How to Buy SONM (SNM)

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).

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. SONM (SNM) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find SONM (SNM)

Once your deposit has been approved, you'll immediately have access to your funds and you can start purchasing and trading. To purchase SONM (SNM) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to find SONM (SNM), you will need to put the short name of the asset (SNM) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we've marked this too. Click on “SNM/BTC” to progress.

Binance Hot To Buy SONM (SNM)
Binance How to Buy (SNM) SONM
Step 4 – Buying SONM (SNM)

Once you've spotted SONM (SNM), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date valuation SONM (SNM) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of SNM you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole quantity of SNM.

If you are satisfied, click on “Buy SNM”. Your order will be filled as soon as a Vendor sells their SNM for the price you introduced.

Step 5 – Withdraw SONM (SNM)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your SONM (SNM), go to the ”Funds” tab and click on “Withdraw”. SONM (SNM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate SONM (SNM) by using the provided drop-down box. Drop in the amount of SONM (SNM) you would like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a take off.

Binance Withdraw

Congrats! You've successfully purchased and stored SONM (SNM).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (SNM) SONM is safe inside your wallet, you are all done.

Some other Guides on How to buy Coins

How to Buy Whalesburg
How to Buy AlphaDex
How to Buy Coins
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