Skip to content

How & Where to Buy Siacoin A Step-by-Step Guide to Buying SC

  1. Sign up at CoinSwitch, the #1 rated SC exchange.
  2. Fund your account with cash or crypto.
  3. Buy SiacoinSC
  1. STEP 1Find the Best SC Exchange
    • coinswitch reviews
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    • kraken exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume

      A decade of security, honesty, and transparency has given San Francisco’s Kraken an impressive reputation and helped it to become the fourth-largest cryptocurrency exchange in the business. The brokerage service offered by Kraken has more coins to buy and sell directly with cash than most of their competitors. Debit and credit card purchases are permitted with comparably low fees. Well-suited to beginners and those who want to buy and hold coins long-term.

    • 102
      Ease of use
      Time to 1st Buy
      2 hrs
      24h Volume

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to CoinSwitch and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Siacoin SiacoinSC quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy SC with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for SC.

Frequently Asked Questions About Buying & Selling Siacoin (SC)

How do I Buy SC with Crypto?

If you want to buy SC with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for CoinSwitch and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to CoinSwitch.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Siacoin (SC)?

To sell SC, simply reverse the buying process described above. You will likely need to trade your SiacoinSC into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Siacoin Research Center

Siacoin Technical Details & Statistics

  • Market Rank98
  • Market Cap1,108,693,112
  • Circulating Supply49,450,372,992
  • Total Supply49,450,372,992 SC
Yesterday's Trading
  • 24 HR Volume83,131,510 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is Siacoin?

Sia is a decentralized, peer to peer online cloud-based storage service which runs atop its own blockchain network. The native currency of the network called Siacoin (SC).

History of Siacoin

Sia is the brainchild of David Vorick and Luke Champine, who formed Neboulous Inc. in Boston. The idea was originally discussed in 2013, between the two founders. The first beta was launched in March 2015. The stable Sia network officially launched on June 2, 2016 after few more Beta releases. In January 2018, the Siacoin market cap surpassed $3 billion, for a brief period of time. Neboulous has received funding from companies like Procyon Ventures, Raptor Group, INBlockchain, Fenbushi Capital and investor Xiaolai Li for development.

How Siacoin Works

Sia works much like the popular file sharing technology known as torrenting. When a user uploads to the Sia network, the file is encrypted and broken into tiny pieces which are then hosted by the ‘hosters’ of the network. Only the original user has the decryption key and no hoster has total control of all data, so the data is deemed as safe. The user can retrieve the data on demand. Sia uses Proof of Work (PoW) for validation.

Users need to pay for this file storage service using Siacoin, the native currency of the network. Siacoin is traded on a number of prominent exchanges and can be used to pay miners or hosters, or receive payments from other users.

Why Siacoin?

Sia takes the idea of decentralized data storage to the next level and offers some great advances in this field.

  • Decentralized Data Storage: Sia offers decentralized data storage which is safe and retrievable on-demand. An explosion in data storage requirements is currently taking place which makes Siacoin a very viable business plan.
  • Cheaper than Commercial Cloud Services: Sia offers a much cheaper alternative to traditional cloud based service providers like Google, Microsoft, Amazon, Dropbox or similar. Moreover, the Sia payment model is PAYG (Pay As You Go), so the user pays no extra charges.
  • Complete Privacy: Sia offers complete data security, privacy and anonymity, unlike major corporations who are known for having dubious approaches to user privacy.
  • Decentralized Apps (DApps): Due to the decentralization of data, it is easy to build, launch and host Decentralised Apps (DApps) on the Sia network, This is an inherent advantage of the network.
  • Get Paid: In addition to PoS rewards, Sia hosts also get paid directly via peer to peer payments from the renting user. The Sia network calculates the earning of each host and the host receives Siacoin for renting out their idle disk space.
  • Blockchain Security: Sia network is built atop blockchain technology, so all the advantages of the blockchain are inherently available in the network. Greater security, data integrity and user anonymity are some of the major benefits.
  • Fully Featured Cryptocurrency: Siacoin can be used for every purpose inside the Sia network and can be traded for other cryptocurrencies or fiat currencies on many leading cryptocurrency exchanges.
  • Positive Vibe from Investors/Experts: High profile investors have shown faith in the Sia business model and several cryptocurrency experts have given the network positive reviews.