A Step-by-Step-Guide on how to buy SONM (SNM)
Step 1 – Signup to Kraken You'll first need to buy units of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. SONM (SNM) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find SONM (SNM) As soon as your deposit has been approved, you will now have access to your assets and you can commence purchasing and trading. To invest in SONM (SNM) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to find SONM (SNM), you'll need to put the cointype (SNM) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have highlighted this also. Click on “SNM/BTC” to advance.
Step 4 – Acquisition of SONM (SNM) Once you have found SONM (SNM), 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 create our own Limit Order. The ”Price” field will be filled with the most recent valuation SONM (SNM) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of SNM you want to buy. The ”Total” field is the whole price in BTC that you will pay for the complete amount of SNM. When you're happy, make a mouse click on “Buy SNM”. Your plan will be filled as soon as a Vendor sells their SNM for the price you gave.
Step 5 – Withdraw SONM (SNM) Unless you are frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive period of time. In order to withdraw your SONM (SNM), hover over the tab called “Funds” and mouse click on “Withdraw”. SONM (SNM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate SONM (SNM) by using the given drop-down box. Put into the volumen of SONM (SNM) you would wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, click “Submit”. You may be asked for phone/email verification before a take off.