A Step-by-Step-Guide on how to buy SONM (SNM)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send 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. Every exchange has a deposit form that is alike. SONM (SNM) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate SONM (SNM) As soon as your deposit has been confirmed, you'll directly have access to your funds and you can start invest and trading. To purchase SONM (SNM) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To spot SONM (SNM), you'll need to put the cointype (SNM) into the search box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this also. Click on “SNM/BTC” to go on.
Step 4 – Buying SONM (SNM) As soon as you have located SONM (SNM), 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 create our own Limit Order. The field with the “Price” tag will be filled with the up-to-date rate SONM (SNM) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of SNM you like to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of SNM. When you're satisfied, make a mouse click on “Buy SNM”. Your plan will be filled as soon as a Vender sells their SNM for the price you offered.
Step 5 – Withdraw SONM (SNM) Unless you're trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive 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'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. When you're glad, click on “Submit”. You could be asked for email/phone verification before a withdrawal.