A Step-by-Step-Guide on how to buy Serum (SRM)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Serum (SRM) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Serum (SRM) As soon as your deposit has been approved, you will instantly have access to your assets and you can commence buying and trading. To buy Serum (SRM) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Serum (SRM), you will need to insert the shortname of the coin (SRM) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we've marked this too. Click on “SRM/BTC” to proceed.
Step 4 – Purchasing Serum (SRM) Once you've discovered Serum (SRM), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our Limit Order. The ”Price” field will be filled automatically with the most latest price Serum (SRM) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of SRM you like to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of SRM. When you're satisfied, click on “Buy SRM”. Your plan will be filled when a Vendor trades their SRM for the price you submitted.
Step 5 – Withdraw Serum (SRM) Unless you are trading, never keep your crypto coins on an Crypto Exchange for an longer time frame. In order to withdraw your Serum (SRM), go to the ”Funds” tab and click on “Withdraw”. Serum (SRM) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Serum (SRM) by using the given drop-down box. Enter the quantity of Serum (SRM) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be requested for phone/email verification before a take off.