The first day of trading for Superbid was March 16, 2021. Its entire supply is unknowable. The market capitalization of Superbid as of this moment is $55,538,235.65 USD. At the time of writing, Superbid’s price has increased by 50.03 percent to $0.629 and is currently number 3507 on Coinmarketcap.
Although Superbid has been listed on several cryptocurrency exchanges, unlike other major cryptocurrencies, it cannot be bought with fiat money straight away. However, it is still simple to get this currency by first purchasing Ethereum from any fiat-to-crypto exchange and then transferring to the exchange that deals in this coin. In this post, we will go over all the processes involved in purchasing Superbid in detail. 111.119.178.164
First, sign up for the Fiat-to-Crypto Exchange.
You may now easily purchase Bitcoin or any other cryptocurrency with your fiat money through Binance because of the increasing regulation that Binance is receiving in many different countries! Simply click the button or the widget below to acquire your Bitcoin in under five minutes! There is absolutely no need for instructions because it is so simple. You can continue after making your first bitcoin purchase by skipping to Step Three of this instruction.
Continue with the fiat guide below with the suggested fiat-to-crypto exchanges if you are based in the United States. One of the more popular cryptocurrencies, in this case Ethereum, must first be purchased (ETH). In this essay, we’ll go through in detail Uphold.com and Coinbase, two of the most popular fiat-to-crypto exchanges. We will go over the specific price structures and other characteristics of each exchange. It is advised that you test both of them to determine which one best suits you.
Buy ETH using fiat money in step two.
Once the KYC procedure was complete. The addition of a payment method will be required. Here, you have the option of using a bank transfer or supplying a credit/debit card. Depending on your credit card provider and the always-changing pricing when using cards, you can be charged greater fees, but you’ll still be able to make an immediate purchase. Depending on your place of residence, some countries will allow fast cash deposits with low costs, whilst a bank transfer will be cheaper but slower.
You are now ready to proceed. On the ‘Transact’ screen, under the ‘From’ area, choose your fiat money. Next, choose Ethereum in the ‘To’ field. Finally, click ‘Preview’ to evaluate your transaction. If everything appears good, click ‘Confirm’. You just bought your first cryptocurrency.
Transfer ETH to an Altcoin Exchange in Step 3
But our work is not yet done. We must exchange our ETH for Superbid. We’ll walk you through the process of converting your ETH on PancakeSwap as Superbid is currently available on the exchange. However, trading on a DEX requires you to manage your own private key to your altcoin wallet, and it is advised that you take extra care of your wallet private key because if you lose your keys, it means that you will lose access to your coins for a period of time.
PancakeSwap is a decentralized exchange (DEX) that does not require you to register an account or go through any KYC process. However, if managed properly, keeping your funds in your own private wallet rather than on exchange wallets is actually safer. If you still feel uneasy about using a DEX right now, see if Superbid is offered on any other conventional centralized exchanges by clicking the tab above. If not, carefully follow these instructions.
Use Binance to convert your ETH into BNB.
Similar to Uniswap/Sushiswap, PancakeSwap is a DEX, but it runs on the Binance Smart Chain (BSC), allowing you to trade all BEP-20 tokens (as opposed to ERC-20 tokens in the Ethereum blockchain). Unlike Ethereum, BSC significantly lowers the trading (gas) fees while trading on the platform, and it has recently gained popularity.
Due to the fact that PancakeSwap is based on an automated market maker (AMM) technology that uses user-funded liquidity pools, it can function flawlessly without the conventional order book from centralized exchanges.
The quickest way to purchase Superbid is to send your ETH to Binance (or the exchanges listed in the table below for US traders), convert it to BNB, then send it to your own wallet via Binance Smart Chain and swap your BNB for Superbid on PancakeSwap. Superbid is a BEP-20 token that runs on Binance Smart Chain.
Once you’ve signed up for an account on Binance or one of the other exchanges mentioned above, go to the wallet page, select ETH, and then click deposit. It should take between 15 and 30 minutes, depending on how busy the ETH network is, to withdraw your ETH to the address you copied and return it to UpHold. When you get there, convert your ETH to Binance Coin (BNB).
Send BNB to your personal wallet.
The hardest part of the procedure now is creating your own wallet to contain both BNB and Superbid. While there are a few ways to do this, using a hardware wallet like the Ledger Nano S or Ledger Nano X is the best choice.
You simply need to save the seed phrases in a secure location and never post them online (i.e., do NOT upload the seed phrases to any cloud services/storage/email, and also do not take a photo of it). They are secure devices that give several layers of security to protect your valuables. Get a hardware wallet if you intend to be active in the cryptocurrency community for some time.
Add the Chrome plugin for MetaMask.
Here, Google Chrome or Brave Browser are suggested. Search for MetaMask in the Chrome Web Store, confirm for security that the extension is provided by https://metamask.io, and then select Add to Chrome.
Continue with “Get Started,” click “create a wallet” on the following screen, read all the instructions, and then select “Agree.” After that, pick a strong password to protect your MetaMask wallet. This password is not related to your private key or seed words; you just need it to access the Chrome Extension.
The backup phrase generating process is now complete. After clicking “show secret words,” a list of random words will display on the screen. Write these words down on a piece of paper and never save them anywhere online. You might also think about purchasing a Cryptosteel Capsule from Ledger to store your words safely and physically if you want to increase security.
Verify your saved seed phrases on the following screen after you have saved them safely. You’re done now! Click all done; your wallet is now ready after reading the tips one more time to make sure you understand the security concerns completely. Once you’ve entered your password, click the MetaMask icon in the extension bar of the browser to unlock your wallet. After that, you ought to see your starting balance.
As soon as you are prepared, go to PancakeSwap, click “Connect” at the top, and select MetaMask to deposit your BNB into your wallet. If this is your first time connecting to MetaMask, you should be prompted straight away to add the Binance Smart Chain network to your MetaMask.
Please do so since it is crucial that you transmit your BNB over the correct network. You should be able to see your BNB balance on the Binance Smart Chain once you have added the network and switched to it in MetaMask. By clicking on the account name, you may now copy the address to the clipboard.
Return now to Binance or the exchange where you purchased BNB. Select Withdraw from the BNB wallet, paste your own wallet address into the recipient address field, and then double-check that the transfer network you have chosen is either Binance Smart Chain (BSC) or BEP20 (BSC)
After clicking “Submit,” go through the verification procedures. Your BNB should be successfully withdrawn and should be in your wallet very soon. Finally, you are prepared to purchase Superbid. Re-enter PancakeSwap and choose Trade > Exchange from the left sidebar.
A much-simplified UI with basically just two fields—from and to—and a large button labeled either “WalletConnect” or “Swap” should be seen here. If you haven’t already, click Connect Wallet. If not, you should be able to view your BNB balance here. If not, enter the amount you want to trade for Superbid in from the field, select Superbid from the dropdown menu in the to field, and the appropriate amount of Superbid should appear right away.
Verify before moving on to “Swap.” Click Confirm Swap on the following screen to confirm the transaction once more. When MetaMask prompts you to confirm allowing PancakeSwap to use your BNB, select Yes. Wait until the confirmation page says “Transaction Submitted,” then give yourself a pat on the back! You’ve finally purchased Superbid! Your Superbid balance should appear on your MetaMask Wallet shortly after that.
The final step is to safely keep Superbid in hardware wallets.
Although Binance is one of the safest cryptocurrency exchanges, there have been hacking incidents where money has been lost, so you may want to look into ways to keep your Superbid secure if you intend to keep it for a sizable amount of time (“hodl,” as some may say, which is basically misspelled “hold,” which gets popularised over time).
Due to the very nature of exchange wallets, which we refer to as “Hot Wallets,” they will always be online, exposing certain vulnerabilities. The safest way to store coins at this time is to always use a form of “Cold Wallet,” which only connects to the blockchain (or simply “goes online”) when you send money out, lowering the risk of hacking occurrences. An example of a free cold wallet is a paper wallet, which is just a pair of offline-generated public and private addresses that you write down and keep safe. It is, however, not resilient and is vulnerable to numerous risks.
In this case, hardware wallets are unquestionably preferable to cold wallets. They typically contain USB ports and a more reliable means to save your wallet’s important data. They are incredibly safe since their firmware is continually updated by their producers, and they are constructed with military-grade security. The most popular solutions in this category are the Ledger Nano S and Ledger Nano X wallets, which range in price from $50 to $100 depending on the functionality they offer. These wallets, in our opinion, are a wise buy if you are holding your assets.
If you are interested in more articles like this, here’s one about how to keep your gadgets secure while traveling.
