How to Buy Bitsum (BSM)

A Step-by-Step-Guide on how to buy Bitsum (BSM)

Step 1 – Signup to Kraken

You will first need to purchase units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Bitsum (BSM) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Bitsum (BSM)

As soon as your deposit has been verified, you'll now have access to your assets and you can initiate invest and trading. To purchase Bitsum (BSM) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To locate Bitsum (BSM), you'll need to put the shortname of the coin (BSM) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've marked this also. Click on “BSM/BTC” to continue.

Binance Hot To Buy Bitsum (BSM)
Binance How to Buy (BSM) Bitsum
Step 4 – Purchasing Bitsum (BSM)

As soon as you have discovered Bitsum (BSM), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the latest price Bitsum (BSM) was traded for. You can change this to your favoured rate. The ”Amount” field is the volumen of BSM you wish to purchase. The ”Total” field is the whole price in BTC that you will settle for the complete volumen of BSM.

When you're satisfied, make a mouse click on “Buy BSM”. Your plan will be filled as soon as a Seller trades their BSM for the price you offered.

Step 5 – Withdraw Bitsum (BSM)

Unless you're trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended period of time. To take off your Bitsum (BSM), go to the tab called “Funds” and click on “Withdraw”. Bitsum (BSM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitsum (BSM) by using the given drop-down box. Enter the quantity of Bitsum (BSM) you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.

Binance Withdraw

Kudos! You have successfully purchased and stored Bitsum (BSM).

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the (BSM) Bitsum is stored inside your wallet, you are all done.

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