Ethereum blockchain technology hosts other tokens besides Ethereum itself. Sentinel crypto traded as SENT is one such token that is currently being traded in ten active markets.
Sentinel is an altcoin and hence cannot be bought using the fiat currency like most cryptocurrencies, to acquire a SENT you need to first buy another cryptocurrency such as Bitcoin or Ethereum using your fiat currency and then proceed to purchase sentinel crypto.
Trading sentinel crypto requires you to use a reliable exchange, One of the frequently used exchange platforms is Coinbase.
The platform is popular due to its support for various fiat currencies.
To get started on trading Sentinel crypto, open an account with Coinbase. Ensure your account is verified, set up the two-factor authentication to strengthen your account security.
Also, ensure your identity is verified too through the Know-Your-Customer (KYC) process. You are also required to fill in a payment method for your account, this is subject to change though.
Then Proceed to buy the cryptocurrency of your choice using your fiat currency. Select the trade button and then click on one of the major cryptocurrencies you want to purchase.
Move the coin to any exchange SENT is traded on, deposit the cryptocurrency from Coinbase and trade the coin for SENT. For some exchanges, you’d have to go through another KYC process.
There are various trading pairs, but if it was Bitcoin (BTC) you bought on Coinbase.
The trading pair to select is SENT/BTC, the price chart is provided. You can then go ahead to make purchases as you want.
Binance is another go-to platform used by many for buying a major cryptocurrency that can be used to purchase SENT and other altcoins. Though popular, Binance doesn’t support traders whose location is in the United States.
Binance security options are one of the reasons why it’s popular among traders. Provision of cold wallets in addition to the Hot wallet that is the online wallet generally used. The QR code of your wallet is generated and imprinted on paper.
The private and public addresses of your wallet can be generated and imprinted on paper. Whichever is used, they are cold wallet storage examples to store the cryptocurrencies till you need them.
You can then retrieve them by scanning the QR code or entering the private and public wallet address and proceed to altcoin exchanges to purchase SENT or any other altcoin.
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