How to Buy Bitsum (BSM)

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

Step 1 – Join CEX.io

In the beginning you'll need to purchase units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Bitsum (BSM) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find (BSM) Bitsum

Once your deposit has been verified, you will now have access to your assets and you can begin purchasing and trading. To buy (BSM) Bitsum on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To locate (BSM) Bitsum, you will need to put the cointype (BSM) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we've highlighted this also. Click on “BSM/BTC” to proceed.

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

After you have discovered (BSM) Bitsum, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to create our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date rate (BSM) Bitsum was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of BSM you want to buy. The ”Total” field is the total price in BTC that you will pay for the whole volumen of BSM.

When you are happy, click on “Buy BSM”. Your plan will be filled when a Vender trades their BSM for the price you introduced.

Step 5 – Withdraw (BSM) Bitsum

Unless you are frequently trading, best advise is not to keep crypto on an Crypto Exchange for an extended time period. In order to withdraw your (BSM) Bitsum, go to the tab called “Funds” and mouse click on “Withdraw”. (BSM) Bitsum can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (BSM) Bitsum by using the provided drop-down box. Drop in the quantity of (BSM) Bitsum you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you are satisfied, click “Submit”. You could be requested for email/phone verification ahead of a take off.

Binance Withdraw

Congrats! You've successfully bought and safed (BSM) Bitsum.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (BSM) Bitsum is stored in your wallet, you're all done.