Last update: Jun 6, 2022

How to Buy Serum (SRM)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Serum. Depending on your country, you’ll have a few exchanges to choose from.

In this guide, we not only cover the top 3 global crypto trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Serum

How to Buy Serum – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Serum of course.

2. Sign up with the cryptocurrency exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy Serum

Now that you have what you need to buy Serum, head over to the market or buy section of the cryptocurrency trading platform and buy some SRM.

If the crypto exchange doesn’t have any Serum on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Serum first), and trade your Ethereum for Serum.

Where to Buy Serum (SRM)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Serum

  1. Sign into the exchange where you bought Serum.
  2. Move your Serum to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Serum.

 

Crypto trading

How to Buy Serum (SRM) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Serum in Australia, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Serum if it’s available. If the exchange doesn’t have Serum. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Serum), and trade your ETH for Serum.

Alternatively, if you want to learn more about the exchanges we recommend, look at our comparison of the most secure crypto exchanges in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Serum (SRM) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Serum in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Serum if it’s available. If the exchange doesn’t have Serum. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Serum), and trade your ETH for Serum.

It’s also possible to take a look at our analysis of the cryptocurrency brokers in Canada If you’re curious to know more about which ones we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Serum (SRM) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Serum in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Serum if it’s available. If the exchange doesn’t have Serum. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Serum), and trade your ETH for Serum.

Alternatively, if you want to learn more about the exchanges we prefer, read our list of the cheapest crypto exchanges in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Serum? SRM Rundown

Serum is a decentralized marketplace ( 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.

Serum is built using Solana, and is completely permissible. Solana, a web-scale blockchain, can handle 50,000 transactions per second with 400ms block times. This is possible by using SHA256 hash chains, which are verifiable delays. Serum's design was created to allow DeFi to compete with centralized services.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.