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 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

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

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Locate SONM (SNM)

Once your deposit has been verified, you'll now have access to your funds and you can initiate purchasing and trading. To invest in SONM (SNM) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

To find SONM (SNM), you'll need to put the short name of the asset (SNM) into the search-box, which is highlighted in the image. Make sure you have choosen the proper pairing, we've marked this too. Click on “SNM/BTC” to go ahead.

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

After 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 picture). For now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation SONM (SNM) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of SNM you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the complete volumen of SNM.

When you are glad, make a mouse click on “Buy SNM”. Your plan will be filled as soon as a Seller sells their SNM for the price you offered.

Step 5 – Withdraw SONM (SNM)

Unless you are regularly trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your SONM (SNM), go to the tab called “Funds” and click on “Withdraw”. SONM (SNM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find SONM (SNM) by using the given drop-down box. Put into the amount of SONM (SNM) you'd like to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

If you are glad, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Binance Withdraw

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

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (SNM) SONM is safe inside your wallet, you're finished.

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