A Step-by-Step-Guide on how to buy Sumcoin (SUM)
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy units of the bigger currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and to get your welcome 10$.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Sumcoin (SUM) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Locate (SUM) Sumcoin As soon as your deposit has been verified, you'll immediately have access to your finances and you can start purchasing and trading. To invest in (SUM) Sumcoin on Binance, you'll want to hover over the ”Exchange” tab and after that click on “Basic”. In order to spot (SUM) Sumcoin, you'll need to insert the cointype (SUM) into the search box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have marked this too. Click on “SUM/BTC” to advance.
Step 4 – Buy Sumcoin (SUM) After you've discovered Sumcoin (SUM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date valuation Sumcoin (SUM) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of SUM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete amount of SUM. When you're glad, make a mouse click on “Buy SUM”. Your plan will be filled as soon as a Vendor sells their SUM for the price you offered.
Step 5 – Withdraw Sumcoin (SUM) Unless you are trading, best advise is not to keep your coins on an Exchange for an longer period of time. To withdraw your Sumcoin (SUM), hover over the ”Funds” tab and mouse click on “Withdraw”. Sumcoin (SUM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Sumcoin (SUM) by using the provided drop-down box. Put into the volumen of Sumcoin (SUM) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.