How to Buy Bitsum (BSM)

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

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Bitsum (BSM) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).

Step 3 – Locate Bitsum (BSM)

As soon as your deposit has been confirmed, you'll immediately have access to your assets and you can start buying and trading. To purchase (BSM) Bitsum on Binance, you will want to go to the tab which is called “Exchange” and mouse click on “Basic”.

To find (BSM) Bitsum, you will need to insert the short name of the asset (BSM) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've marked this also. Click on “BSM/BTC” to go ahead.

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

After you have spotted Bitsum (BSM), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're creating our Limit Order.

The “Price” field will be filled automatically with the most latest valuation Bitsum (BSM) was sold for. This can be changed to your desired price. The “Amount” field is the quantity of BSM you wish to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete volumen of BSM.

If you are glad, click on “Buy BSM”. Your plan will be filled as soon as a Vendor sells their BSM for the price you submitted.

Step 5 – Withdraw (BSM) Bitsum

Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extended period of time. To withdraw your Bitsum (BSM), go to the tab called “Funds” and click on “Withdraw”. Bitsum (BSM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Bitsum (BSM) by using the given drop-down box. Drop in the quantity of Bitsum (BSM) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you are glad, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You have successfully bought and safed (BSM) Bitsum.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the Bitsum (BSM) is safe within your wallet, you are finished.