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).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. SONM (SNM) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find SONM (SNM) As soon as your deposit has been confirmed, you will now have access to your funds and you can start invest 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 put the short name of the asset (SNM) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we have highlighted this too. Click on “SNM/BTC” to go on.
Step 4 – Purchasing SONM (SNM) After you've discovered SONM (SNM), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date valuation SONM (SNM) was traded for. This can be changed to your favoured price. The ”Amount” field is the quantity of SNM you like to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole quantity of SNM. If you are glad, click on “Buy SNM”. Your order will be filled as soon as a Vender trades their SNM for the price you introduced.
Step 5 – Withdraw SONM (SNM) Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extensive period of time. To withdraw your SONM (SNM), hover over the tab called “Funds” and click on “Withdraw”. SONM (SNM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find SONM (SNM) by using the given drop-down box. Enter the amount of SONM (SNM) you would wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. If you are happy, click on “Submit”. You could be requested for phone/email verification ahead of a take off.