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A Step-by-Step-Guide on how to buy SOMIDAX (SMDX)

Step 1 – Join Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and getting your first 10 Dollar.

Binance Signup
Step 2 – Transmit Your Funds to an Exchange

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. SOMIDAX (SMDX) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Locate (SMDX) SOMIDAX

Once your deposit has been approved, you will directly have access to your finances and you can launch invest and trading. To buy (SMDX) SOMIDAX on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To locate (SMDX) SOMIDAX, you will need to put the short name of the asset (SMDX) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this too. Click on “SMDX/BTC” to go on.

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

After you've spotted (SMDX) SOMIDAX, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date valuation (SMDX) SOMIDAX was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of SMDX you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of SMDX.

When you're happy, click on “Buy SMDX”. Your plan will be filled as soon as a Seller trades their SMDX for the price you offered.

Step 5 – Withdraw SOMIDAX (SMDX)

Unless you're frequently trading, you should never keepyour coins on an Exchange for an longer time frame. To take off your SOMIDAX (SMDX), hover over the tab called “Funds” and click on “Withdraw”. SOMIDAX (SMDX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate SOMIDAX (SMDX) by using the given drop-down box. Enter the amount of SOMIDAX (SMDX) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you're glad, click “Submit”. You could be requested for phone/email verification ahead of a take off.

Congratulations! You've successfully purchased and stored SOMIDAX (SMDX).

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your take off using or and the SOMIDAX (SMDX) is safe inside your wallet, you are all done.