Sia is an amazing project that allows you to use a network to store data in a decentralized way, across many computers. Siacoin is the coin used on the network used to pay storage providers in exchange for them storing your data.
If you are interested in purchasing Siacoin to store your own files or are a speculator hoping for a price increase, this guide will teach you how to purchase Siacoin with all methods!
How to Buy Siacoin
This means that to buy Siacoin we need to buy Bitcoin or Ethereum on a fiat exchange, and then send them to Bittrex or Poloniex.
Coinbase is one of the most popular fiat exchanges and sells Bitcoin and Ethereum to all of US and Europe.
Coinmama is another option and allows instant delivery of Bitcoin or Ethereum when a credit or debit card is used.
After purchasing Bitcoin or Ethereum from one of the above exchanges, we are ready to send Bitcoin or Ethereum to Bittrex, where Siacoin is sold.
How to Buy Siacoin on Bittrex
Create an account on Bittrex, and then locate the deposit addresses for the currency you purchased in the first step. These deposit addresses can be found by going to Bittrex and clicking the wallets part on the navigation bar.
Once on the wallets page, search Bitcoin or Ethereum, depending on the currency you purchased in the first step and copy the address.
If you purchased Bitcoin or Ethereum on Coinbase, you will need to go the Coinbase, click the accounts tab, and then press the send button on the currency you purchased.
Paste the address into the recipient box and click confirm! In this example we sent Bitcoin, but it should be the exact same process for Ethereum.
Wait for your Bitcoin or Ethereum to arrive at the exchange, and then get ready for the next step where we are purchasing Siacoin!
Depending on what currency you purchased, you will need to go to one of the following trading pairs.
Upon clicking one of the exchange pages, you will see something like this:
The blue section is the order book, where we will be entering the amount of Siacoin that we want to buy. To get a good idea of the going rate, look at the red or green section.
When you have entered all necessary information, hit the buy button and wait for your order to get filled!