If you have any interest to buy Sarcophagus (SARCO), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
1.2 Fill in your trading details
1.3 Allow 2FA-Two-factor authentication (Optional)
Step 2: Buying your first Bitcoin (BTC)
I highly recommend buying Bitcoin first and then trading it for the right amount of Sarcophagus (SARCO).
Step 3: Creating a Metamask Account
Search for https://metamask.io website or for “Metamask extension” in default browser’s search bar (then, after you have found the results you can also install Metamask for Chrome, Firefox and Opera browsers).
Let me now explain to you how to go about installing MetaMask extension for Chrome.
Once you have found it, just click “Install Metamask for Chrome” to install MetaMask as one of your Google Chrome extensions.
Next, you need to click “Add to Chrome”.
Once you do the above you will have successfully installed MetaMask extension. So easy to do on your own, right? Now, it is time to add your existing cryptocurrency wallet.
You may not have a cryptocurrency wallet created at this point yet, just create it since it is not difficult to do so in a few minutes.
Once you have installed your MetaMask Extension, make sure to click on the icon found in the upper right hand-side corner to open the MetaMask. Also, you have to read and accept the terms stated.
To make your wallet account secure you need to create a strong password, to do this click “Create a Wallet”.
After clicking, you will see a 12 words seed phrase. You need to save your seed words as a file or you can choose to copy them to a safe place and click “I’ve copied it somewhere safe”.
Congratulations! At this point you have successfully created an account in MetaMask with a new wallet address!
This gives you the chance to view your address on Etherscan (Ethereum blockchain explorer), do this by checking the QR code, copying your wallet’s address to a clipboard or export your wallet’s private key.
Step 4: Depositing ETHereum into your MetaMask wallet
Move your mouse’s cursor over the account name found at the top of the window, which will show“Copy to clipboard”
Next, you have to click on the account name to be able to copy your address.
Then, paste your address in the “recipient” area in the App where you are moving your ETH or tokens from.
Choose the amount you want to move, also do all necessary steps to complete and submit the transaction and make sure to choose transfer network “Ethereum (ETH) ERC20”.
It is important to note: Please ask for guidelines from the organization of the App you are using for Instructions on how to move your ETH/tokens.
Step: 5 How to do your First Trading on Uniswap
You need to go to the Uniswap V2 exchange platform first.
If you look on the top right, you will see the ‘Connect to a wallet’ button, click it, and log in with the wallet you wish to trade with.
For this case, let us log in with a MetaMask wallet.
After you have successfully logged in, the trading window will appear on your screen.
In the top part, you have to select the token you need to exchange for the token you want. Let us choose ETH. In the bottom part, look for the token you wish to buy, or choose it from the drop-down menu, in this case choose (SARCO).
Once you have done all the above, now you’re ready to place your order. By either choosing how much you want to spend by typing a number in the top part, or just choose how much to buy by typing the amount number in the bottom one.
If you look at the bottom of the order menu, you’ll then see how much you can expect to get.
If you’re satisfied with the amount, then click the ‘Swap’ button.
Next, you need to confirm the trade, and potentially adjust the fees to the appropriate figure that works best for you.
Just take your time and once you’re ready, confirm the transaction and it will then be processed. After you have finished doing all that, your tokens will appear in your ERC20 wallet.
As simple as that!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Sarcophagus gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Sarcophagus securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Sarcophagus for some long time, you need to find ways to ensure it stays safe safe,
Frequently Asked Questions
Is it possible to buy Sarcophagus with cash?
The answer is No. Because there is no way you can directly buy Sarcophagus with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
What are the quickest ways I can buy Sarcophagus while living in Europe?
Can I use alternative platforms to purchase Sarcophagus or Bitcoin with credit cards?
What Is The Sarcophagus Protocol (SARCO)?
Sarcophagus is a Decentralized Dead Mans Switch; A Dead Man’s Switch(DMS) is a switch that is designed to be activated or deactivated if the human operator becomes incapacitated, such as through death, loss of consciousness, or being physically removed from control.
It can operate as A Will and Trust, Password/Credentials Recovery, Emergency Communications, Political Activism, Savings Fund/Time Capsule, etc.
SARCO is the native utility token that is used for:
* Fees for processing transactions and wrapping (storing) Corpses(data).
* Running Archeologist nodes on the network via staking SARCO tokens for Bounty/Fees.
* Used for governance votes to determine how network resources are allocated on the DAO.
How Many SARCO Coins Are There in Circulation?
SARCO Token Contract launched on Jan-12-2021 07:51:13 PM +UTC with Capped Supply of 100 million SARCO tokens created at genesis. Currently, %3.5 of supply will be released linearly from Liquidity Mining and LP Farming via Uniswap by 5/12/2022, with some furthur incentives planned for Server Node Operators(Archeologists) and Users(Embalmers).
Who Are the Founders of Sarcophagus Protocol?
The Sarcophagus DMS Project is Built by a global team of Security Experts. Noteable leadership Figures include, Zach Hamilton and Lead Image Designer and Consultant Olivia LaRocca.
Where Can I Buy Sarcophagus Protocol Tokens (SARCO)?
Currently Uniswap Carries a Sizeable SARCO/ETH swap pair>> https://app.uniswap.org/#/swap?inputCurrency=0x7697b462a7c4ff5f8b55bdbc2f4076c2af9cf51a
Also as Mentioned, Farming and Mining Contract are available to earn SARCO currently.
More incentives are planned, and DAO votes control the Treasury alotment of funds.