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 Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. SONM (SNM) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you've selected the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate SONM (SNM)

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

To locate SONM (SNM), you'll need to insert the cointype (SNM) into the search-box, which is marked in the image. Make sure you have selected the right grouping, we've highlighted this too. Click on “SNM/BTC” to progress.

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

As soon as you've discovered SONM (SNM), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate SONM (SNM) was sold for. You can change this to your favoured price. The ”Amount” field is the amount of SNM you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of SNM.

When you are glad, make a mouse click on “Buy SNM”. Your order will be filled as soon as a Vender trades their SNM for the price you gave.

Step 5 – Withdraw SONM (SNM)

Unless you're regularly trading, never keep your crypto coins on an Exchange for an longer period of time. In order to take off your SONM (SNM), hover over the tab called “Funds” and mouse click on “Withdraw”. SONM (SNM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find SONM (SNM) by using the provided drop-down box. Drop in the amount of SONM (SNM) you'd like to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully purchased and safed SONM (SNM).

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (SNM) SONM is stored within your wallet, you are all done.

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