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In this tutorial you will find a quick step-by-step guide, so that in no time you can buy Syscoin (SYS). Forget about guides that are eternal and confusing and make you waste your valuable time. Here we have included a video so you won’t miss any step, besides solving all the doubts on how to get this cryptocurrency. So let’s stop wasting time and get down to the important stuff.
- Create an account with Binance (Link below to create your account) or login if you already have one.
- Deposit Funds with your credit card or wire transfer.
- Go to markets, FIAT markets, and exchange your currency for USDT. In my case, EUR/USDT.
- We go to Sell EUR to get USDT, and exchange the amount we want of our currency for USDT.
- With USDT, we return to markets, and we look for SYS, to click on the pair SYS/USDT.
- We indicate the amount we want to buy and click on Buy SYS.
- Congratulations, you have already bought Syscoin, and in your main panel you will see the cryptocurrency.
Where to Buy
This cryptocurrency can be bought on different platforms and exchanges. Our recommendation is to use Binance to buy this cryptocurrency. Because the most used Exchange in the world, and we have the full tutorial below in the video below. But it is the same system on other platforms if you find also this cryptocurrency listed.
Still, we have another very good option if you are looking for something simpler, easy to use and secure. Being one of the few regulated platforms and located in Europe, with all that implies for investor protection compared to other platforms. We are talking about Bitvavo, which if you do not have an account, you can get €10 free with the link you will see below. If you are looking to diversify or do not have any account on a cryptocurrency platform, Bitvavo is a great place to start or have funds with greater security of not losing them.
In case you can’t watch the video, let’s take a look at the guide below in full detail.
Complete Step by Step
The first step is to create an account with Binance to follow the instructions that we will now see, above you will find a link to do so.
With your account created, the next step is to log in and deposit funds. For me, the most practical way is by credit card, although it has a commission that is usually around 1.8%, you can have the balance instantly in your account, while with transfer, there is no commission, but you must wait a few days to have the balance available. For the low cost, if they are not large amounts it is worth using the card for deposit.
When you deposit you will receive your currency, in my case Euros. With your funds,we must firstbuy a stablecoin or another cryptocurrency, in my case, I like to use USDT (Tether). Since with USDT you will be able to buy 95% of the cryptocurrencies in Binance. To do this, go to markets/markets, and click on FIAT market. Here, we will look for our currency, in my case Euros (EUR). And you will see the EUR/USDT pair. Sometimes there are pairs already with EUR or other currencies or they are added over time, but we recommend that you always switch to USDT for convenience and flexibility to buy and sell any cryptocurrency within Binance.
Let’s go to this pair, and we go to the red sell button. Since what we need to do is to exchange Euros for USDT, or your currency. Indicate the amount of euros you want to change or your currency for USDT. Click on sell and that’s it, you will have USDT.
With the USDT in your balance, you must go again to markets, FIAT market, and search for this cryptocurrency. We will search for SYS and not Syscoin, since this is the ticker it has, and therefore we must search instead of the full name of the cryptocurrency. Otherwise, it will not appear. Now you will be able to see the SYS/USDT pair.
Click on it, and now go to the buy part with the green button. Here, indicate the amount of USDT (Tether), which we bought earlier, or the one you want to use to buy Syscoin, and click on buy. With this, you will already have Syscoin in your balance. Yes, it’s that easy.
Now, you will see at the top right of the screen that the transaction has been completed with a green tick.
You can go back to the main panel to see your new cryptocurrency. If you want to withdraw it, you must click on the Syscoin cryptocurrency, withdraw, and indicate the address you want to withdraw it, either your metamask wallet, another exchange or another platform. You can find a guide on our blog if you don’t know how to withdraw cryptocurrencies from Binance.
If you follow these steps, you can have SYS in just a few minutes in your account. Register today with Binance so you don’t miss your chance before the price skyrockets.
Syscoin (SYS) Price
what is Syscoin?
We build a world in which freedom is in your hands
We pioneer the innovations you need in decentralization, security, scalability and enterprise.
Our modular architecture is designed to offer the greatest flexibility to developers, and to provide the most efficient negotiation of the blockchain trilemma with the lowest tradeoffs. Our dual Layer 1 chain allows you to have the most cutting-edge tools from both primary blockchain paradigms (UTXO and EVM) and elevates them to true scalability through Layer 2 solutions.
Syscoin’s native blockchain incorporates our Z-DAG innovation, which provides near-instant probabilistic security in addition to low-cost PoW settlement for assets. The optional compliance ruleset makes it ideal for minting and transacting stablecoins or CBDC. This chain also offers Schorr and Taproot.
NEVM: An EVM with added security
Our NEVM chain inherits Bitcoin’s merge mining security and full byte-for-byte compatibility with Ethereum’s virtual machine. Developers can easily merge their projects to enhance security and leverage the Rollux Layer 2 suite and ecosystem.
The best of both worlds
We bring worlds together. Syscoin brings together the best of the UTXO and EVM paradigms into a single network. You can also connect your assets between native Syscoin and NEVM chains without intermediaries or custodians.
Dual-chain Layer 1
A modular Dual Chain Layer 1 built to solve blockchain’s toughest problems: security, decentralization and scalability.
NEVM Chain (EVM)
NEVM supports the kind of smart contracts and interoperability needed to give birth to metaverse, smart cities, and the next evolution of the Internet of Value. It remains low-cost, secure, decentralized, and scalable through Rollux, our suite of Layer 2 rollups.
Native blockchain (UTXO)
Syscoin’s native blockchain features our Z-DAG innovation that provides near-instant probabilistic security over low-cost PoW settlement for assets. Optional compliance rules make it ideal for stablecoin or CBDC minting and transaction. This chain also offers Schnorr/Taproot.
Flexible NFT capabilities
Syscoin supports NFTs on its two Layer 1 chains. You have the flexibility to choose between robustness-based NFT support on the NEVM chain (ERC-721 & 1155), or simple UTXO-based NFTs on the native chain.
Rollux Layer-2 Suite
An EVM-based rollup suite for scaling smart contracts and financial computations to meet real-world demands.
Syscoin’s Rollux is the leading scaling technology for solidity-based EVM smart contracts. Rollux will initially consist of optimistic rollups followed by ZK. Both will be PoDA-enhanced and backed by Syscoin’s unmatched Layer 1 settlement security.