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How to Buy Bitsum (BSM)

A Step-by-Step-Guide on how to buy Bitsum (BSM)

Step 1 – Signup to CEX.io

You'll first need to buy one of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Bitsum (BSM) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate Bitsum (BSM)

As soon as your deposit has been verified, you'll directly have access to your funds and you can launch purchasing and trading. To purchase Bitsum (BSM) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot Bitsum (BSM), you'll need to insert the cointype (BSM) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we have highlighted this also. Click on “BSM/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Bitsum (BSM)
Step 4 – Purchasing Bitsum (BSM)

Once you have discovered Bitsum (BSM), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are creating our own Limit Order.

The ”Price” field will be filled with the most recent rate Bitsum (BSM) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of BSM you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete quantity of BSM.

If you are satisfied, make a mouse click on “Buy BSM”. Your plan will be filled as soon as a Seller sells their BSM for the price you introduced.

Step 5 – Withdraw Bitsum (BSM)

Unless you're frequently trading, best advise is not to keep your coins on an Exchange for an longer period of time. To take off your Bitsum (BSM), go to the ”Funds” tab and click on “Withdraw”. Bitsum (BSM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitsum (BSM) by using the given drop-down box. Enter the amount of Bitsum (BSM) you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.

Congratulations! You've successfully purchased and stored Bitsum (BSM).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the Bitsum (BSM) is safe within your wallet, you are done.

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