Best places to buy Serum A Guide to Investing in SRM

Where to buy Serum

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Serum (SRM) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Serum.

1. Binance

Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.

Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.

Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.

Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.

Binance Pros

• Over 365 coins are available for trading on a global scale.
• A diverse range of trading options and order types are available.
• Low transaction costs.
• Payment options are supported in a variety of ways.

Binance Cons

• The platform is complicated and may be confusing for some people.
• U.S exchange is more limited than others.
• Binance has ran into regulatory issues in a number of nations.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

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2. FTX

FTX is a cryptocurrency futures exchange that has swiftly established itself in a rapidly growing section of the cryptocurrency trading industry.

The exchange has received a lot of favorable feedback from the crypto trading community and already has strong daily trading volumes. This is pretty significant given the platform's relative young and the fact that FTX is not available to anybody located in the United States.

The exchange debuted in May 2019 and offers its users a variety of unique trading products such as Bitcoin options, over 45 leveraged tokens, 20 continuous swaps, MOVE contracts, and futures markets.

FTX Features

Users will find a lot to like about FTX, and we've highlighted the top features and benefits of utilizing this platform below.

1. Mobile software for iOS and Android that allows you to quickly and simply exchange one coin or money for another.
2. More than 130 different cryptocurrencies are supported.
3. Low trading costs are offered, as are discounts.
4. Staking is now available, allowing you to earn interest on your bitcoin.
5. For rewards, hold and stake FTX's token (FTT).
6. NFT exchange - buy and sell NFTs.
7. 1% of all net fees are donated to charity.
8. FTX Pay allows you to get paid in either cash or cryptocurrency.
9. Futures, stocks, leveraged tokens, volatility, and currency are examples of advanced markets.
10. Exchange is extremely secure - suspicious behavior is detected

Getting Started with FTX

The signup procedure is basic and similar to that of other cryptocurrency exchanges. You can begin by doing the following:

Step 1: By selecting the "Register" tab at the top right of the home page. In the pop-up registration box that appears, enter your email address and password.

Step 2: To register an account and receive a confirmation email, click the "Sign Up" button.

Step 3: By clicking on "Account Security" and selecting Authy, Google Authenticator, or SMS, you may now safeguard your account.

Step 4: You can now deposit funds to trade; however, your account has a total withdrawal restriction of $1,000 until KYC verification is completed.

Step 5: To finish the KYC verification procedure and unlock larger withdrawal limits, go to the "Settings" tab.

How to buy Serum on FTX

Buying Serum on FTX Exchange is pretty easy and you can follow the below guide to purchase your first SRM

1. Log in to your FTX account.

2. On the upper right-hand side, click Wallet.

3. Select the asset you want to Deposit by clicking the Deposit button.

4. Enter the amount you want to buy in crypto or your local money.

5. Choose a payment method. To confirm your purchase, click Deposit USD (you can always click the back arrow to make a change).

6. If all of the information is accurate, click Buy to complete your transaction.

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3. OKX

OKX crypto exchange, founded in 2017 and headquartered in the Seychelles, is a prominent cryptocurrency exchange that uses blockchain technology to provide clients with a diverse range of trading goods. Hundreds of tokens are available to clients in over 200 countries and you can easily purchase Serum (SRM) using our step by step.

It allow users to purchase, sell, and swap multiple supported assets. It also allows you to lend and borrow specific coins, as well as join proof-of-work mining pools and earn crypto as a miner. OKX presently offers over 100 cryptocurrencies, as well as over 400 crypto trading pairings.

According to CoinMarketCap, OKX is now one of the top 20 cryptocurrency exchanges in the world by trading volume, and it has a global presence.

Getting Started with OKX

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with OKX by following the easy steps outlined below.

Step 1: Go to OKX official website and click the Sign up button.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

Step 6: When you first use the OKEx platform as a newly registered user, you will be able to select whether you are new or experienced in bitcoin trading.

OKX Pros

• Allows the use of a wide range of fiat currencies to establish an account.
• Offers diverse range of services.
• Hundreds of trading pairs with high staking APYs.
• An easy-to-use buy/sell dashboard.
• Online chat tech support that replies promptly.

OKX Cons

• Very Complex fee structure.
• US Citizens are not allowed.
• There are no Demo accounts available.

 

How to buy Serum on OKX

Follow our step by step guide below to start buying Serum (SRM) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Serum from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Serum (SRM) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Serum will be instantly deposited to your OKX account after payment is completed.

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4. Huobi Global

Huobi is one of the world's major cryptocurrency trading platforms, originally located in Beijing but now headquartered in Singapore. The exchange accepts both ICO tokens, cryptocurrencies and highlights the Blockchain economy's future development.

This Exchange has incredible features that appeal to global investors, such as derivative trading. It is a Huobi Global feature that allows you to trade in both futures and swap markets. This function truly assists exchange users in maximizing their earning potential.

Huobi Global is regarded as a secure and trustworthy platform for purchasing, trading, storing, earning, and selling 348 digital currencies. Tens of millions of consumers in more than 195 countries utilize the exchange, which accepts over 60 payment options for converting cash to cryptocurrency.

Getting Started with Huobi Global

To create an account on Huobi Global Exchange follow these steps:

Step 1: Go to the official website and On the top right of the page, click "Sign up."

Step 2: Choose "Country," enter your mobile phone number in the "Phone" field, create a password, and then click "register."

Step 3: To complete registration, enter the verification code.

Step 4: To finish the KYC verification procedure and unlock larger withdrawal limits.

How to buy Serum on Huobi Global

Follow the steps below to buy Serum (SRM) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select Serum, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of SRM you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.

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5. KuCoin

KuCoin is a cryptocurrency exchange based in the Seychelles. The service provided by KuCoin cryptocurrency exchange is not limited to buying and selling crypto tokens or exchanging crypto tokens for Altcoins or fiat currencies. Furthermore, KuCoin's cryptocurrency loan service at unique interest rates varies from the rest of the world's crypto exchanges.

The platform is straightforward and simple to use. It is organized into stages for simple registration, following which one may begin trading. The number of cryptocurrencies and fiat currencies supported is extremely astounding. Furthermore, KuCoin provides 10x leverage for margin transactions, making it a popular exchange for passive profits.

KuCoin, being a crypto exchange with a global reach, is a practical choice that is accessible from most countries. Nonetheless, because KuCoin is a non-US-based exchange, US persons over the FBAR threshold must disclose it in FBAR filings.

Getting Started with KuCoin

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward.

You can open an account with KuCoin by following the easy steps outlined below.

Step 1: To begin, go to the platform's main website.

Step 2: Then, to access the registration form, click the "Sign Up" option.

Step 3: Fill your required information. Verify your supplied email address or Phone Number by clicking on the verification link that was delivered to your inbox.

Step 4: You must provide your cellphone number with the country code to complete the two-step verification process.

Step 5: Now the Account has been created.

KuCoin Pros

• There are almost 200 cryptocurrencies supported.
• There are several payment options.
• Allows for the conversion of money to cryptocurrency and vice versa.
• Downloading mobile apps for Android and iOS devices is simple.
• Micro withdrawal wallets are now available.
• Trading commission is rather minimal.

KuCoin Cons

• Expensive costs when purchasing cryptocurrency with fiat currency (3 percent -12 percent).
• Fiat currency cannot be withdrawn.

How to buy Serum on KuCoin

Do you want to know how to buy crypto on KuCoin? This is also really simple. Follow the steps below to buy Serum (SRM) on Kucoin:

1.  Login to your newly created Kucoin Account, go to the Buy Crypto tab from the main menu.

2. After that, you must look for Serum to purchase. To do so, type (SRM) or (Serum) into the search box on the right side of the page.

3. KuCoin will then provide all of the possible trading pairs for the Serum.

4. Enter the amount  of SRM you want to buy in crypto or your local money.

5. Choose a payment method (Credit Card ).

6. To confirm your purchase, click Preview Buy

7. If all of the information is accurate, click Buy to complete your transaction.

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Other Exchanges to buy Serum

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy SRM.

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Buy Serum on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy Serum (SRM) easily.

1. Serum DEX

The Serum Foundation launched its first DEX on August 2020. Founder Sam Bankman-Fried was a math and computer science graduate of MIT and is the former CEO of Alameda Research. He is also the founder of the popular crypto derivatives exchange FTX.

In addition to the underlying markets, Serum DEX offers around 50 swap pairs. Most major cryptocurrencies are available on the platform, including the BTC/USDT and the SOL/USDC. The most popular exchanges on the platform are the BTC/USDC, SOL/USDC, and BTC/USDT. However, not all trading platforms offer all of these currencies.

The DEX uses a traditional swap system and allows users to add any trading pairs they want.

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2. Uniswap (v3)

Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.

The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.

Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.

How to buy Serum on Uniswap (v3)

In this section, we'll go through below steps on how to make your first Serum purchase on Uniswap.

Uniswap allows you to buy Serum (SRM) and any of the thousands of ERC20 tokens offered by the Ethereum network. To do so, you'll need sufficient ETH on hand to cover any transaction costs, as well as anything to exchange for the ERC20 token you desire mostly Ethereum or USDT (ERC-20).

 

Step 1: Navigate to the Uniswap exchange platform. Click the 'Connect to a wallet' option in the upper right corner and log in with the Metamask or Trust wallet.

Step 2: After logging in, the trading dashboard will be shown. Select the token you want to trade for, and the token you want in the top section (in our case Serum), You can also search Serum (SRM) in Coinmarketcap and copy/paste the SRM contract in uniswap.

Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.

Step 4: At the bottom of the order menu, you'll see how much you'll be charged. If you're satisfied with these numbers, click the 'Swap' option. When you're finished, confirm the transaction, and it'll be processed. Once completed, your tokens will be available in your ERC20 wallet.

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Conclusion

Choosing the best cryptocurrency platform for Serum (SRM) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.

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