How to Buy Skycoin (SKY) with Bitcoin (BTC)
To buy Skycoin using Bitcoin, first, find a cryptocurrency exchange that supports the SKY/BTC trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Locate the SKY/BTC pair on the trading platform and place an order to exchange your Bitcoin for Skycoin. If the SKY/BTC pair is unavailable, you can first exchange Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Skycoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Skycoin (SKY) for Bitcoin (BTC)
To sell Skycoin for Bitcoin, first, find a cryptocurrency exchange that supports the SKY/BTC trading pair. Create an account, verify your identity, and deposit your SKY into your exchange wallet. Locate the SKY/BTC pair on the trading platform and place a sell order to exchange your Skycoin for Bitcoin. If the SKY/BTC pair is unavailable, you can first sell Skycoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.