How to Buy SONM (SNM)

A Step-by-Step-Guide on how to buy SONM (SNM)

Step 1 – Signup to CEX.io

In the beginning you'll need to buy units of the major coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive Bitcoin (BTC) or Ethereum (ETH).

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

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. SONM (SNM) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you have chosen the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate (SNM) SONM

As soon as your deposit has been verified, you'll immediately have access to your finances and you can start buying and trading. To invest in (SNM) SONM on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”.

To find (SNM) SONM, you'll need to insert the shortname of the coin (SNM) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this also. Click on “SNM/BTC” to proceed.

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

After you've found (SNM) SONM, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are going to create our own Limit Order.

The ”Price” field will be filled automatically with the up-to-date valuation (SNM) SONM was sold for. This can be changed to your desired rate. The ”Amount” field is the quantity of SNM you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole quantity of SNM.

When you are satisfied, make a mouse click on “Buy SNM”. Your order will be filled when a Vendor sells their SNM for the price you offered.

Step 5 – Withdraw (SNM) SONM

Unless you're regularly trading, you should never keepyour coins on an Crypto Trader for an extensive time frame. To take off your (SNM) SONM, go to the tab called “Funds” and click on “Withdraw”. (SNM) SONM can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Binance Withdraw

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

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on network usage). Once you have proved your take off with Ethplorer.io or Etherscan.io and the SONM (SNM) is safe within your wallet, you are finished.