Serum is a completely permissionless decentralized exchange built on the Ultrafast Solana blockchain network. It is created and supported by a consortium of crypto industry bigwigs led by the Solana Foundation, the FTX exchange and Alameda Research.
The exchange and its SRM tokens have received a lot of interest from investors in the recent past, in part due to its promising future and stellar past price performance. In its first 12 months of active trading, for example, the prices of SRM tokens rose by more than 800% to establish their current all-time high of $13.72.
You too might be looking to buy Serum tokens but you’re probably not sure how to get started. In this guide, we teach you where to buy the Serum. Let’s look at the best exchanges to buy Serum, how to buy SRM with debit cards, debit cards, PayPal and bank deposits. We also look at everything else you need to know about trading the DEX token.
Are you new to cryptocurrency trading or just new to eToro cryptocurrency exchange and looking to buy Serum? Read on to find below a more detailed breakdown of the step-by-step process on how to buy cryptocurrencies like Serum on eToro.
Where to buy Serum (SRM)?
Serum is a relatively new cryptocurrency project as it launched in late 2020. And in recent months, it has attracted a lot of interest from speculative investors, who have helped it list with some of the most popular crypto trading platforms.
In this section, we look at the three best places to buy Serum tokens right now.
- eToro – The Best Place to Buy Serum in 2022
eToro is at the top of our list of where to buy Serum right now mainly because of its friendliness for beginners and ease of use. These are highlighted by its quick and direct trader account opening process and highly convenient deposit and trade minimums. To start buying Serum on eToro, for example, you only need to deposit a minimum of $10.
The deposit is free, and eToro supports a growing number of extremely popular payment methods. These include credit cards, debit cards, PayPal, eWallets (Skrill and Neteller), bank transfers, ACH (for US residents) and SOFORT (for UK residents). The deposit for all these payment options is almost instantaneous, with the exception of bank transfers that take 3 to 8 business days.
eToro does this here as well because it is one of the most reliable crypto exchanges, as it is regulated by virtually all high-level financial regulatory agencies around the world.
We also present eToro among the best places to buy Serum due to its transparent pricing model. When you buy Serum on the stock exchange, for example, you will only pay a transaction fee equivalent to 1% of trading volumes. There are no hidden costs and you can see the total cost of your trade before hitting the BUY button.
Among the myriad of other factors that should make you consider adding eToro to your list of best trades to buy Serum in 2022 include the fact that it has adequate liquidity. This is then complemented by a resource-rich trading platform with ultra-fast transaction processing speeds, making eToro one of the most attractive trading platforms for active traders, especially day traders and scalpers.
But more importantly, eToro integrates revolutionary copy and social trading tools, attracting both beginners and experienced SRM token traders. Both learn from each other when sharing trading tips and market research tricks.
Beginners therefore benefit from mentoring and the ability to earn as they learn when copying the trading strategies of highly successful popular investors. Experienced traders, on the other hand, earn passively by sharing the profits made from their copied trades.
- Cryto.com – The Best Place to Buy Serum for High Deposits and Withdrawal Limits
Crypto.com is a relatively new crypto exchange as it launched in late 2019. But it is also one of the fastest growing crypto trading platforms. For example, it has integrated millions of crypto investors from around the world and has consistently ranked among the top 10 most liquid crypto exchanges in the world. But these aren’t the only reasons we’ve added Crypt.com to our list of where to buy Serum in 2022.
We presented it here because of its high deposit and withdrawal limits. On this exchange, you can deposit up to $50,000 instantly with credit cards and debit cards, and up to $10 million through the bank.
the innovativeness of Crypto.com has earned it a position among the best exchanges to buy in 2022. For example, cross-platform exchange is quite fast at processing crypto transactions, averaging 0.3 milliseconds. It also supports a wide range of cryptocurrencies and a growing number of cryptocurrency trading pairs. And all these make it the best place to buy Serum tokens for active traders like scalpers.
But Crypto.com is more than just a crypto exchange. Its developers recently launched the Cronos blockchain with its native CRO tokens. They also integrated two DeFi programs into the exchange, namely the Crypto.com Staking and Crypto.com lending protocols.
Staking allows you to save your SRM tokens for a predetermined period of time and earn interest of up to 14.56% per annum. The loan, on the other hand, allows you to borrow up to 50% of your staked SRM tokens and repay them in flexible monthly installments.
Like all other popular crypto exchanges, Crypto.com will also provide you with a free digital wallet. Adding to the reasons why you should add it to your growing list of reasons why Crypto.com deserves a place on your watchlist for the best exchanges to buy Serum in 2022.
- Binance – The Best Place to Buy Serum for Its Ultra-Low Transaction Fees
Binance is the largest and probably the most popular cryptocurrency exchange in the world. It is also the most accessible crypto trading platform as it is available in all crypto-friendly countries and territories. And it is also the most liquid crypto trading platform, processing crypto exchanges worth over $70 billion a day. But we list it in our guide on where to buy Serum tokens because of its ultra-low crypto transaction costs.
When you buy Serum at Binance, you will only pay a fixed commission between 0.1% and 0.04% of the trading amounts. And if you choose to pay this transaction fee with Binance Coins (BNB), you qualify for a 25% discount on fees, bringing the trading cost between 0.75% and 0.03%.
These are far from being the only reason why we consider Binance the best place to buy Serum tokens in 2021. Others include the fact that it maintains a pretty simple account opening process. In addition, it also runs an easy-to-use and resource-rich trading platform. This platform, especially its currency conversion tool that allows anyone to instantly buy any cryptocurrency and the recently launched peer-to-peer trading platform, makes Binance attractive to novice traders.
Experienced traders such as scalpers and active traders are attracted to Binance due to its ultra-fast transaction processing speeds, support for a wide range of cryptocurrencies and cryptocurrency pairs, and the integration of a wide selection of trading tools, market research and risk management.
You too may want to consider adding Binance to your list of the best exchanges to buy Serum in 2022 because of its commitment to the security and protection of customer data and resources. For starters, Binance does not share sensitive customer information with third parties. Secondly, when you open a trader account on this platform, Binance provides you with a free custodial wallet that stores 95% of your private keys in an offline vault.
Binance also provides users who want absolute custody and control over their keys with an equally secure mobile wallet app: the Trust Wallet. Not to mention that the CZ-led platform has set aside the largest private crypto-insurance fund, over $1 billion, to reimburse its platform users in the event of a security breach leading to the loss of their crypto assets.
What Is Serum (SRM)?
Serum is a decentralized exchange protocol built on the Solana blockchain. Its development was sponsored by the Solana Foundation, FTX Exchange and Alameda Research. Try to bring all the benefits of a centralized exchange: fully central limit order portfolios, fast transaction processing, matching engine, and ultra-low transaction costs to decentralized exchanges. These have ensured that Serum records transaction speeds of less than a second and keeps trading fees on the DEX around $0.00001.
The Serum project aims to solve the high gas costs, slow transaction processing speeds, segmented liquidity and low capital efficiency challenges affecting Ethereum-based DEXs. And it achieves most of these by leveraging the efficiency, innovativeness and dynamism of the Solana blockchain network – one of Ethereum’s most formidable killers.
The serum token (SRM) is the utility and governance token of the Serum project. It is used to participate in the Del Serum ecosystem, pay commissions on the DEX, receive discounts and rewards, and also give its holders voting rights.
Is the Serum (SRM) a good investment?
Serum is still a work in progress that has attracted huge interest from investors and the crypto community at large. Fundamental and technical indicators also indicate that SRM tokens will continue to rise and record stellar price performance in the near future.
Like any other cryptocurrency, however, we must recognize that Serum is a risky investment. And to better answer the question of whether SRM is a good investment, let’s examine both the reasons and risks of buying Serum today.
Reasons to Buy Serum (SRM)
- Huge potential for future value gains: Two key factors – privacy issues and unreliable centralized exchanges – are pushing cryptocurrency investors and traders towards DEXs. And with the inefficiency of Ethereum, the influx of these traders into the Serum ecosystem should further popularize the DEX and catapult SRM token prices to unprecedented levels.
- Past Price Star Action: Serum has performed exemplary well in the past, recording a positive net ROI, growing its community of supporters, and fattening its liquidity pools. All of these should have a positive impact on future SRM token prices.
- Solid Development Team: Serum’s development team has the support of some of the most renowned players in the crypto industry, led by the Solana Foundation, Sam Bankman’s FTX exchange, and venture capitalists Alameda research.
- Promising roadmap: Serum is still a work in progress with a rich roadmap. Moving forward, the developers of the Serum project are expected to launch a number of innovative programs, which will do a lot to attract users to the platform and catapult SRM token prices.
- Appeal from investors and the crypto community: Serum’s development team, its rich roadmap and past successes have made DEX dear to its investors. It has also attracted a large and vibrant community of supporters whose interactions with SRM should help grow its price action.
Risks of Buying Serum (SRM)
- It is a speculative investment: like most cryptocurrencies, Serum is a speculative investment with no intrinsic value. Its price action is massively volatile and operates in one of the most unpredictable markets. Therefore, you should only buy SRM if you can withstand such volatility.
- Large token supply: Serum has an explosive maximum token supply of 10 billion SRM tokens. At the time of writing, 90% of these have yet to be released, which raises legitimate concerns of a possible price dilution once the rest of the tokens are introduced to the market.
Serum (SRM) Price
Serum tokens were first introduced to the public via an ICO in early August 2020 at a price per token of $0.11. CoinMarketCap data therefore indicates that they started selling in the markets opened a few days later, at a launch price of $1.7 – over 1500% above their ICO price. This price soon rose to $2 before rising further to reach its first peak of $3.6 in the first week of September 2020.
Between October and December, however, serum token prices stumbled and fell below this launch price and eventually lost parity with the dollar to trade around $0.8. But with the markets rallying in 2021, Serum token prices have also risen. They first rose to $11 in May, fell below $3 after the market crash, but eventually rebounded and set the current SRM token’s all-time high of $13.72 in mid-November.
Less than a year later, a shrinking market and an alleged crypto winter saw SRM tokens lose more than 90% of this all-time high.
Serum (SRM) Price Forecast
Despite the catastrophic loss of value, developments in the Serum network have not stopped. The Serum network has not stopped welcoming supporters and its developers are still on track to meet its rich roadmap.
But what does the future hold for the Serum token? How much will it be worth in the new months or a few years?
Well, most SRM analysts and investors are confident that the price of DEX-centered tokens will support their current uptrend.
For example, GovCapital’s technical analysts are confident that sRM will rebound and rise more than 1000% to exceed $9 in the next 12 months.
Over the next 5 years, this technical analysis platform expects Serum to rise further, surpassing its current all-time high and reaching $50. These sentiments are echoed by analysts at a TechNewsLeader who expect sRM to rise above $40 before the end of the decade.
Ways to Buy Serum (SRM)
Different crypto trading platforms have introduced different ways of buying Serum while trying to attract different crypto investors from different backgrounds.
In this section, we look at the three most common ways to buy Serum on the best trades we have highlighted above.
- Buy Serum with credit card or debit card
Most of today’s crypto exchanges, including the three we discussed above, will allow you to purchase Serum tokens with credit cards and debit cards. These payment options are very popular in online trading because they process payments almost instantly and have relatively high cash transfer limits.
- Buy Serum with PayPal
You can also buy Serum with PayPal. Note, however, that PayPal will not process SRM token purchases on their website or mobile app. Therefore, to buy SRM tokens with PayPal, you need to register an account with a crypto exchange like eToro that supports deposits PayPal. Like credit cards and debit cards, buying Serum with PayPal is preferred because transaction processing is instantaneous.
- Buy Serum with Bank Account
You can also buy Serum with your bank – the most accessible payment option in the world. Two of the biggest advantages of buying SRM tokens with bank transfers are the fact that virtually all crypto trading platforms support bank deposits. Secondly, most trading platforms have relatively high limits for bank deposits.
The only downside to buying Serum with bank deposits is that its payment processing is quite slow. On eToro, for example, it takes between 3 and 8 business days before a bank deposit is reflected in your account.
Best Serum (SRM) Wallet
There is a growing number of Wallets that will support Serum tokens. In fact, the three main exchanges to buy Serum that we discussed above will provide users of the platform with free custodial and non-custodial digital wallets.
However, we do not advise our readers to leave private keys for their Serum tokens in an online exchange or wallet. Rather, we encourage you to invest in reliable, ultra-secure hardware wallets that store these keys offline, away from hackers and malware.
How to Buy Serum (SRM) for Beginners – Step by Step Guide
Are you new to cryptocurrency trading and want to start investing in Serum tokens or are you simply new to using the eToro trading platform?
Here is a complete step-by-step guide to buying Serum on the popular crypto exchange.
Step 1: Register a crypto trader account with eToro
Start by opening the official eToro website and clicking the “Join Now” button to begin the registration process. Complete the user registration form that opens by typing in your basic personal information such as name, email address, country of residence, phone number and level of trading experience.
Step 2: Verify your identity
Verify your identity by uploading a copy of your government-issued ID. This could be your passport, ID, or even a driver’s license.
Step 3: Deposit funds
Log in to your now approved eToro trading account and on the user dashboard, hit the “Deposit” button. A funding tab will appear indicating all available payment options based on your country of residence.
Choose one and follow the instructions to complete the deposit, keeping in mind that the minimum deposit for US and UK residents is $10.
Step 4: Search for the Serum
While in the user’s dashboard, tap on the “Discover” button to reveal all the supported asset classes on the platform. Choose to trade “Crypto” and use the search button to search for Serum tokens. Alternatively, find the token from the long list of cryptocurrencies supported by the exchange.
Step 5: Buy the Serum
Once you find the crypto asset, tap on the “BUY” option and a trading menu will appear. Use it to customize the trade by indicating the amount of Serum tokens to buy or the money you want to buy in the purchase of SRM tokens. To start the purchase, press the “Open Trade” button.
How to Sell Serum (SRM)
It’s simple. Start by logging into eToro or the crypto exchange where you purchased these Serum tokens. Navigate to the user dashboard and open a sales order.
If you want to sell SRM tokens immediately and at prevailing rates, open a market order. Alternatively, open a limit order if you want to set a custom price for your SRM tokens.
Conclusion – Where to Buy Serum (SRM)
That’s all. There is everything you need to know about where to buy Serum tokens.
In this post, we’ve introduced what most of the crypto community considers the three best places to buy Serum. We discussed each and told you why you too should consider registering a trader account with them and buying Serum on their trading platforms.
We also discussed the Serum token in detail. We looked at what it is and how it came about, analyzed its past price action, looked at its price forecast, and even outlined some of the reasons why you should consider investing in the DEX-centric token.
Frequently Asked Questions about Where to Buy Serum (SRM)
Where to buy The Serum?
The growing popularity of Serum and the growing interest of investors in the coin have helped the list of tokens with an increasing number of crypto exchanges. We recommend that you buy Serum on eToro, Binance or Crypto.com.
Is the Serum a good investment?
Yes, Serum is a good investment because it is currently selling at a discounted price (90% below its all-time high) and both technical and fundamental analysis indicate that its token prices will continue to rise in the near future.
Can I buy Serum on eToro?
Yes, you can buy Serum on eToro today. And you just need to create a trader account and deposit a minimum of $10 to start trading.
How much will Serum crypto be worth in 2022?
Most cryptocurrency analysts and investors are confident that Serum will rebound and resume its 2021 rally. They expressed a lot of optimism about Serum’s ability to rebound and end the year above $2.00.
