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A step by step guide on how to buy & store the Stratis (STRAT) cryptocurrency

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What is Stratis?

Stratis offers simple and affordable end-to-end solutions for development, testing and deployment of native C# blockchain applications on the .Net framework.

What are STRAT coins?

STRAT fuels the blockchain and acts as a value transfer vehicle in the stratis marketplace.

Important note

This guide is not, and should not be regarded as 'investment advice' or as a 'recommendation' regarding a course of action.

How to buy Stratis
Important: Be wary of scammers trying to steal your crypto coins - get into the habit of double checking that URL's look correct in your browser address bar when moving / purchasing / selling cryptocurrency.

Notes: Images can be clicked to see a larger version. If you're confused by any terms used, a glossary can be found here.

1

First we need to get a wallet to store the stratis coins you're going to get. Go to the stratis official download page here, scroll down the page and under 'Staking wallet' click the 'Get it here' button.

This will take you to the latest Stratis wallet download page.

Scroll down to find the file appropriate for your computer system (for instance, stratis-Qt-*****-win.zip will work for Windows computers).

Once the file has downloaded, decompress and install the Stratis wallet program.

Stratis wallet
2

Your computer may ask for permission to allow the Stratis wallet to connect to the internet through your firewall.

You must allow access for the wallet to work correctly.

Waves wallet
3

The wallet will now begin syncing with the Stratis blockchain. This can take some time, but thankfully you can still receive coins while you wait for it to complete.

Press 'Receive' on the left hand menu. You will be presented with an 'Address' that looks like a long string of letters and numbers. This is your Stratis personal wallet address that we'll send your coins to. Make a note of this address as we'll need it soon.

Waves wallet

Important Note: We all hear of computers and phones being hacked. Websites running illicit code to steal passwords. Phishers tricking people into clicking links that steal information from their computers.

Another line of defence to keep our coins from being siphoned out of our wallets is essential.

And that's a hardware wallet.

Hardware wallets plug into your computer like a USB stick, and they have one job- to be a firewall between your coins and the outside world.

To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and move your coins.

Where do I get a hardware wallet?
Our recommendation is to purchase from the specialist company Ledger, from their official website.

Their basic model, the Nano S, makes it easy to manage your coins- it's compact and discreet, and wallet management is achieved through a small LCD screen and two buttons.

Ledger Nano S

Their cutting-edge Ledger Blue is more impressive, allowing you to handle your coins with a pad-like interface, and is regarded as the most advanced product on the market.

Ledger Blue

Once you have your Ledger, here's a step by step guide to setting it up.

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But before we get your new coins, let's secure your wallet.

In the top menu click 'settings' and then 'encrypt wallet'. Enter a password that would be hard to guess (but which you won't forget!).

Note: if you forget this password you will lose access to your coins.

Waves wallet
5

Read and make sure you understand the warnings that the wallet gives you about encrypting your wallet.

Click OK.

The wallet will close and encrypt your wallet.

Open the Stratis wallet program again.

Waves wallet
6

In the top menu click 'file' and then 'backup wallet'.

You will be asked where you'd like to save your wallet file and to give it a name. Name is something obvious like 'My Stratis Wallet' and save it somewhere on your computer.

It's very important that you back this file up somewhere safe (think multiple external hard drives and/or USB drives that you put somewhere safe).

If something happens to your computer this file is what you'll use to get back access to your Stratis wallet and coins.

Waves wallet
7

Now we'll purchase the popular cryptocurrency Bitcoin, so that we can exchange it for Stratis (if you already own Bitcoin you can skip ahead).

Choose which exchange you'd like to use to do this, and the guide will continue:

#
Coinbase
Operates in 32 countries.
#
Cex.io
Worldwide coverage, 99% of countries.
There are also some other exchanges listed here.
8

If you use this link to sign up to Coinbase we'll both receive ten dollars of free coins when you spend over $100 (or the equivalent in your currency).

Coinbase
9

Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID), email, password and location.

Just like a US bank, Coinbase is regulated by the US government, and has to follow strict financial rules. So they take verifying your identity very seriously. It's a pain, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

Signing up to Coinbase
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To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy.

Using a credit/debit card means higher fees but offers instant purchasing. Using a bank transfer is cheaper but slower (taking up to a week to get your coins).

Signing up to Coinbase
11

Once your payment details are verified, click 'buy/sell' on the top menu.

Select 'Bitcoin', and at the bottom of the page choose how much to spend in your local currency / how many coins you want to buy.

Once you're happy with the amount, click the big 'Buy' button.

Buying Bitcoin on Coinbase
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You'll be asked to confirm your purchase.

Press the 'Confirm Buy' button.

Congratulations! You now own some Bitcoin. But don't close Coinbase yet, we're going to need it again in a few minutes.

Confirm buying Bitcoin on Coinbase
8

Click here to go to Cex.io

Click the 'Register' button along the top menu.

Cex.io
9

Enter your email address and a secure password. Click the checkbox to agree to the terms.

Click 'Register'.

Signing up to Cex.io
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You will now be asked to set up 2-factor authentication for your new account. It is strongly advised not to skip this step, as 2-factor authentication makes your account far more secure.

We recommend using the 'Smartphone App' option.

Signing up to Cex.io
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Once your security has been set up, you'll be taken to your account dashboard.

Before we do anything else, head on over to your personal email account- there will be an email from Cex.io asking you to click a link to verify your account. Click it.

You will be taken to a page telling you your email has been confirmed. Click 'Go back to the site'.

Signing up to Cex.io
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Look for your user ID in the top menu, hover your mouse over it and in the drop down menu click 'Verification'.

Signing up to Cex.io
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Every exchange that lets your buy cryptocurrencies for cash require you to verify your identification before doing so.

Complete the Cex.io verification process by supplying your personal information and uploading your ID.

Signing up to Cex.io
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Once you're verified, click the 'Deposit' button along the top menu.

You now get to choose how you'd like to deposit money:

Via credit/debit card

If you choose credit/debit card you can buy instantly, but you pay commission on the money you deposit.

Via bank transfer

This option takes a few days for the transfer to arrive but has no commission fees.

Choose the method you prefer and follow the instructions to deposit your money.

Signing up to Cex.io
15

Once your money is in your account, click 'BUY/SELL' on the top menu.

Choose 'BTC' and the currency you'd like to buy it in (Dollars, Euros, Pounds or Rubles).

You will be offered some precalculated amounts of Bitcoin, or you can scroll to the bottom of the page and input the amount of Bitcoin you'd like to buy in the 'Custom amount' box.

Once you've decided, click 'Buy'.

Signing up to Cex.io
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You'll be asked to confirm your buy.

Check everything looks correct and click 'Confirm the order'.

Signing up to Cex.io
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Congratulations- you now own some Bitcoin!

Press 'Ok'.

Signing up to Cex.io
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18

We'll use the site Binance to exchange your Bitcoin for Stratis.

Click here to go to Binance, and click 'Register' on the top right menu.

Binance exchange
14
19

Enter your email and a strong password (that you won't forget!).

Click 'Register'.

Setting up a Binance account
15
20

You will be sent an email to confirm your email address.

Click the link in the email.

Setting up a Binance account
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21

You will be taken back to Binance as your email is confirmed.

Press 'Login'.

On the login form, enter the email and password you just used to sign up, then press 'Login'.

Setting up a Binance account
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22

A pop-up will advise you to set up 2FA (two factor authentication) on your account.

We strongly advise you to do this- in the event a hacker manages to get hold of your password, this second level of security makes it very unlikely they will be able to get into your Binance account.

We recommend using the Google Auth app on your mobile phone, as it's the most secure 2FA available.

Setting up a Binance account
18
23

Hover your mouse over 'FUNDS' on the top menu and click on 'Deposits Withdrawals'.

This screen displays any coins you have stored on Binance- obviously none at the moment.

Type 'BTC' in the search box.

This will narrow the wallets displayed to just one- Bitcoin.

Press 'Deposit'

You will be given a Bitcoin deposit address (a long string of numbers and letters).

Copy this address and keep it somewhere safe as we're going to need it soon.

Setting up a Binance account
19

Now, return to Coinbase.

Click 'Accounts' from the top menu, then find your Bitcoin wallet listed on the left.

Click 'Send'.

Sending Bitcoin on Coinbase
20

In the 'Recipient' box, paste the Bitcoin wallet address we just copied from Binance.

In amount, type how much Bitcoin you wish to send (there is a 'use max' option if you wish to send it all).

Click 'Continue'.

Coinbase may ask you to confirm with your password/phone. Follow the instructions until it confirms the Bitcoin are sent.

Sending Bitcoin on Coinbase
24

Go back to Cex.io

Press 'Withdraw' on the top menu.

Under 'Select currency and amount' click 'USD' and select 'BTC' in the drop down menu.

Input the amount of Bitcoin you're sending.

In the box labelled 'Enter the recipient's address below' paste the Bitcoin wallet address we just copied from Binance.

Once you've looked everything over, click the check box to confirm you've double checked everything is correct.

Press 'Withdraw'.

Signing up to Cex.io
25

You will be asked for a 2-factor authentication number.

Use your selected method of authentication to generate the number and write it in the box. Press 'Confirm'.

Signing up to Cex.io
26

You will be sent an email to confirm the withdrawal.

Go to your personal email and click the link Cex.io has sent you. This will send the coins on their way.

Signing up to Cex.io
21
27

Now we've got to wait a few minutes for the coins to move across the network.

Unless there's an unusually large network backlog, the coins will take between 20 and 60 minutes to appear in your Binance wallet.

Binance will update automatically so there's no need to refresh the page.

While you're waiting, consider sharing this guide with your friends and followers to spread the word about Stratis, encouraging its popularity and value to grow.

Here's some share buttons to make it easy:

22
28

Once the Bitcoin shows in your 'available balance' we're ready to trade for Stratis.

Click here to jump straight to the STRAT/BTC exchange market on Binance.

Setting up a Binance account
23
29

The exchange page can look overwhelming at first, but don't worry, we're only going to use a small part of it.

There are two ways of buying coins:

A 'Limit' order, which lets you manually set the price at which you want to buy STRAT.

A 'Market' buy, which fills your order automatically at the best price available.

As market buy is the simpler of the two options we'll go with that.

Look for the big green 'Buy STRAT' button.

Above it, click the 'Market' option.

In the input box marked 'Amount' you now need to fill in how many STRAT you'd like to buy. It may be easier to use the percentage buttons below the input box- for example, press 50% if you'd like to exchange 50% of your Bitcoin for STRAT.

When you're happy with the amount, press the buy button.

Your order will be filled immediately.

Setting up a Binance account
24
30

Press 'Funds' along the top menu, then 'Deposits Withdrawals'.

In the search box, type STRAT. You will now see your new STRAT in your STRAT wallet.

Setting up a Binance account
25
31

Now lets move these coins to your personal wallet.

Click the 'Withdrawal' button.

In the boxes that appear, fill in this information:

Label: Write 'My wallet'

Address: Put the wallet address that you copied from Stratis wallet (in step 3).

Available: Press the 'Max' button to send all your STRAT.

Once you're sure all this information is correct (double check you've inputted the correct wallet address!), press 'Submit'.

If you've set up two-factor authentication, you will be asked for a code from your phone. Enter it and press 'Submit'.

You will be sent an email to confirm the withdrawal.

Go to your email and click the link that has been sent to you.

Setting up a Binance account
26
32

Go back to your Stratis wallet.

Once your wallet has finished syncing with the blockchain you should soon see your new coins appear in your spendable and total balance.

If the coins haven't appeared within an hour, go back to the Changelly exchange page and scroll to the bottom, then click the 'Having troubles?' box and follow the instructions.

Waves wallet
Links

Other buying guides
Further reading

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