How to Buy Sumokoin (SUMO) in Australia

A Step-by-Step-Guide on how to buy Sumokoin (SUMO) in Australia

Step 1 – Signup to Coinmama

You'll first need to purchase units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and receive your Bitcoin or Ethereum.

Binance Signup
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Sumokoin (SUMO) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate {Sumokoin (SUMO)|(SUMO) Sumokoin}

Once your deposit has been approved, you will instantly have access to your assets and you can initiate purchasing and trading. To invest in {Sumokoin (SUMO)|(SUMO) Sumokoin} on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

In order to discover {Sumokoin (SUMO)|(SUMO) Sumokoin}, you will need to put the cointype (SUMO) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we've highlighted this too. Click on “SUMO/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Sumokoin (SUMO)
Step 4 – Buy {Sumokoin (SUMO)|(SUMO) Sumokoin}

Once you've located {Sumokoin (SUMO)|(SUMO) Sumokoin}, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're creating our own Limit Order.

The ”Price” field will be filled automatically with the latest valuation {Sumokoin (SUMO)|(SUMO) Sumokoin} was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of SUMO you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of SUMO.

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

Step 5 – Withdraw {Sumokoin (SUMO)|(SUMO) Sumokoin}

Unless you're trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your {Sumokoin (SUMO)|(SUMO) Sumokoin}, go to the ”Funds” tab and mouse click on “Withdraw”. {Sumokoin (SUMO)|(SUMO) Sumokoin} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Sumokoin (SUMO)|(SUMO) Sumokoin} by using the provided drop-down box. Put into the quantity of {Sumokoin (SUMO)|(SUMO) Sumokoin} you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.

Congrats! You have successfully purchased and safed Sumokoin (SUMO) in Australia.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the {Sumokoin (SUMO)|(SUMO) Sumokoin} is safe inside your wallet, you are done.

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