SRM is the native token of the Serum network, a DeFi protocol built on the Solana blockchain designed to improve speeds and transaction costs in the DeFi ecosystem. After opening 2022 at $3.66, the SRM token price corrected to $0.77 before bouncing. The current low Serum price might be a buying opportunity.
This guide reviews the best platforms to buy Serum with low fees. We also review the Serum project’s background, chart the SRM price action, and predict what lies ahead for Serum based on the wider crypto market and the Serum roadmap. How to Buy Serum – Quick Guide
Serum has been listed on eToro, an FCA-regulated platform providing facilities to both seasoned and new traders. Here is a quick guide to start investing in eToro.
> ✅ Step 1: Open an Account: Visit the official eToro platform and create a free crypto account. The process will take a few minutes. Upload KYC documents when prompted.
� Step 2: Deposit: Top up your eToro account using the several available fiat methods. Crypto transfer to eToro is also possible.
� Step 3: Search for Serum: Type Serum in the search box, or SRM. Click on the first option, and you’ll land on the Serum trading page. Review the latest Serum news, price chart and click on “Trade” when ready to buy SRM coins.
� Step 4: Buy Serum: Choose an amount to invest in Serum and click the “Open Trade” button to finalize the order.
Where to Buy SRM Crypto – Best Platforms Reviewed
Serum was first listed by Binance in 2020, followed by Crypto.com in 2021. eToro is the latest crypto platform to list Serum in 2022. There was news circulating in early 2022 that Coinbase would also add support for SRM, but it hasn’t yet. 1. eToro: Overall Best Platform to Buy SRM
eToro listed SRM on June 17, 2022, along with a Gaming token ALICE and Web3 Token Amp. eToro supports 70+ cryptocurrencies, including DeFi tokens , metaverse and gaming cryptos, and more.
The crypto trading platform added support for crypto assets in 2013 with the listing of Bitcoin. Before that, eToro has been active in forex and stock trading . Launched in 2007 in Israel, eToro gained popularity as a social trading platform – providing social media-like features so traders can communicate and talk about market trends. From this feature came Copy Trading.
Copy Trading is an automated trading tool that allows newcomers and veteran investors to copy the investment strategies of pro-traders who have been successfully investing via eToro for the last 12 months. Such traders are part of the Popular Investor Program and gain rewards when their investment portfolios are copied by other investors.
Smart Portfolio is another feature that eToro offers that you can use to diversify your investments. It is a collection of best-performing assets that eToro has vetted. There are over nine crypto portfolios, including a DeFi Portfolio and Crypto Portfolio.
eToro’s trading fee is 1% for buying or selling SRM or other crypto assets. eToro adds this fee to the market price (bid-ask spread).
Other features include eToro academy, which contains a collection of tutorials for those wanting to learn about cryptocurrencies. For experienced traders looking for a summary of the latest market trends, eToro Plus is another utility.
eToro has more than 27 million users. Their funds are kept in cold storage and secured with two-factor authentication, SSL encryption for customer data protection, and tier-1 banks are used to store customers’ USD deposits. Since November 1, 2020, eToro has offered free insurance policy to its clients. Additionally, eToro comes under CySEC, FCA, and ASIC regulations.
eToro is a great learning platform for beginners. That is, if you want to try your hand at investment on eToro, you can open a $100k demo account to start paper trading – trading in a virtual environment for practice.
Cryptoassets are a highly volatile unregulated investment product. Your capital is at risk. 2. Crypto.com: Trade SRM on Margin
Crypto.com listed SRM on October 22, 2021, and opened spot trading SRM-USDT, SRM-USDC, and SRMUSD-PERP perpetual futures contracts.It is one of the most media-savvy crypto exchanges on the list, having listed Matt Damon as the brand ambassador and has spent millions on marketing. It has listed over 250 crypto assets and allows advanced traders to margin trade crypto with leverage up to 10x. However, the SRM-USDT pair isn’t part of the supported leveraged pairs. Whether or not it will be added in the future remains to be […]
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