How to Buy SOMIDAX (SMDX)

A Step-by-Step-Guide on how to buy SOMIDAX (SMDX)

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase one of the bigger currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and to get your first $10.

Coinbase Free Bitcoin

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. SOMIDAX (SMDX) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find (SMDX) SOMIDAX

Once your deposit has been affirmed, you'll immediately have access to your assets and you can initiate purchasing and trading. To purchase (SMDX) SOMIDAX on Binance, you'll want to hover over the ”Exchange” tab and mouse click on “Basic”.

In order to discover (SMDX) SOMIDAX, you'll need to insert the cointype (SMDX) into the search box, which is marked in the image. Be certain of having choosen the right pairing, we have marked this also. Click on “SMDX/BTC” to go on.

Binance Hot To Buy SOMIDAX (SMDX)
Binance How to Buy (SMDX) SOMIDAX
Step 4 – Buying SOMIDAX (SMDX)

Once you've spotted SOMIDAX (SMDX), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we are making our own Limit Order.

The ”Price” field will be filled with the latest tariff SOMIDAX (SMDX) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the volumen of SMDX you wish to buy. The ”Total” field is the whole price in BTC that you will settle for the whole volumen of SMDX.

If you're happy, click on “Buy SMDX”. Your plan will be filled as soon as a Seller trades their SMDX for the price you gave.

Step 5 – Withdraw SOMIDAX (SMDX)

Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an extended time frame. In order to take off your SOMIDAX (SMDX), hover over the ”Funds” tab and click on “Withdraw”. SOMIDAX (SMDX) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate SOMIDAX (SMDX) by using the given drop-down box. Enter the quantity of SOMIDAX (SMDX) you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you are glad, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully bought and safed SOMIDAX (SMDX).

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the SOMIDAX (SMDX) is stored in your wallet, you're finished.