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Siacoin was developed in 2013 by David Vorick and Luke Champine as a project based on blockchain technology. The idea behind the platform is to offer a completely decentralised marketplace supporting data storage which hosts compete for business. Using the platform, individuals or companies rent out space on their unused hard disk drives and earn Siacoin for the storage space.
Sign up for a free Coindirect account and you will automatically get a free Siacoin online wallet. You can use your Siacoin wallet to buy, sell, store, send (withdraw) and receive (deposit) SC.
Once you have signed up for a free Coindirect account all you need to do is press the ‘Receive’ button to reveal your Coindirect Siacoin wallet address.
If you are in South Africa or in Europe in a SEPA country you can deposit ZAR and EUR into your Coindirect ZAR Wallet or Euro Wallet respectively.
To fund your account you have to transfer money using bank transfers. To get the funding instructions so that your account is credited:
You can sell Siacoin from your Coindirect wallet by clicking the ‘Sell’ button in your Siacoin wallet.
If you are in a SEPA region or South Africa. You can sell your Siacoin and instantly get money transferred to your Wallet (ZAR or EUR).
If you are in another region with no local currency wallet. You can sell your Siacoin by creating a sell offer on the marketplace.
You now know how to buy Siacoin instantly from almost anywhere in the world. Make sure to download the Coindirect App to trade Siacoin from the palm of your hands.
Please note that Coindirect has limits for credit card purchases in place.
Make sure that your account is verified so that your credit card purchase limits are increased.
Currently, the limits for credit card purchases are:
Unverified users – €175 – €500
Verified users – €890 – €1000
Buy Siacoin using your credit card and invite your friends to join Coindirect through the Earn program. When they sign up and perform their first transaction, you will both receive 5 XRP.
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