How to Buy Sumcoin (SUM)

A Step-by-Step-Guide on how to buy Sumcoin (SUM)

Step 1 – Join Coinbase and receive 10$ in Bitcoin

In the beginning you'll need to purchase one of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transfer Your Funds to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Sumcoin (SUM) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate (SUM) Sumcoin

Once your deposit has been approved, you'll directly have access to your finances and you can initiate invest and trading. To purchase (SUM) Sumcoin on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To find Sumcoin (SUM), you'll need to insert the cointype (SUM) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have marked this too. Click on “SUM/BTC” to advance.

How to buy Coin on Binance 1 Sumcoin (SUM)
Step 4 – Purchase (SUM) Sumcoin

As soon as you've spotted (SUM) Sumcoin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we're going to create our Limit Order.

The “Price” field will be filled with the most recent price (SUM) Sumcoin was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of SUM you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of SUM.

If you are satisfied, click on “Buy SUM”. Your plan will be filled as soon as a Vendor trades their SUM for the price you introduced.

Step 5 – Withdraw Sumcoin (SUM)

Unless you are trading, you should never keepyour crypto on an Exchange for an extensive time period. In order to take off your (SUM) Sumcoin, go to the tab called “Funds” and mouse click on “Withdraw”. (SUM) Sumcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (SUM) Sumcoin by using the given drop-down box. Enter the quantity of (SUM) Sumcoin you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address.

If you're glad, click “Submit”. You could be asked for email/phone verification before a withdrawal.

Congrats! You have successfully bought and safed Sumcoin (SUM).

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Sumcoin (SUM) is stored in your wallet, you're all done.