How to Buy Serum (SRM) in 2024

How to Buy Serum

If you’re looking for a simple way to buy Serum, all you need to do is sign up with a crypto exchange. You can access it online with a computer, smartphone, or tablet to quickly buy and sell Serum and a range of other cryptocurrencies. The best platforms are listed below as well as a quick step-by-step guide on purchasing Serum.

1. Choose a platform

To start with, find a broker or exchange where you will be able to buy SRM. Make sure that your chosen platform is safe to use and easy to navigate. This shouldn’t be difficult—you can find a shortlist of suitable platforms in the next section or simply register right now with our top recommendations.

2. Create and fund your account 

To set up your account, you will need to fill in some personal information on the registration form, as well as provide a photo ID if the platform has a KYC process. Then you can find out which payment methods are available in your country on the deposit page. Pick one to fund your account.

3. Buy Serum

Go to the trading pair for SRM and your local currency, if there is one. If not, you will first need to buy a currency that can be traded against SRM, such as BTC or USDT. If you want to buy immediately, create a market order. You can also use a limit order to buy at a specified future price.

Where to Buy Serum?

There is an ever-growing number of crypto platforms available, but look for a reputable and regulated one if you want to keep your funds safe. To make things easier, we’ve already shortlisted the best platforms that offer SRM below.

Things to Consider When Buying Serum

Before you buy SRM, make sure you understand what the project has to offer and why its token could be valuable. Some points worth considering are listed below.

• Multiple Utilities. There are a number of uses of SRM within the Serum ecosystem: it provides fee reductions on Serum, it can be staked to earn rewards, and it will provide on-chain governance over all net revenues the platform generates. These utilities drive demand and demonstrate the value of SRM.

• Positive Token Economics. As well as demand, there are also factors influencing SRM supply. SRM sold in presales will unlock over several years, incentivising long-term support for the project. Holders moved some of their tokens into reserves to reduce the circulating supply and the project regularly buys back tokens and destroys them permanently. This shrinking supply could make SRM more valuable.

• Strong Support. The high speeds and low transaction costs Serum offers have made the project popular with users. Serum’s advisors comprise experts from across the crypto space and the project is backed by the Solana Foundation, Alameda Research, and FTX.