A Step-by-Step-Guide on how to buy Sumokoin (SUMO)
Step 1 – Signup to CEX.io You'll first need to buy units of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and receive Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Sumokoin (SUMO) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Sumokoin (SUMO) Once your deposit has been confirmed, you'll instantly have access to your assets and you can commence buying and trading. To buy Sumokoin (SUMO) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. In order to find Sumokoin (SUMO), you'll need to put the shortname of the coin (SUMO) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we have marked this also. Click on “SUMO/BTC” to go ahead.
Step 4 – Acquisition of Sumokoin (SUMO) As soon as you've spotted Sumokoin (SUMO), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most recent price Sumokoin (SUMO) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of SUMO you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete volumen of SUMO. When you are happy, click on “Buy SUMO”. Your plan will be filled as soon as a Vender sells their SUMO for the price you gave.
Step 5 – Withdraw Sumokoin (SUMO) Unless you're trading, never keep your crypto coins on an Cryptocurrency Exchange for an extended period of time. In order to withdraw your Sumokoin (SUMO), go to the ”Funds” tab and mouse click on “Withdraw”. Sumokoin (SUMO) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Sumokoin (SUMO) by using the given drop-down box. Put into the amount of Sumokoin (SUMO) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You could be requested for verfication via phone/email before a withdrawal.