Status (SNT)
(Last Updated On: February 1, 2018)

How To Buy Status (SNT) Coins

Looking to buy some Status coins? Great, but first let us take a look at what Status is and what it has to offer. Status is an open source messaging platform and mobile interface which is there to interact with decentralized applications operating on the Ethereum Network. This platform presents a utility network token for Status, the first ever mobile Ethereum client built entirely on peer-to-peer technologies.

This messenger form-factor is chosen to make Ethereum feel as familiar as possible to the average smartphone user, whilst providing a flexible platform for DApp developers, aimed to increase the quantity of daily use of Ethereum’s public blockchain. Enjoy encrypted messaging, a cryptocurrency wallet, and seamless access to DApps.

Step Up An SNT Wallet

Within this guide, we will be using the easiest and most handy wallet for storing your SNT tokens. MyEtherWallet (that can store any coin ERC20 Tokens, such as indHash. For added security, we would recommend using a hardware wallet such as the Trezor or the Nano Ledger. This is the safest way to store your coins.

myetherwallet

How To Buy Status Coins?

In this article, we will give you 2 options on where you can buy Status (SNT) coins. If you are new to crypto, you might want to follow our guides for each of these popular trading platforms. We will take you through registering, adding funds, trading, and withdrawal of coins. To a beginner, the process might sound and look a little daunting – don’t worry, it’s not that hard.

Sign Up For HitBTC To Buy SNT

To create a new account, go to the main page of the site here. Then click the ‘Register’ button in the upper right corner. By clicking this link, you will be taken to the registration page, where you should fill out the required fields.

HitBTC Sign Up Part 2

Make sure you enter your valid current email address in the ‘Email’ field. Your email is your unique identifier on. Once you used to create an account, it is not possible to change it.

Create a password in the ‘Password’ field. Please be aware that passwords must be strong, composed of over 8 characters having uppercase, lowercase and numeric characters. After filling all fields click ‘Register’.

HitBTC Sign Up Part 3

Your new account needs to get activated (this is necessary to confirm that the e-mail address you have provided really belongs to you). Please check your email – there?s the message from us. This message is sent immediately after registration, so if you do not get it within 5 minutes, please check the spam folder.

In this email, you will find a link to activate the account. Just proceed to it by clicking on the link or copy it to the address bar of your web browser.

HitBTC sign up confirmation email

After that, you will be taken to the HitBTC trading terminal. Your account is now active.

How To Keep Your HitBTC Account Safe

Enabling 2-factor authentication is an important basic security feature. To set up 2FA on your here, you will need to open the ?Settings? page in the upper right corner of the website and switch to the ‘Security’ tab.

HitBTC enable 2-factor authentication

HitBTC will also offer you other features in security control centre – use them.

  • E-mail notifications about new IP logins: If the account is being logged in from a new IP, an email notification is sent. If you get one, take immediate action.
  • Terminating all your sessions: That is a way to kick potential intruders out from your account. All active sessions, except yours, will be ended. To make it happen, go to the ?Settings? page and select the ?Security? tab and click on “Terminate all sessions” button.
  • Automatic logout: To enable Automatic log out, go to your ?Settings? page. Then select the ?Security? tab and click on the drop-down menu pick the time that suits you.
  • Latest activity: HitBTC gives you an opportunity to track all actions made on your behalf. Proceed to ?Settings? page, on the ?Security? tab. Signing in, changing the password, enabling or disabling 2FA, coin withdrawing and other important events are being logged there – keep an eye on them and take action if you see anything you don’t recognize.

Deposit Funds Into Your HitBTC Account

To start with, you will need to generate wallet address at HitBTC. In order to do that, please go to your Account page or just click the green “Deposit” button depicted below.

HitBTC deposit funds button

Find the currency you want to deposit and click the fund button. This will generate your wallet address. Take a look at our exchange overview page if you need to buy BitCoin or Ethereum. You don’t have to use crypto if you prefer you can deposit fiat into your account.

HitBTC wallet

 

You will need to use this address to initiate the transaction from the personal wallet or from a coin exchange website. Take note that for each of the coins in the account there is a distinct unique address. In case you by mistake send say Bitcoin Cash to your Bitcoin address – it will be lost forever.

As soon as your funds reach here, you’ll receive a pending transaction notification at the very bottom the Account page, in the “Latest transactions” section. Your funds should be available shortly. Please be aware that BitCoin transactions will take longer than Ethereum transactions.

How To Trade SNT On HitBTC

Now for the fun part!.To start trading, you would need transfer funds from your “Main account” to your “Trading account”. To do this, click the blue arrow between the accounts. Specify the desired amount and click “Transfer”.

HitBTC Trade

After the funds have been moved to the Trading account, go to the trading terminal, select the trading pair which includes your deposited funds and ACT in the ?Instruments? section (i.e. ETH and ACT or BTC and ACT and other variants).

HitBTC place a order

There are 4 types of orders available on HitBTC: market, limit, stop, stop limit. The quickest option is market, which means you are buying ACT at the current market rate. So select market and click”Buy” to perform the trade.

Withdraw SNT Coins From Your HitBTC Account

To withdraw your SNT coins, go to the account tab. From here you need to go to the “Withdraw” column. and select SNT.

HitBTC withdrawing coins part 1

Make the amount of SNT you want to withdraw is available in the main account. If it is not, will need to transfer it from the trading account.

Specify the amount of SNT you’d like to withdraw and paste your MyEtherWallet address to the “Address” field. Please make certain that you’re using the right address. Please take note that once SNT have been sent, you can not reverse the transaction.

HitBTC withdrawing funds part 2

After you hit the “Withdraw” button and type the authentication code (if 2FA for withdrawals is enabled), the following notification is going to be displayed: “You withdrawal request requires a confirmation by e-mail.” Go to your email inbox and find a new message from HitBTC Support which will is titled “Withdraw verification”. That’s it, you SNT trade is concluded.

HitBTC withdrawal confirmed

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Not A Fan Of HitBTC? Try Our Second Option

How To Sign-Up To Binance

Enter your email and a strong password (that you won’t forget!) and then Click ‘Register’. You will be sent an email to confirm your email address? Click the link in the email. If you can’t see it, then check your spam folder.

You will be taken back to Binance as your email is confirmed. Press ‘Login’. On the login form, enter the email and password you just used to sign up, then press ‘Login’.

binace confirmed email

A pop-up will advise you to set up 2FA (two-factor authentication) on your account. We strongly recommend you set up 2-factor authorization (2FA) on your account.this second level of security makes it very unlikely they will be able to get into your Binance account.

Adding Funds To Your Binance Account

Hover your mouse over ‘FUNDS’ on the top menu and click on ‘Deposits Withdrawals’. This screen displays any coins which you have stored on Binance – you will need to deposit some. I would suggest?using Ethereum due to the lower sending fees. However, you can deposit other coins.

binance add funds

Type ‘Ethereum’ in the search box. This will narrow the wallets displayed to just a few- in those, find Ethereum. Press ‘Deposit’ You will be given an Ethereum (ETH) deposit address. Make sure you have the correct address. If you send a currency to the wrong address, it will be lost forever. (The image below show LTC – this is for example purposes only).

binance add funds part 2

How To Buy SNT Coins On Binance

The exchange page on Binance might appear too much to handle to start with, but don’t worry, you only need to use a small part of it.

There are 2 methods for buying coins on Binance:

  1. A ‘Limit’ order, which enables you to manually set the price you want to buy SNT at.
  2. A ‘Market’ buy, which fills your order automatically at the best price available. The price may have spiked at that time, so be careful not to overpay. If you like the price then go ahead and use this method. Above the Buy SNT’ button, click the ‘Market’ option.

In the input box marked ‘Amount’ you now need to fill out what number of SNT you want to buy. It could be simpler to use the percentage buttons below the input box – for example, press 50% if you’d like to exchange 50% of your Ethereum for SNT.

Once you’re satisfied with the quantity, press the buy button. Your order will be filled immediately.

Withdrawing SNT Tokens From Binance

If you’re happy with it, you can just leave your coins on Binance and they would in all probability be safe. On the other hand, exchanges have been compromised in the past, and users have lost coins, therefore we do suggest you keep them in a personal wallet.? (The image below shows LINK coin – this is for example purposes only) Ensure you have selected SNT.

  1. Press ‘Funds’ along the top menu, then ‘Deposits Withdrawals’. In the search box, type SNT. You will now see your new SNT in your SNT wallet.
  2. Click the ‘Withdrawal’ button.
  3. In the boxes that appear, complete the information:
  4. Label: Write ‘My wallet’
  5. Address: Put the wallet address that you copied from MyEtherWallet or any other ERC20 wallet that supports SNT.
  6. Amount: Press the ‘Max’ button to send all your SNT.

withdraw from binace

When you’re positive all information is accurate (check you’ve inputted the correct wallet address!), press ‘Submit’. If you’ve set up two-factor authentication, you will be asked for a code from your phone. Enter the code and press ‘Submit’. You will be sent an email to confirm the withdrawal has taken place. Go to your email and click the link that’s been sent to you. Bingo! All Done.

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