How to Buy SONM (SNM) in Anguilla

A Step-by-Step-Guide on how to buy SONM (SNM) in Anguilla

Step 1 – Signup to Coinmama

You will first need to buy one of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and to get your BTC (Bitcoin) or ETH (Ethereum).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. SONM (SNM) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate SONM (SNM)

As soon as your deposit has been approved, you'll instantly have access to your funds and you can initiate buying and trading. To buy SONM (SNM) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot SONM (SNM), you will need to put the shortname of the coin (SNM) into the search-box, which is marked in the picture. Make sure you have selected the proper pairing, we have highlighted this also. Click on “SNM/BTC” to progress.

{How to buy Coin on Binance 1|Binance How To Buy 1} SONM (SNM)
Step 4 – Purchasing SONM (SNM)

Once you've located SONM (SNM), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are making our own Limit Order.

The ”Price” field will be filled automatically with the most recent price SONM (SNM) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of SNM you wish to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the whole amount of SNM.

When you're satisfied, click on “Buy SNM”. Your order will be filled as soon as a Vendor trades their SNM for the price you introduced.

Step 5 – Withdraw SONM (SNM)

Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an extended period of time. To withdraw your SONM (SNM), go to the ”Funds” tab and click on “Withdraw”. SONM (SNM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find SONM (SNM) by using the given drop-down box. Drop in the volumen of SONM (SNM) you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address.

If you are happy, click “Submit”. You may be requested for phone/email verification ahead of a take off.

Congratulations! You have successfully purchased and stored SONM (SNM) in Anguilla.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your take off using Etherscan.io or Ethplorer.io and the SONM (SNM) is safe in your wallet, you're finished.

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