitored by an oracle. A dynamic balancing mechanism is implemented to allow miners and traders to make maximum profits. Meanwhile, the betting group ensures that the market price is stable and full of vitality. A synthetic asset issued on Shield is called an sAsset. For example, a synthetic version of Google's real asset would be called sGoogle. The Shield protocol uses automated market makers (AMMs) to facilitate asset trading against stablecoins. A critical function of the Shield protocol is the import of data on asset prices outside of the blockchain. This is necessary to determine the amount of collateral required to mint an asset and to assess whether enough collateral is locked up for existing assets. The protocol accomplishes this through an Oracle mechanism. Shield token holders submit votes on each asset, which the protocol aggregates to calculate a weighted median for each holder's Shield token holding. Oracle Shield sends prices with high frequency to match real-time prices of exchange-traded assets.