A Step-by-Step-Guide on how to buy Serum (SRM)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the top-tier coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your Bitcoin or Ethereum.
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Serum (SRM) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find Serum (SRM) Once your deposit has been affirmed, you'll directly have access to your finances and you can commence invest and trading. To purchase Serum (SRM) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To find Serum (SRM), you'll need to insert the cointype (SRM) into the search-box, which is marked in the graphic. Be certain of having choosen the right grouping, we've marked this too. Click on “SRM/BTC” to continue.
Step 4 – Acquisition of Serum (SRM) Once you have found Serum (SRM), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to make our Limit Order. The ”Price” field will be filled with the most latest price Serum (SRM) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of SRM you want to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the complete quantity of SRM. When you're happy, click on “Buy SRM”. Your plan will be filled when a Vendor trades their SRM for the price you introduced.
Step 5 – Withdraw Serum (SRM) Unless you are trading, never keep your crypto on an Exchange for an extensive time frame. To take off your Serum (SRM), hover over the ”Funds” tab and mouse click on “Withdraw”. Serum (SRM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Serum (SRM) by using the provided drop-down box. Enter the amount of Serum (SRM) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you are glad, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.