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How to Buy Sumokoin (SUMO)

A Step-by-Step-Guide on how to buy Sumokoin (SUMO)

Step 1 – Signup to CEX.io

You will first need to purchase units of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your Ethereum or Bitcoin.

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Sumokoin (SUMO) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you've selected the right coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find Sumokoin (SUMO)

Once your deposit has been approved, you'll instantly have access to your finances and you can launch buying and trading. To invest in Sumokoin (SUMO) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

To locate Sumokoin (SUMO), you'll need to insert the cointype (SUMO) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we have marked this also. Click on “SUMO/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Sumokoin (SUMO)
Step 4 – Acquisition of Sumokoin (SUMO)

Once you've spotted Sumokoin (SUMO), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are going to make our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date valuation Sumokoin (SUMO) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of SUMO you want to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the complete quantity of SUMO.

When you are happy, click on “Buy SUMO”. Your order will be filled when a Seller sells their SUMO for the price you gave.

Step 5 – Withdraw Sumokoin (SUMO)

Unless you are regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your Sumokoin (SUMO), go to the ”Funds” tab and mouse click on “Withdraw”. Sumokoin (SUMO) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Sumokoin (SUMO) by using the given drop-down box. Drop in the amount of Sumokoin (SUMO) you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, click “Submit”. You may be requested for phone/email verification before a withdrawal.

Congratulations! You've successfully purchased and safed Sumokoin (SUMO).

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the Sumokoin (SUMO) is stored within your wallet, you're done.

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