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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. SONM (SNM) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find SONM (SNM)

As soon as your deposit has been verified, you will immediately have access to your assets and you can start invest and trading. To invest in SONM (SNM) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”.

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 graphic. Make sure you have choosen the proper pairing, we've highlighted this also. Click on “SNM/BTC” to advance.

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

Once you've spotted SONM (SNM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled with the most recent valuation SONM (SNM) was sold for. This can be changed to your desired rate. The ”Amount” field is the amount of SNM you like to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole amount of SNM.

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

Step 5 – Withdraw SONM (SNM)

Unless you're regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extended time period. In order to withdraw 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)

Find SONM (SNM) by using the given drop-down box. Drop in the volumen of SONM (SNM) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Binance Withdraw

Congrats! You've successfully bought and safed SONM (SNM).

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (SNM) SONM is stored within your wallet, you are all done.

Some other Guides on How to buy Coins

How to Buy COVIR
How to Buy CrowdWiz
How to Buy Coins