SIN coins are traded on Centralized Exchanges, where people who want to sell SIN coins and buy SIN coins come together.
The following exchanges allow you to trade $SIN against a trading pair
A trading pair is another crypto currency, for example bitcoin (symbol BTC) that you exchange to buy SIN coins. All listed exchanges have the BTC / SIN trading pairs, while a few also have the ETH / SIN and USDT / SIN pairs .In order to make the trade you need to deposit the trading pair to the exchange wallet under your account at the exchange. Some exchanges will allow you to buy the trading pair crypto currency directly from them. You can also buy the trading pair crypto currency like bitcoin somewhere else, and then transfer it to the exchange wallet.
Bid & Ask
Once you have funded the exchange wallet with the trading pair, you can make the trade. You typically select either a “Market” type order or a “Limit” type order when making the trade. A market order attempts to buy/sell at the current market price. It buys or sells “right now.” What it does is it buys or sells available limit orders currently sitting on the “order book.” A limit order places an order on the order book in hopes that it’ll be filled by someone else’s market order.
A sell limit order is called an “ask” and a buy limit order is called a “bid.” Limit order will “fill” as market orders buy or sell into limit orders. .After the trade you will have SIN coins in your wallet at the exchange. You can keep the SIN coins there, but it’s highly recommended that you transfer them to your own SIN wallet that you control. You do this by selecting the withdrawal feature on the exchange and enter a receiving address from your wallet.
The SIN coin transfer from the exchange to your wallet can take time, and the exchange will show you how much time is left to complete the transfer.