A Step-by-Step-Guide on how to buy SOMIDAX (SMDX)

Step 1 – Join eToro

In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting yBTC (Bitcoin) or ETH (Ethereum).

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

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. SOMIDAX (SMDX) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate SOMIDAX (SMDX)

As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can launch purchasing and trading. To buy SOMIDAX (SMDX) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to spot SOMIDAX (SMDX), you will need to insert the cointype (SMDX) into the search box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “SMDX/BTC” to progress.

Binance How To Buy 1 SOMIDAX (SMDX)
Step 4 – Purchase (SMDX) SOMIDAX

Once you have found SOMIDAX (SMDX), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest tariff SOMIDAX (SMDX) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of SMDX you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of SMDX.

When you're glad, make a mouse click on “Buy SMDX”. Your plan will be filled as soon as a Seller sells their SMDX for the price you introduced.

Step 5 – Withdraw SOMIDAX (SMDX)

Unless you are regularly trading, never keep your coins on an Exchange for an longer period of time. To withdraw your (SMDX) SOMIDAX, hover over the tab called “Funds” and mouse click on “Withdraw”. SOMIDAX (SMDX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find SOMIDAX (SMDX) by using the given drop-down box. Drop in the quantity of (SMDX) SOMIDAX you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, click “Submit”. You could be requested for phone/email verification before a take off.

Congratulations! You have successfully purchased and safed (SMDX) SOMIDAX.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your take off with or and the SOMIDAX (SMDX) is stored within your wallet, you're all done.