A Step-by-Step-Guide on how to buy Serum (SRM)
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the top-tier coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Serum (SRM) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Serum (SRM) Once your deposit has been confirmed, you will directly have access to your funds and you can commence buying and trading. To buy Serum (SRM) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate Serum (SRM), you will need to insert the short name of the asset (SRM) into the search box, which is marked in the picture. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “SRM/BTC” to continue.
Step 4 – Purchasing Serum (SRM) As soon as you have located Serum (SRM), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order. The ”Price” field will be filled with the most latest valuation Serum (SRM) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of SRM you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete amount of SRM. When you're glad, make a mouse click on “Buy SRM”. Your order will be filled when a Vender sells their SRM for the price you gave.
Step 5 – Withdraw Serum (SRM) Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer period of time. To take off your Serum (SRM), hover over the tab called “Funds” and click on “Withdraw”. Serum (SRM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Serum (SRM) by using the provided drop-down box. Put into the amount of Serum (SRM) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address. If you are happy, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.