A Step-by-Step-Guide on how to buy Serum (SRM)
Step 1 – Join CEX.io You will first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Serum (SRM) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate (SRM) Serum As soon as your deposit has been verified, you will immediately have access to your funds and you can commence buying and trading. To buy (SRM) Serum on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To discover (SRM) Serum, you will need to put the cointype (SRM) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “SRM/BTC” to continue.
Step 4 – Acquisition of (SRM) Serum As soon as you've found (SRM) Serum, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most latest price (SRM) Serum was sold for. You can change this to your preferred price. The ”Amount” field is the amount of SRM you like to buy. The ”Total” field is the whole price in BTC that you'll pay for the complete amount of SRM. If you are glad, click on “Buy SRM”. Your plan will be filled when a Seller sells their SRM for the price you gave.
Step 5 – Withdraw (SRM) Serum Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (SRM) Serum, go to the ”Funds” tab and click on “Withdraw”. (SRM) Serum can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (SRM) Serum by using the provided drop-down box. Drop in the amount of (SRM) Serum you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.