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How to Buy SONM (SNM)

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).

Binance Signup
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. SONM (SNM) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find SONM (SNM)

As soon as your deposit has been verified, you will immediately have access to your finances and you can begin invest and trading. To purchase SONM (SNM) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”.

In order to spot SONM (SNM), you'll need to put the cointype (SNM) into the search box, which is marked in the picture. Be certain of having selected the proper grouping, we have marked this also. Click on “SNM/BTC” to proceed.

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

Once you have found SONM (SNM), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The ”Price” field will be filled automatically with the most latest rate SONM (SNM) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of SNM you like to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the whole quantity of SNM.

When you are happy, make a mouse click on “Buy SNM”. Your plan will be filled as soon as a Vender trades their SNM for the price you introduced.

Step 5 – Withdraw SONM (SNM)

Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extended period of time. In order to take off your SONM (SNM), hover over the ”Funds” tab and mouse click on “Withdraw”. SONM (SNM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find SONM (SNM) by using the provided drop-down box. Enter the amount of SONM (SNM) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

If you're happy, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Congrats! You have successfully bought and stored SONM (SNM).

That's it!

Take offs from Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your take off with Etherscan.io or Ethplorer.io and the SONM (SNM) is safe within your wallet, you are all done.

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