Where To Buy Serum (SRM)

Last Updated June 22nd 2022
17 Min Read

Serum is a completely permissionless decentralized exchange built on the ultra-fast Solana blockchain network. It is created and backed by a consortium of crypto industry bigwigs led by the Solana Foundation, FTX exchange, and Alameda Research.

The exchange and its SRM tokens have been receiving a lot of investor interest in the recent past partly due to its promising future and stellar past price performance. Within its first 12 months of active trading, for instance, SRM token prices rallied by more than 800% to set their current all-time high of $13.72.

You, too, might be looking to buy Serum tokens but probably aren’t sure how to get started. In this guide, we teach you where to buy Serum. We look at the top exchanges to buy Serum, how to buy SRM with debit cards, debit cards, PayPal, and bank deposits. We also go over everything else you need to know about trading the DEX token.

Read on.

How To Buy Serum (SRM) – Quick Guide

Looking to jump straight to buying Serum? Use this quick 3-step guide that teaches you how to buy Serum at eToro in less than 5 minutes. And you only need $10 to get started.

  • Step 1: Open an eToro Account – The crypto trader account registration process on eToro is quick and straightforward. Start by completing the user registration form provided on the website then verify your identity.
  • Step 2: Fund Your Account – Once the account is approved, log in, and use the “Deposit” tab to fund the account. Here, you will be provided with a range of payment methods based on your country of residence. Choose one and follow the prompts to transfer cash into the platform. The minimum deposit limit for the UK and US residents is $10. 
  • Step 3: Buy Serum (SRM) – Look up SRM tokens from the list of supported cryptocurrencies on eToro and hit the “Buy” option. Then use the trading menu that pops up to customize the trade before hitting the “Open trade” button to complete the purchase. 

That’s it! By following these easy steps, you can buy Serum in less than 5 minutes.

 

buy serum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Are you new to crypto trading or simply new to the eToro crypto exchange and looking to buy Serum? Read on to find below a more detailed breakdown of the step-by-step process of 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 over the last few months, it has attracted a lot of interest from speculative investors, which has 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.

1. eToro - Overall Best Place To Buy Serum in 2022

buy Serum on etoro

eToro tops our list of where to buy Serum right now primarily because of its beginner friendliness and ease of use. These are evidenced by its quick and straightforward trader account opening process and highly affordable deposit and trade minimums. To start buying Serum on eToro, for instance, you only need to deposit a minimum of $10.

The deposit is free and eToro supports a growing number of hugely 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 near-instantaneous, except for bank transfers which take between 3 and 8 business days. 

eToro also makes it here because it is one of the most reputable crypto exchanges, seeing that it is regulated by virtually all the top-tier finance regulatory agencies across the world.

We also feature eToro among the best places to buy Serum because of its transparent pricing model. When buying Serum on the exchange, for instance, you will only pay a transaction fee equivalent to 1% of the trading volumes. There are no hidden charges and you get to see the total cost of your trade before hitting the BUY button.

Among the host of other factors that should make you consider adding eToro to your list of top exchanges 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, which make eToro one of the most attractive trading platforms for active traders, especially day traders and scalpers.

But even more importantly, eToro integrates the revolutionary copy and social trading tools - attracting both beginner and experts SRM token traders. They both get to learn from one another when they share trading tips and market research tricks.

Beginners then benefit from mentorship and the ability to earn as they learn when they copy the trade strategies of highly successful popular investors. Expert traders, on the other hand, earn passively by sharing in the profits made from their copied trades.

buy serum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Cryto.com - Best Place to Buy Serum for High Deposits and withdrawal limits

buy Serum on crypto.com

Crypto.com is a relatively new crypto exchange seeing that it launched in late 2019. But is also one of the fastest-growing crypto trading platforms. It, for instance, onboarded millions of crypto investors from all over the world and has consistently ranked among the top 10 most liquid crypto exchanges in the world. But these aren’t the only reasons why we added Crypt.com to our list of where to buy Serum in 2022.

We featured 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 as much as $10 Million through the bank.

Crypto.com’s innovativeness has earned it a position among the top exchanges to buy in 2022. For example, the multi-platform exchange is rather fast in processing crypto transactions - averaging 0.3 milliseconds. It also supports a wide range of cryptocurrencies and a growing number of crypto trading pairs. And all these make it the best place to buy Serum tokens for such active traders as scalpers.

But Crypto.com is more than just a crypto exchange. Its developers recently launched the Cronos blockchain with its native CRO tokens. They have also integrated two DeFi programs to the exchange i.e. the Crypto.com Staking and Crypto.com lending protocols.

Staking lets you save your SRM tokens for a pre-determined period of time and earn interest of up to 14.56% p.a. Lending, on the other hand, lets you borrow up to 50% of your staked SRM tokens and pay them back in flexible monthly installments.

Like all other popular crypto exchanges, Crypto.com will also provide you with a free digital wallet. Adding on to the reasons why you should add it to your growing list of reasons why Crypto.com deserves a spot in your watchlist for top exchanges to buy Serum in 2022.

buy serum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Binance - Best Place to Buy Serum for its Ultra-Low Transaction Fees

buy Serum on binance

Binance is the largest and arguably the most popular crypto exchange in the world. It is also the most accessible crypto trading platform seeing that it is available in all crypto-friendly countries and territories. And is also the most liquid crypto trading platform, processing crypto trades worth more than $70 Billion per day. But we list it on our where to buy Serum tokens guide because of its ultra-low crypto transaction costs.

When buying Serum on Binance, you will only pay a fixed maker-taker fee of between 0.1% and 0.04% of the trading amounts. And if you choose to pay for this transaction fee with Binance Coins (BNBs), you qualify for a 25% discount on the fees - bringing the trading cost down to 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 rather straightforward account opening process. Plus, it also operates an easy-to-use and resource-rich trading platform. This platform, especially its currency conversion tool that allows anyone to buy any crypto instantly and the recently launched peer-to-peer trading platform, makes Binance appealing to novice traders.

Expert traders like scalpers and active traders are drawn to Binance because of its ultra-fast transaction processing speeds, support for a wide array of cryptos and crypto pairs, and the integration of a wide selection of trading, market research, and risk management tools.

You too may consider adding Binance to your list of top exchanges to buy Serum in 2022 because of its commitment to the safety and security of client data and assets. For starters, Binance doesn’t share sensitive client 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 wish to have absolute custody and control over their keys with an equally secure mobile wallet app - the Trust Wallet. Not forgetting that the CZ-led platform has set aside the largest private crypto-insurance fund, in excess of $1 Billion, towards reimbursing its platform users in case of a security breach that leads to the loss of their crypto assets.

buy serum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What Is Serum (SRM)?

Serum is a decentralized exchange protocol built on the Solana blockchain. Its development was sponsored by the Solana foundation, the FTX exchange, and Alameda research. It seeks to bring all the benefits of a centralized exchange - fully central limit order books, fast transaction processing, matching engine, and ultra-low transaction costs to the decentralized exchanges. These have ensured that Serum records sub-second transaction speeds and maintains trading fees on the DEX around $0.00001.

The Serum project is aimed at solving the high gas costs, slow transaction processing speeds, segmented liquidity, and low capital efficiency challenges affecting Ethereum-based DEXs. And it achieves much of these by leveraging the efficiency, innovativeness, and dynamicity of the Solana blockchain network - one of the most formidable Ethereum killers.

The Serum token (SRM) is the utility and governance token of the Serum project. It is used to stake in the Serum ecosystem, pay fees on the DEX, receive discounts and rewards, and also give its holders voting rights.          

Is Serum (SRM) A Good Investment? 

Serum is still a work in progress that has attracted massive interest from investors and the crypto community at large. Fundamental and technical indicators also indicate that SRM tokens will continue uptrending and posting stellar price performance into the foreseeable future.

Like any other cryptocurrency, however, we must acknowledge that Serum is a risky investment. And to better answer the question of whether SRM is a good investment, we look at both the reasons and risks of buying Serum today.

Reasons to Buy Serum (SRM)

  • Massive potential for future value gains: Two key factors - privacy concerns and unreliable centralized exchanges - are pushing crypto investors and traders towards DEXs. And with Ethereum’s inefficiency, the inflow of these traders into the Serum ecosystem is expected to further popularize the DEX and catapult SRM token prices to unprecedented heights.
  • Stellar past price action: Serum has performed exemplarily well in the past, posting a net-positive ROI, growing its community of supporters, and fattening its liquidity pools. All these are expected to have a positive impact on future SRM token prices.
  • Solid development team: The Serum development team has the backing of some of the most reputed crypto industry players, led by 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 Serum project developers are expected to launch a host of innovative programs, which will go a long way in drawing users to the platform and catapulting SRM token prices.
  • Investor and crypto community appeal: Serum’s development team, its rich roadmap, and past successes have all endeared the DEX to its investors. It has also attracted a large and highly vibrant community of supporters whose interactions with SRM are expected to help grow its price action.

Risks of Buying Serum (SRM)

  • It is a speculative investment: Like the majority of cryptocurrencies, Serum is a speculative investment with no intrinsic value. Its price action is massively volatile and it operates in one of the most unpredictable markets. You, therefore, should only buy SRM if you can stomach such volatilities.
  • Large token supply: Serum has an explosive maximum token supply of 10 billion SRM tokens. At the time of writing, 90% of these are yet to be released which raises legit 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 per-token price of $0.11. Data from CoinMarketCap then indicates that they started selling in the open markets a few days later, at an introductory price of $1.7 - more than 1500% above their ICO price. This price soon shot to $2 before rallying further to hit 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 introductory price and eventually lost parity with the dollar to trade around $0.8. But as the markets rallied in 2021, so did Serum token prices. They first rallied to $11 in May, dropped 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 contracting market and a presumed crypto winter have seen SRM tokens lose more than 90% of this all-time high.

Serum (SRM) Price Prediction

Despite the catastrophic value loss, developments in the Serum network have not stopped. The Serum network hasn’t stopped welcoming supporters and its developers are still on course to fulfilling its rich roadmap.

But what does the future hold for the Serum token? What will it be worth in the new few months to a few years?

Well, the majority of analysts and SRM investors are confident the price of the DEX-centred tokens will sustain their current uptrend.

For instance, technical analysts at GovCapital are confident that SRM will rebound and rally by more than 1000% to break above $9 in the next 12 months.

In the next 5 years, this technical analysis platform expects Serum to rally further, tearing above its current all-time high, and reaching $50. These sentiments are echoed by analysts at a TechNewsLeader who expect SRM to rally above $40 before the turn of the decade.

Don't Miss: Serum Price Prediction For 2025 And 2030

buy serum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ways Of Buying Serum (SRM)

Different crypto trading platforms have introduced different ways of buying Serum as they seek to appeal to different crypto investors from diverse backgrounds.

In this section, we look at the three most common ways of buying Serum on the top exchanges we have highlighted above.

  • Buy Serum with credit card or debit card

The majority of crypto exchanges today, including the three we have discussed above, will let you buy Serum tokens with credit cards and debit cards. These payment options are massively popular in online trading because they process payments almost instantaneously 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 its website or mobile app. Therefore, to buy SRM tokens with PayPal, you will need to register an account with a crypto exchange like eToro that supports PayPal deposits. Like credit cards and debit cards, buying Serum with PayPal is preferred because transaction processing is instantaneous.

  • Buy Serum with bank account

You may also buy Serum with bank - the most accessible payment option in the world. Two of the greatest benefits 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 rather slow. At eToro, for instance, it takes between 3 and 8 business days before a bank deposit reflects in your account.

Best Serum (SRM) Wallet

There is a growing number of wallets that will support Serum tokens. In fact, the three top exchanges to buy Serum that we have discussed above will provide their platform users with free custodial and non-custodial digital wallets.

However, we do not advice our readers to leave the private keys for their Serum tokens in an exchange or online wallet. Rather, we encourage you to invest in reliable and 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 crypto trading and want to start investing in Serum tokens or are simply new to using the eToro trading platform?

Here is a comprehensive step-by-step guide to buying Serum on the all-popular crypto exchange.

Step 1: Register a crypto trader account with eToro

Start by opening the official eToro website and clicking on the “Join Now” button to begin the registration process. Complete the user registration form that pops up by keying in your basic personal information like name, email address, country of residence, phone number, and level of trading experience.

open trading account

buy serum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Step 2: Verify identity

Verify your identity by uploading a copy of your government-issued identity document. This could be your passport, I.D., or even a driver’s license.

Step 3: Deposit funds

Log in to your now approved eToro trading account and on the user dashboard, press the “Deposit” button. A funding tab will pop u indicating all the payment options available to you based on your country of residence.

Choose one and follow the prompts to complete the deposit, keeping in mind that the minimum deposit for the US and UK residents is $10.

fund account

Step 4: Search for Serum

While on the user dashboard, tap on the ‘Discover’ button to reveal all the asset classes supported on the platform. Choose to trade “Crypto” and use the search button to look up Serum tokens. Alternatively, find the token from the long list of cryptocurrencies supported by the exchange.

Step 5: Buy Serum

Once you find the crypto asset, tap on the “BUY” option, and a trading menu will pop up. Use it to customize the trade by indicating the amount of Serum tokens to buy or the cash you wish to buy in the purchase of SRM tokens. To initiate the purchase, press the “Open Trade” button.

buy serum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Note: The purchased private keys for the Serum tokens will be deposited into the exchange-provided eToro custodial wallet. These can, however, be easily moved to the free and equally safe but non-custodial exchange wallet app or transferred to third-party exchanges and hardware wallets.

How To Sell Serum (SRM)

It is simple. Start by logging in to eToro or the crypto exchange where you purchased these Serum tokens. Proceed to the user dashboard and open a sell order.

If you wish to sell the SRM tokens immediately and at the prevailing rates, open a market order. Alternatively, open a limit order if you wish to set a custom price for your SRM tokens.

Conclusion - Where To Buy Serum (SRM)

That’s it. There goes everything you need to know about where to buy Serum tokens.

In this post, we have introduced to what the majority in the crypto community consider the three best places to buy Serum. We have discussed each and told you why you too should consider registering a trader account with them and buying Serum on their trading platforms.

We have also discussed the serum token in detail. We have looked at what it is and how it came about, we have analyzed its past price action, looked at its price prediction, and even outlined some of the reasons why you should consider investing in the DEX-focused token.

Can’t wait to start investing in the promising crypto asset? Follow the step-by-step guide that we have outlined above to create an account with eToro and start buying Serum on the platform. 

eToro – The Best Place To Buy Serum

Open an account with eToro, deposit some funds with USD, and finally – buy SRM from just $10.

trade crypto on etoro

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs On Where To Buy Serum (SRM)

Where to buy Serum?

Serum’s growing popularity as well as growing investor interest in the coin have helped the token list with a growing number of crypto exchanges. We recommend buying Serum on eToro, Binance, or Crypto.com. 

Is Serum a good investment?

Yes, Serum is a good investment because it currently is selling at a discounted price (90% below its all-time high) and both technical and fundamental analysis indicates that its token prices will continue rallying in the foreseeable future.

Can I buy Serum on eToro?

Yes, you can buy Serum on eToro today. And you only need to create a trader account and deposit a minimum of $10 to start trading.

What will Serum crypto be worth in 2022?

The majority of crypto analysts and investors are confident twhat Serum will rebound and resume its 2021 rally. They have expressed a lot of optimism about Serum’s ability to rebound and end the year above $2.00. 

 

buy serum

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

 

Read More:

Best Altcoin Exchange

The Best Altcoins To Buy

Top 10 Best Long-Term Cryptocurrencies To Buy And Hold

7 Most Popular Cryptocurrencies For 2022 Revealed

Top 10 DeFi Cryptocurrencies That Are Set To Explode

Top 10 Best Cryptocurrencies To Buy And Invest For The Long Term