Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Serum, and is trustworthy!
You can find our top 3 exchanges for buying Serum here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Serum
And of course, the final step is to find Serum on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Serum (SRM)
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How to Sell Serum
- Sign into the exchange
- Find where you stored your Serum, either on a hardware wallet or on the exchange.
- Transfer your Serum to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Serum.
Considerations when looking to buy Serum.
Serum is a decentralized ecosystem (DEX) that provides unprecedented speed and low transaction fees to decentralized finance (DeFi). (DeFi).
Serum is the only DEX that has a central limit order book and matching engines built around an on-chain central limit. Serum's orderbook can be used by Ecosystem partners to create liquidity and power trading features for retail and institutional users.
DeFi's popularity and growth in DEXes on Ethereum means that developers and users are both limited by high gas prices and slow transactions. Serum is designed to address the traditional DeFi problems, as well as those of low capital efficiency and liquidity segmentation.
SRM Utility and Governance Tokens allow users to get discounts on protocol fees, voting rights, and 100% of exchange fees are returned to SRM via buy and burn, staking rewards and ecosystem grants.
Serum DEX's central order book and matching engine on-chain provides liquidity and price-time priority matching for traders and those composing projects. This exchange model allows users to select the direction, price, and size of their trades. Serum's current architecture, bootstrapped liquidity and matching service are all benefits for project composition.