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 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Serum (SRM) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Find Serum (SRM) Once your deposit has been verified, you'll instantly have access to your assets and you can commence invest and trading. To invest in Serum (SRM) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate Serum (SRM), you'll need to insert the short name of the asset (SRM) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “SRM/BTC” to proceed.
Step 4 – Buy Serum (SRM) After you have spotted Serum (SRM), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the latest tariff Serum (SRM) was sold for. This can be changed to your favoured rate. The ”Amount” field is the volumen of SRM you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of SRM. If you are happy, make a mouse click on “Buy SRM”. Your order will be filled as soon as a Vender sells their SRM for the price you gave.
Step 5 – Withdraw Serum (SRM) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extended time frame. To take off your Serum (SRM), go to the tab called “Funds” and mouse click on “Withdraw”. Serum (SRM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Serum (SRM) by using the provided drop-down box. Drop in the volumen of Serum (SRM) you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.