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How to buy Shiden Network (SDN)
Learn how to buy Shiden Network (SDN) in our step-by-step guide.
Shiden Network (SDN) is in the top 1,000 cryptocurrencies by market cap, valued at $21,387,599.
Shiden Network is a highly volatile asset capable of major price swings in a single day. Today SDN is trading for $0.358532, which is slightly down from yesterday's trading price of $0.3597577667. Shiden Network's seen a decrease of -56% over the past year.
So before you buy Shiden Network, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Shiden Network.
How to buy Shiden Network in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchangesThe easiest way to buy Shiden Network is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an accountTo create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a depositOnce verified, you can deposit using the payment method that best suits you – fiat and cryptocurrency payments are widely accepted.
Buy Shiden NetworkYou can now exchange your funds for Shiden Network. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Shiden Network to your personal wallet.
Where to buy Shiden Network
Find an exchange to buy, sell and trade SDN by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How we keep this Shiden Network guide up-to-date
- SDN price data is regularly updated through data feeds so you always have the latest information.
- Shiden Network performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
- Key information on coins and how to buy them is regularly reviewed by our editorial team of James Edwards, Frank Corva and Billy Endres.
- Our coin coverage and exchange information is regularly reviewed by our publishing experts Louise Vinciguerra and Molly Wiltshire-Bridle.
How do I find the best places to buy Shiden Network?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Shiden Network?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Shiden Network.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing SDN with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Shiden Network?
Once you've created an account, you will need to deposit funds to buy SDN with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy SDN:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase SDN by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for SDN on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Shiden Network?
The easiest way to buy SDN is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Best Shiden Network wallets to store your SDN
You can keep your SDN on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your SDN below.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is Shiden Network a good investment?
Cryptocurrencies are highly speculative assets that come with a range of risks. Those that are considering SDN as an investment should consider the following factors:
- Relationship to Astra: The relationship between the Astra Network and the Shiden Network is an important one to consider for all those interested in investing in SDN. Shiden is a testing ground for the eventual application of smart contracts within the Astra Network. Potential investors of SDN should consider what benefits the native token of Astra, ASTR, offers and whether that may be a more suitable location for investment.
- Reliance on Polkadot and Kusama: The eventual success of the Astra and Shiden Network’s will be determined by the adoption of the Polkadot and Kusama ecosystems. It is important to consider if the Polkadot ecosystem will be able to compete with other layer-0 networks such as Cosmos.
- Smart contract capabilities: The Shiden and Astra Networks are focused on providing both scalable and interoperable smart contracts. Scalability and interoperability are two issues faced frequently by dApp developers. If the Shiden and Astra Network can implement suitable solutions it could help to encourage demand for the native SDN and ASTR tokens.
Today's Shiden Network price versus ATH
Compare today's price of Shiden Network ($0.358532 USD) against its all-time high (ATH) price of $8.36 on September 11, 2021. The closer the bar is to 100%, the closer SDN is to reaching its ATH again.
How do I trade, convert or sell Shiden Network?You can convert or sell your SDN with the same exchange you bought it through:
- Sign in to the exchange you have SDN on.
- If you store your Shiden Network in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of SDN you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Shiden Network.
- Complete your transaction and move your SDN to a wallet for storage.
Get started with crypto
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Learn how to buy other cryptos
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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