How to Buy Siacoin

Best places to buy siacoin

Where to buy siacoin cryptocurrencyIf you are looking to buy siacoin then check out the prices at these exchanges which all accept customers from United States. Prices can vary quite significantly between exchanges and are constantly changing so the below is just a guide from the last few minutes. For more information on these exchanges and other exchanges for buying siacoin or other cryptocurrencies in United States then please scroll down to the Exchanges Info Section which highlights the differences between them.

Buying siacoin in United States

Buying siacoin in United StatesThe United States is progressively regulating the crypto sphere. However, there seems to be some split in approach to cryptocurrency. On one hand, some states continue to pass laws which aim to stimulate the economy, attract investment, or encourage tech development, while others have either passed restrictive crypto asset and investment regulations, or have suggested to do so. The state of New York, for example, requires companies to acquire “BitLicenses” in order to operate virtual currency businesses, and even issued a “greenlist” of accepted virtual currencies. On a federal level, there is a large amount of crypto regulation from various bodies, meaning lots of overlapping jurisdictions and different opinions on crypto. Although U.S. crypto banking seems undeveloped, it is making slow progress. A large crypto exchange, Kraken, stated that it became the first U.S. digital asset company with a bank charter, recognized under both federal and state law, in 2020.
As of 20/03/2021

Siacoin (SC) Key Data
Price $
0.0357
24hr %
-27.89%
Mkt Cap $
1,396.12b
24hr High
0.0425
24hr Low
0.0254
A decentralised cloud storage platform. Sia is a decentralized cloud storage platform similar in concept to Dropbox and other centralized storage provider where instead of renting storage space from a centralized entity, clients rent storage space from other peers. The only difference is Sia uses blockchain to facilitate transactions Nodes provide storage to clients using the Sia blockchain as contracts. Before storing the data, the data is encrypted into many pieces and uploaded to different hosts.
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Exchanges Info

These exchanges all accept customers from United States. While they broadly offer the same services and you can buy siacoin at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Kraken

Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan

Pros
  • It can be used to trade against fiat options
  • Robust security measures
  • Free SEPA deposits in Europe
Cons
  • Not a very beginner-friendly interface.
  • No card deposit options
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