How to buy Sumokoin (SUMO) on Binance
There are a lot of trading platforms today on the ’net, but clearly Binance is one of the most popular and innovative.
So, if you wish to get started operating on it, the first thing you should do is to understand how to purchase Sumokoin (SUMO).
The object of this article is to teach you about how to trade with Sumokoin (SUMO) on the Binance Sumokoin (SUMO) exchange.
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Be able to register on Binance
The only way to begin operating on Binance is subscribing to it.
Registering onto the platform is very easy: observe the following guidelines.
Navigate to the Binance homepage and click on the "Register" key.
You have the direct link here.
In the Binance main page you’ll find a button named "Register with a phone or email". Click on it.
The Binance platform is totally compatible with iOS devices as well.
In this article you’ll will see the registration technique using an email address.
- First, choose the country from the drop down list according to your place of residence.
- Following, write your email address and a keycode. Be well aware that you will trade your money, so you ought to give importance to the password you select
- Indicate whether you would want to receive news and information directly from Binance in your inbox. Accept the "Terms of Service" and press "Create Account"
The Binance platform will automatically send an activation password (remember: this is NOT the password you’ve created) that you’ll write it in the corresponding box, then press "Send"
And that’s it! You are now signed up with Binance.
You’ll see it’s easy to access the Binance platform and review all the options it offers.
You’ll immediately notice how simple is to start trading Sumokoin (SUMO).
The identity verification is a mandatory step you must complete to get access to all those options.
Notice: No Sumokoin (SUMO) operation will be allowed if you skip this protection measure.
In the following paragraphs, you’ll learn how to do that. Hassle-free.
Learn to complete the verification of your account and begin trading
These are the instructions to verify your Binance account and get the permission to begin operating:
On the main page, place the mouse pointer on the user profile option and a list will immediately appear where you will have to press "Security"
You can also press "Verify" button at the top of the screen
In the list shown on the left-hand area of the screen, press on the "Identification" option.
Now you must choose your country of residence.
Here you’ll will find three verification levels:
- The current one.
- The Verified.
- The Verified Plus.
At this moment, you should choose "Verified", pressing the "Start now" option below that label.
In this step, you must give some personal information:
- Nationality.
- First and Last Name.
- Second name and birth date.
- Residence address (exact).
- Second name and birth date.
- Second name and birth date.
The next step is to verify your identity with a legal document.
You can do this by using your passport, ID card, or license.
Follow the system instructions to take a selfie.
Now you’ll have to wait for a short period while an account confirmation process takes place.
Now you must wait until your profile has been accepted. Be patient, Binance will send you an email.
Congrats! Now you’re officially authorized to buy Sumokoin (SUMO). The following instructions will be helpful.
Learn to purchase Sumokoin (SUMO) on Binance
So, account verified was all you needed to begin buying Sumokoin (SUMO) right now.
Take a time to know how to invest your money in Sumokoin (SUMO).
The next step is to corroborate your identity with a legal document.
Use your ID card, passport or even your driver’s license to complete this step.
Now, you will have to take a selfie, according to the application’s guidance.
The last step will be carried out by the Binance platform: a corroboration process that will take only a short time.
Now be patient, Binance will send you an email once your profile has been accepted.
The following instructions will guide you through the Sumokoin (SUMO) buying process. As soon as you’ve received the confirmation email, you’re a Binance authorized Sumokoin (SUMO) trader.
Purchasing Sumokoin (SUMO) on Binance
All right, account confirmed was all you needed to begin buying Sumokoin (SUMO) right now.
In this segment you’ll learn how simple is to make a purchase of Sumokoin (SUMO).
Be aware that you have more than one option for this process
The "Buy cryptos" menu on the Binance main page should be your reference when making a purchase.
Certainly, you’ll only be able to do this if you’re logged in
Hovering your mouse pointer over this button will display a list of alternatives to make your purchase.
Next, you’ll need to show a legal document to sustain your identity.
You can do this with your ID card, passport, or license.
Follow the system guidelines to take a selfie.
After completing all those requisites, the Binance platform will do a confirmation process on your account.
All you have to do is be patient, Binance will let you know via e-mail once your request has been accepted.
After that, it’s time to get Sumokoin (SUMO), to do so see the instructions below.
Purchasing Sumokoin (SUMO) on Binance
Beginning your Sumokoin (SUMO) trading experience has never been so simple, right?.
Understanding how to make a purchase of Sumokoin (SUMO) is actually quite easy.
You will probably find different options throughout the process
The "Buy cryptos" menu on the Binance homepage will be your reference at buying time.
Needless to say you must log into your account to be able to do this
Unveil all the different buying options just by placing your mouse over this button.
Learn how to use your credit or debit card to buy cryptos
What you need to do to buy the Sumokoin (SUMO) of your preference using a credit card, should be to pick this method from the "Buy Cryptos" drop-down list.
After that, just follow the following directions:
In the next box, pick the currency you want to buy with and enter how much you want to invest.
In the second field you must pick the Sumokoin (SUMO) you’d like to purchase
The quantity of Sumokoin (SUMO) you’ll be given will depend upon the amount of USD you have previously stated. The Binance platform will immediately show it to you.
The following directions will be helpful to continue the process:
In the next box, pick the currency you wish to use and indicate the amount you are going to invest.
Next, select the Sumokoin (SUMO) you are going to buy
After you do so, the system will automatically show you the quantity of Sumokoin (SUMO) you will be given, taking into account the amount of USD you’ve just defined.
Next click "Continue".
Now it’s time to indicate the method of payment you’ll use. To pay with a credit card, choose in the "Visa/Mastercard" field the option "Add card".
Credit card details must be entered in this step, then press "Next".
Your credit card’s address should be specified next. Be very careful, since you must write it exactly as it is, otherwise the card won’t be admitted. Then select "Add card".
When you see your new card has been successfully added, click on "Continue".
The system will now show you the summary of the buying order you are creating. The amount your card will be charged with the currency you’ve selected, and the Sumokoin (SUMO) you will get.
Certainly, Binance will claim a certain percentage as a commission for making the operation, and it will be shown in that quick view also.
Now you have to acknowledge the order pressing the "Confirm" button during the next minute, or it will be automatically aborted.
The Binance platform will now redirect you to the bank issuing the credit card. Follow the directions in the same way you would normally generate a payment with your credit card.
Your recently purchased Sumokoin (SUMO) will be available in your Binance digital wallet (referred to as the «Spot Wallet») as soon as the banking procedure is complete
Know how to buy Sumokoin (SUMO) with Binance P2P
An optional way to get crypto is to trade it
with another trader. Method of payment is the first setting you should state.
The platform will now display the summary of the order you are creating. The amount you are paying in the currency you have chosen, and the Sumokoin (SUMO) you will receive.
It will also indicate the commission you should pay for the purchase.
At this point you have 1 minute to click on "Confirm", otherwise the order will be automatically shut down.
After this, you will be sent towards the site of the credit card issuing bank. Follow the directions in the same way you would normally make a payment with your credit card.
As soon as the banking process has been finished, you are already in possession of the purchased Sumokoin (SUMO) in your Binance digital wallet (called the «Spot Wallet»)
Purchase Sumokoin (SUMO) with Binance P2P
This is a transaction made «Person To Person», i.e.: trading Sumokoin (SUMO)
with another Binance user. You should define which payment method you would want to work with first.
- Choose "Security" in your profile.
- Click on "Payment" from the menu on the left.
- Click on "Add a Payment Method" and the Binance platform will guide you through the rest of the process.
After the new payment method has been included in your profile, look for the "Buy Crypto" menu in the top bar of the navigator, press on the "Trading P2P" option and follow the guidelines described below:
- Locate the "Buy" button on the top bar of the "P2P Account" tab and press it
- Here you can choose the Sumokoin (SUMO) you would like to buy, among all those available for purchase through P2P operations. We will use «USDT» in this example.Buying one of these Sumokoin (SUMO) via P2P trading allows the trader to exchange it on the Binance platform for any of the foreign currencies available.
- It is time to choose the currency you want to use, for instance, «VES». Simply, see the drop-down list under the "Fiat" column.
- Use the "Amount" box to indicate the sum in VES you’d like to invest to purchase Sumokoin (SUMO).
- Choose the method of payment and wait for the system to display all of the traders that are currently offering Sumokoin (SUMO).
- From the list list shown, you can pick any of the sellers. However, it is recommendable to select one with the «Verified» mark and better if a good percentage of completed sales is displayed.
- Select "Buy USDT"
- Now the amount you would want to invest in VES must be entered
- Again, select "Buy USDT"
- A purchase order has been generated and the trader and you will be able to contact each other for further details, if needed. You have a time limit to complete, if you fail doing so the order will be canceled by the platform (something not good for your rating as a buyer). Once you paid, press "Transferred, Next", then press "Confirm".
Learn how to transfer your Sumokoin (SUMO) to the Spot Wallet
Once you have made a payment to the seller, they may release the Sumokoin (SUMO), just by confirming receipt of the payment.
The place where Sumokoin (SUMO) are added to is your Binance wallet.
However, in order for you to purchase any other Sumokoin (SUMO), you will need to transfer them to your Spot Wallet.
To achieve this, you only need to click on "Transfer to Spot Wallet" immediately after the purchase order is completed.
Should you forget to follow this step right after the purchase, no problem at all: you’ll be able to do it later.
Ways to transfer your Sumokoin (SUMO) to the Spot Wallet
After you have made a payment to the seller, they will be able to release the Sumokoin (SUMO), just by confirming payment reception.
The place where Sumokoin (SUMO) are deposited is your Binance wallet.
NB: you will need to move them to your Spot Wallet in order for you to purchase any other crypto.
To achieve this, all you have to do is press "Transfer to Spot Wallet" once the purchase order has been completed.
If you forget to do this right after the purchase, no problem at all: you’ll always be able to do it later.
- Hover the mouse on "Wallet" and select "Wallet Funds" from the drop-down list.
- See the "Transfer" option on the upper right area of the screen and press it.
- Configure the «From» and «To» options on the pop-up window to:
- From: "Funds"
- To: "Fiat and Spot"
- For this article, we use «USDT» as an example, but you’ll obviously indicate the currency you have
- Set the amount you are transferring to the spot walet and press "Confirm".
That’s it! This way you will have funds in the Spot Wallet so you will be able to purchase any of the huge selection of Sumokoin (SUMO) within the Binance platform.
Buy any cryptocurrency from Binance just following the instructions described below:
- In the upper panel, loate the "Trading" option.
- Press "Convert" from the list.
- Type the amount of «USDT» you wish to spend.
- Now select the crypto you’re about to get.
- Press "Preview conversion".
- Confirm the operation and that’s it. Now you will have the amount of the selected crypto in your Spot Wallet.
With these money already in your Spot Wallet, don’t fear to purchase any cryptocurrency you believe could be worthwhile.
Purchase any cryptocurrency from Binance just following the instructions described next:
- Look for the "Trading" menu in the top upper section.
- Press "Convert" from the list.
- Indicate the amount of «USDT» you would like to spend.
- Now indicate the cryptocurrency you’re interested in.
- Choose "Preview conversion".
- Confirm the transaction and that’s all. You now will have the amount of the chosen crypto in your Spot Wallet.
This article have surely pictured you a detailed vision of what Binance is and how you can trade Sumokoin (SUMO) on it.
So, no time to waste, make a fruitful business within the Binance platform.