Q.: I would like to buy some STQ tokens but I don't even know how to do that! Can you help me with that?
A.: Below you will find the proper guide. You can also watch same guide on our YouTube channel, here is the link.
First of all, you need to create your own cryptocurrency wallet. There are lots of options to choose from but the majority of people use MyEtherWallet. So let's start with it.
Go to myetherwallet.com, hit "New Wallet" tab, make a password for it. Save your keystore file and your private key.
Now you can log in to your wallet with the private key and your password.
You will see a long address there starting with the 0x... Save it somewhere, you will need it for most of the operations with the cryptocurrency.
Great! Now you have you own ERC-20 standard based crypto wallet that can store ETH and any ERC-20 tokens like STQ.
Time to buy some cryptocurrency!
Head to any trusted exchanger you will find in your region. Try to search for an exchange monitor (something like bestchange.com)
Following the instructions (and verification procedure if there’s any), buy some ETH using the wallet address and possibly your credit card info.
Choose the exchange wisely! Look out for reviews! It’s also important to have a little bit more ETH than the amount you wanted to exchange, because every ETH transaction needs a fee. Always keep that in mind when generating Ethereum transactions.
Time to Buy STQ tokens!
Choose from any of the exchanges STQ is trading on. See the full list of STQ trading exchanges here.
Register your account, pass the verification procedure if there is any, hit "Make deposit". The exchange will generate an address for you.
(KuCoin exchange as example)
Copy it and head to your wallet at myetherwallet. Click "Send" tab then paste the exchange deposit address in the specific "To Address" field. Wait until your transaction is completed, you can monitor it through the given link to etherscan.io.
When your ETH is on the exchange, search for the ETH/STQ pair and place some bids. Wait till they are completed.
Head back to your account, find STQ and click "Withdrawal". Copypaste the address of your MyEtherWallet into the right section and generate the transaction.
Wait till it's done and you have some STQ now!
Finally, buy something!
Choose an item you want to buy from Storiqa marketplace. Wait untill you see the address for sending your tokens and do as we have already done for the exchange.
Head to the myetherwallet, click "Send", paste the receiver address in the right place and generate the transaction. Wait till it's completed and you are basically done it! Congratulations.
Let's point out the most IMPORTANT information again:
- Watch out for scam myetherwallet sites if you are using this cryptowallet. Official site should have lock sign with the right certificate. You can also search for more info on myetherwallet.com
- NEVER share your password or keystore or, most importantly, THE PRIVATE KEY anywhere or with anyone.
- Buy little more ETH than you planned because every transaction has its own fee. Keep that in mind.
- Don’t be afraid to use Google engine and do your own research.