A Step-by-Step-Guide on how to buy SONM (SNM)
Step 1 – Join CEX.io You will first need to buy units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. SONM (SNM) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate (SNM) SONM As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can start buying and trading. To buy (SNM) SONM on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. In order to spot (SNM) SONM, you'll need to put the short name of the asset (SNM) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we've marked this also. Click on “SNM/BTC” to go on.
Step 4 – Buy SONM (SNM) Once you've located SONM (SNM), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the latest rate SONM (SNM) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of SNM you want to purchase. The ”Total” field is the whole price in BTC that you will settle for the whole amount of SNM. If you're glad, click on “Buy SNM”. Your order will be filled as soon as a Vendor trades their SNM for the price you offered.
Step 5 – Withdraw SONM (SNM) Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. To take off your SONM (SNM), go to the ”Funds” tab and click on “Withdraw”. SONM (SNM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate SONM (SNM) by using the given drop-down box. Enter the quantity of SONM (SNM) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification before a take off.