How to Buy Bitsum (BSM)

A Step-by-Step-Guide on how to buy Bitsum (BSM)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You will first need to buy one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and receive Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an 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. Bitsum (BSM) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

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

Step 3 – Find (BSM) Bitsum

Once your deposit has been affirmed, you will instantly have access to your finances and you can initiate buying and trading. To invest in (BSM) Bitsum on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to locate (BSM) Bitsum, you'll need to put the shortname of the coin (BSM) into the search-box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this also. Click on “BSM/BTC” to continue.

How to buy Coin on Binance 1 Bitsum (BSM)
Step 4 – Buying (BSM) Bitsum

Once you've discovered (BSM) Bitsum, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate Bitsum (BSM) was sold for. You can change this to your preferred price. The “Amount” field is the quantity of BSM you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete volumen of BSM.

If you're glad, make a mouse click on “Buy BSM”. Your plan will be filled when a Seller sells their BSM for the price you submitted.

Step 5 – Withdraw (BSM) Bitsum

Unless you're trading, you should never keepyour crypto coins on an Exchange for an extensive time period. To take off your (BSM) Bitsum, hover over the “Funds” tab and click on “Withdraw”. Bitsum (BSM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitsum (BSM) by using the given drop-down box. Put into the volumen of (BSM) Bitsum you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, click “Submit”. You may be asked for verfication via email/phone before a take off.

Congratulations! You've successfully purchased and stored (BSM) Bitsum.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the Bitsum (BSM) is stored within your wallet, you are finished.