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How to buy Siacoin (SC) in the UK

Current Price: £0.0044   24hr: -2.28%

The Siacoin (SC) project uses blockchain technology to provide secure cloud storage solutions, which can be accessed by holding SC.

The easiest way to purchase Siacoin is via BC Bitcoin. Alternatively, you can trade Siacoin on an exchange. In that case, you will buy Siacoin with Bitcoin, and trade it for SC.

Recommended: Buy Siacoin with BC Bitcoin

This is a great option for anyone looking to buy Siacoin with British Pounds or Euros in a simple and safe way.

BC Bitcoin accept debit and credit cards, as well as bank transfers including UK Faster Payments and SEPA transfers.

Here’s how to buy Siacoin (SC) with BC Bitcoin:

  1. Sign up for an account here
  2. Head to the Buy Coins page and complete the form
  3. You will receive SC to your wallet once the order is complete

How to buy Siacoin in the UK

About BC Bitcoin

BC Bitcoin are a Hertfordshire based Cryptocurrency Brokerage that allows you to Buy, Sell and Exchange a wide variety of Cryptocurrencies including Siacoin (SC)

They have achieved a 5-star Trustpilot rating, most probably due to their excellent customer service and simple buying process.

Their team can be easily contacted via phone, online chat or email which makes for a great customer experience. You can use their Contact Us page if you have any questions.

Option 2: Trade BTC for SC on an Exchange

Step 1: Buy Bitcoin (BTC)

In this method, you will trade BTC for SC using Bittrex. Thus, in order to begin, you first need to acquire some Bitcoin (BTC)…

Buy Bitcoin: You can do this via the following self-explanatory services:

Click here for a detailed guide on buying BTC in the UK

Step 2: Bitcoin -> Siacoin

Poloniex Instructions

  1. Register for a Poloniex account here, and complete basic verification
  2. Deposit Bitcoin into your account…
    2. Next to your BTC balance, select Deposit to reveal your BTC wallet address
    3. Send BTC to this address
  3. When the BTC appears in your Poloniex wallet, head to the SC/BTC exchange pages
  4. Enter your order parameters in the Buy SC box
  5. When your order is filled, it will show up in your SC wallet

Bittrex Instructions

Now that you have BTC, the process for buying Siacoin on Bittrex is as follows…

  1. Sign up for a Bittrex account
  2. Head to Wallets by clicking the button in the top menu
  3. Click the + (plus) button to the left of your Bitcoin wallet to reveal further details
  4. Send Bitcoin (BTC) to the Bittrex Bitcoin wallet address (you will be sending Bitcoin from the exchange or wallet where you bought or stored your Bitcoin)
  5. Wait for your Bitcoin to show up in your Bittrex wallet – this could take a while, depending on the transaction fee you set when sending your BTC.
  6. When you have Bitcoin in you Bittrex wallet, click the Ƀ Markets button at the top left of the menu, and type in SC
  7. Now you’re at the Siacoin market page, you need to place your order
  8. Use the Buy Siacoin panelSet the Units to Max, unless you want to keep some of your BTC to spend on other coin
    1. Click Price next to Bid to reveal a drop-down, and select Last or Ask (unless you wish to set your own bid)
    2. Leave the other options as they are, then click Buy Siacoin
    3. Confirm your transaction
  9. Now, your order will be placed, and you can check the status using the Orders button in the menu
  10. When your order is fulfilled, your Siacoin (SC) will appear in your Wallets
Bittrex Siacoin Interface
Trading BTC for Siacoin is easy on Bittrex…

Congratulations, you purchased Siacoin!

Moving Your Siacoin to a Wallet

This is an important step, as leaving cryptocurrencies on exchanges for extended periods is not good practice.

1. Download and Configure the Sia wallet

  • Download the official Siacoin wallet here
    • Extract the file, then run the Sia-UI app
  • Navigate to the Wallet tab in the left sidebar
    • Click Create a new wallet
    • Important: store the seed and password securely, as this is the only way to recover your account
  • After you’ve re-entered your seed and password, you’ll be presented with your wallet – which won’t look like much for now.
  • In the top right corner, there should be a Synchronising status bar
    Sia wallet synchronizing

    • This can take a couple of hours, depending on your internet speed
    • You can received Siacoin before the synchronization is complete.

2. Sending your Siacoin from Bittrex to your Sia wallet

  • In the Sia wallet you set up in step 1, click Receive
    • Copy down the address in the dialogue window that appears
      • NOTE: each time you click Receive, a new address will be generated; but old addresses remain active.
  • In Bittrex, head to your Wallets tab, and locate your SC wallet
    • Click the minus (-) button, and enter the Sia wallet address
  • Confirm the transaction, and your Siacoin should appear in your Sia wallet soon