How to Buy Siacoin (SC) in the UK (2021)

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Brought to life in 2014, Siacoin (SC) is a blockchain project that’s aiming to decentralise cloud storage. It’s currently still sitting in the top 100 cryptocurrency projects (ranked by market capitalisation).

But despite being around a while, it’s not available in that many places.

Check out this short post for an overview of places where you can buy Siacoin (SC) in the UK.

Summary: Where Can You Get Siacoin (SC)?

Here’s a quick summary of three places where you can buy Siacoin (SC) in the UK, along with estimated fees you’d pay.

ProviderGBP Deposits AvailableFees
BinanceYesUp to 0.10%
KrakenYesUp to 0.26%
BC BitcoinYes3% (with discount)

Binance, one of the best cryptocurrency exchanges around, is the cheapest option of the lot. It supports GBP deposits and allows you to buy Siacoin (SC) at the real exchange rate without paying more than 0.1% in trading fees. Your initial deposit will be slow, but thereafter it’s quick to deposit GBP and buy any of the 250+ supported cryptocurrencies.

If you’re after a more personal touch and care about service, then check out BC Bitcoin. Take advantage of our exclusive offer and you’ll only pay 3% in fees (normally 5%) when you buy Siacoin (SC) with a UK bank transfer.

Let’s go through some more details about these two below.

Buy Siacoin (SC) in the UK

1. Binance

Binance logo over their trading interface

Founded in 2017, Binance has grown into one of the most popular cryptocurrency exchanges in the world (15 million+ users).

But let’s cut to the point.

The maximum fees you’ll pay on Binance are 0.1%. That’s already great, but you can get discounts on this by paying for your fees using Binance Coin (BNB), or when you trade more using it.

In 2020, Binance introduced support for GBP deposits via UK bank transfers too. Because they support Faster Payments, deposits you make are credited fast (within 15 minutes after your initial transfer). This is free, too.

Overview: Buying Siacoin (SC) on Binance
  • Create an account with Binance.
  • Deposit GBP using a UK bank transfer into Binance.
  • Buy Tether (USDT) on the GBP/USDT market.
  • Buy Siacoin (SC) on the SC/USDT market.

There’s no GBP trading pair for Siacoin (SC) on Binance, so you’ll need to exchange another cryptocurrency for it instead.

In the summary above, I’ve chosen Tether (USDT). However, there are three other Siacoin (SC) trading pairs available on Binance you can choose from.

What GBP trading pairs are available on Binance?

Binance currently has 16 GBP trading pairs available to UK residents:

  • ADA/GBP
  • BNB/GBP
  • BTC/GBP
  • CAKE/GBP
  • CHZ/GBP
  • DOGE/GBP
  • DOT/GBP
  • ENJ/GBP
  • ETH/GBP
  • GBP/BUSD
  • GBP/USDT
  • LINK/GBP
  • LTC/GBP
  • SXP/GBP
  • VET/GBP
  • XRP/GBP
What Siacoin (SC) trading pairs are available on Binance?

Binance currently has 4 Siacoin (SC) trading pairs available on Binance:

  • SC/BNB
  • SC/BTC
  • SC/ETH
  • SC/USDT

When I last checked, the SC/USDT trading pair had the highest trading volume.

Unfortunately, Binance does not have a SC/GBP trading pair available.

Binance also allows you to deposit GBP using a credit or debit card. At the time of writing, you’ll be charged a fee of 1.8%. That’s extremely competitive, but it’s still an unnecessary fee that you’re paying.

And FYI: you’ll usually pay additional fees (and higher interest) to your card issuer if you use a credit card. This further increases the cost of using a credit card to buy cryptocurrency.

Binance WebsiteBinance Review

2. BC Bitcoin

BC Bitcoin logo header (version 2)

BC Bitcoin is another way you can buy Siacoin (SC) in the UK.

Founded in 2017, this is a cryptocurrency broker that allows you to buy and sell almost any cryptocurrency you want to get your hands on. This includes Siacoin (SC), as well as Filecoin (FIL), AAVE (AAVE), and more.

The only exception is privacy coins – which includes Monero (XMR) and Zcash (ZEC).

Overview: Buying Siacoin (SC) on BC Bitcoin
  • Use this link to create an account with BC Bitcoin. If you do, you’ll pay lower fees if you buy Siacoin (SC) and/or other cryptocurrencies with a UK bank transfer.
  • Select “Buy Coins” on the BC Bitcoin website.
  • Find Siacoin (SC) in the dropdown list and input how much you’d like to buy. You’ll be shown a preview of the fees you’ll be charged.
  • Provide a wallet address. (You can find a list of wallets that support Siacoin (SC) lower in this post).
  • Check the details and select ‘Next Step’. You’ll then be provided with the bank details you need to send the GBP over to.
  • Once the money is received, the order will be processed and your coins will be sent to your specified wallet address.

You’ll normally be charged 5% in fees if you buy less than £5000 worth of Siacoin (SC). But if you register with them using our exclusive sign-up portal, you’ll only pay 3% in fees if you buy Siacoin (SC) and other cryptocurrencies with a UK bank transfer.

These fees are higher than what’s possible to get on a cryptocurrency exchange. However, it’s much easier to use and they have great customer service – which is something that you’ll find many exchanges struggle with.

The minimum order value is £250, too. But FYI, you can buy multiple cryptocurrencies in a single order. If you want to do this, you’ll have to contact them though (it’s not possible via the website).

BC Bitcoin ReviewRegister Now

Best Siacoin (SC) Wallets

You can leave Siacoin (SC) on cryptocurrency exchanges (and with some brokers). This is sometimes the best option, especially if you’re looking to trade back and forth.

However, it’s well-recommended across the crypto-community to take ownership of your coins by withdrawing them to a wallet that you control.

But…

Compared to other projects, Siacoin (SC) has quite a low number of wallets that you can choose between.

The most obvious choice is to download the official client: Sia UI. This is only available on desktop computers, but it looks slick!

It also looks like you can store Siacoin (SC) on the Ledger Nano S – but it requires a bit of messing around to get this working.

Which multi-crypto wallets don’t support Siacoin (SC)?

You cannot currently manage a Siacoin (SC) wallet on:

Thanks for Reading

Thanks for checking out this guide to buying Siacoin (SC). I hope it’s been useful.

Any questions? Let me know in the comments.

And while you’re here, here are some other posts you might like:

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