A Step-by-Step-Guide on how to buy Sumcoin (SUM)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click the button below for registration and to get your welcome 10$.
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Sumcoin (SUM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find (SUM) Sumcoin As soon as your deposit has been approved, you'll instantly have access to your assets and you can commence purchasing and trading. To purchase (SUM) Sumcoin on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. To find (SUM) Sumcoin, you'll need to insert the short name of the asset (SUM) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “SUM/BTC” to proceed.
Step 4 – Purchasing Sumcoin (SUM) After you have found Sumcoin (SUM), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we're making our Limit Order. The ”Price” field will be filled with the most latest valuation Sumcoin (SUM) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of SUM you want to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete volumen of SUM. If you're happy, click on “Buy SUM”. Your order will be filled when a Vendor trades their SUM for the price you gave.
Step 5 – Withdraw (SUM) Sumcoin Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer period of time. In order to take off your (SUM) Sumcoin, hover over the tab called “Funds” and click on “Withdraw”. (SUM) Sumcoin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SUM) Sumcoin by using the provided drop-down box. Put into the volumen of (SUM) Sumcoin you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.