How to Buy Sumokoin (SUMO)

A Step-by-Step-Guide on how to buy Sumokoin (SUMO)

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to buy one of the bigger coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your first $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Sumokoin (SUMO) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Sumokoin (SUMO)

As soon as your deposit has been verified, you will now have access to your funds and you can begin purchasing and trading. To purchase Sumokoin (SUMO) on Binance, you will want to go to the ”Exchange” tab and mouse click on “Basic”.

In order to discover Sumokoin (SUMO), you will need to put the short name of the asset (SUMO) into the search box, which is highlighted in the image. Be certain of having choosen the correct pairing, we've highlighted this also. Click on “SUMO/BTC” to continue.

Binance Hot To Buy Sumokoin (SUMO)
Binance How to Buy (SUMO) Sumokoin
Step 4 – Purchase Sumokoin (SUMO)

Once you have discovered Sumokoin (SUMO), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate Sumokoin (SUMO) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of SUMO you like to buy. The ”Total” field is the total price in BTC that you'll settle for the complete amount of SUMO.

When you're glad, make a mouse click on “Buy SUMO”. Your plan will be filled as soon as a Vendor trades their SUMO for the price you offered.

Step 5 – Withdraw (SUMO) Sumokoin

Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extended time period. To take off your (SUMO) Sumokoin, hover over the ”Funds” tab and mouse click on “Withdraw”. (SUMO) Sumokoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (SUMO) Sumokoin by using the provided drop-down box. Drop in the volumen of (SUMO) Sumokoin you would like to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Binance Withdraw

Congrats! You have successfully purchased and safed Sumokoin (SUMO).

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Sumokoin (SUMO) is stored inside your wallet, you're done.