Serum coin, SRM, is the native token of the Serum decentralized exchange that seeks to bring the features of traditional centralized exchanges to the DeFi. It is built on Solana’s blockchain and uses the benefits of fast and low-cost transactions. The DEX has become a big player in the industry in a short time, attracting also traders’ attention.
How actually does it work, and what makes it exclusive among other decentralized exchanges? Is Serum a good investment or not? What are the best brokerage platforms to buy Serum in the UK? This guide covers the answers to these questions. Additionally, it will explain how to invest in the Serum coin (SRM) with a few simple steps.
How To Buy Serum In The UK – Quick Guide
To help you buy Serum coins as quickly as possible, we broke the process down into a few easy steps:
- Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
- Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
- Step 3: Deposit – Fund your new eToro account with a minimum of $10.
- Step 4: Search for Serum on eToro – Search for SRM or Serum in the eToro crypto market.
- Step 5: Buy SRM – Enter the amount of the worth of Serum you want to purchase in United States Dollars (USD), then click Open Trade.
That’s it! By following these easy steps, you can buy Serum in the UK in less than 5 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Best UK Crypto Exchanges To Buy Serum Coin (SRM)
The first thing you should consider before you invest in the Serum project is what cryptocurrency exchange to select? It is extremely important as the rightly chosen broker will ensure you a safe, cost-effective, and productive trading experience. It implies that you check out such features as security mechanisms, privacy policy, costs of trading, functions, user interface, etc. Finding a highly functional and secure brokerage platform may take you a while. Therefore, our team of specialists has picked the best platforms to buy Serum coin (SRM) in the UK through accurate and detailed research.
- eToro - Best broker to buy Serum (SRM) in The UK
- Binance - Best exchange to buy SRM in The UK for asset diversity
- Coinbase - Best exchange to buy Serum (SRM) for beginners
- OKEx - Best broker to buy SRM in The UK for low-cost
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
What Is Serum Coin (SRM)?
SRM is the native token of the Serum decentralized exchange, which was founded in 2020 by the Serum Foundation. The latter was created in collaboration with FTX exchange, Solana foundation, and Alameda Research. As a decentralized exchange, Serum completely differs from most of the DEXs in the industry. Instead of using the automated market maker mechanism, Serum seeks to mirror the system of centralized exchanges.
So, how does Serum work? Serum is based on the Solana blockchain and uses smart contract technology to run an order book of buys and sells applied by traders. In contrast to the centralized exchanges, where the order book is governed by a single authority, Serum makes the process wholly automatic and decentralized without any third party interfering with the process.
Source: projectserum.com
Using the centralized exchange system gives Serum some benefits over the other DEXs. Firstly, it is not based on liquidity pools but matches buyers and sellers. Additionally, it enables people to trade on Serum DEX with more freedom related to prices and order sizes. Another great thing is the availability of cross-chain trading, due to which Serum users can trade tokens from other decentralized exchanges.
Using Solana’s blockchain platform also gives Serum some advantages. Among the striking ones are scalability, faster transactions, and low transaction fees. As Solana aims to make its blockchain highly scalable, meaning it can handle a huge amount of transactions in a short time, Serum will benefit from it. Serum’s unique features and technology helped the project to become a game-changer in the industry. The team behind it aims to reach 1 billion users on Serum’s platforms.
As already mentioned, Serum issues a native token to fuel the ecosystem - SRM, which has multiple use cases. Firstly, it is a utility token that can be used to pay transaction fees on the DEX. Additionally, SRM holders will get up to a 50% discount on transaction fees. SRM can also be staked to earn rewards or get MegaSerum, which is another token issued by the project. Above all these features, SRM is also a governance token and enables its holders to participate in the decision-making process regarding the project.
Should You Buy Serum Coin (SRM)?
Like all cryptocurrencies, investment in Serum can be highly risky. But Serum belongs to the kind of Defi projects that have promising futures. Here are some reasons to invest in Serum coin (SRM).
Serum aims to make changes in the industry of decentralized exchanges by bringing the centralized exchange mechanism into the DeFi. To achieve it, Serum uses one of the most developed blockchains in the market - Solana, which enables fast and cost-effective transactions. Additionally, Serum gives an automated, decentralized, and transparent trading experience to its users. If you believe in Serum’s technology, you can buy some SRM coins to profit when the value increases.
SRM token gives priorities within the Serum ecosystem. As a utility token, SRM gives discounts to the holders. As a governance token, it grants voting power. SRM is also pretty much similar to ERC-20 tokens, so it can be staked to generate rewards.
Serum will become a deflationary coin in the future. The maximum supply of the SRM token is 10 billion tokens, but only 3% of the coins are circulating. However, the project uses a buy and burn mechanism, and half of the SRM spent on transaction fees is bought and burnt by the team. It means that if all the SRM coins are in circulation, the coin’s supply will decrease over time.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
How To Buy Serum Coin (SRM) Online In The UK - A Step-by-Step Guide
If you find Serum’s approach to building decentralized exchanges quite appealing, you may be interested in investing in SRM. In this section, we will explain how to buy Serum coins in the UK. But before you get to buying SRM, it is crucial to choose what platform you will use for that purpose. Here are two of our most recommended brokers to purchase Serum coin.
Being one of the most popular brokers worldwide, eToro offers an exclusive trading experience even for beginners. If you worry about your security during trading, you can trust eToro. The broker provides top-notch security mechanisms and is regulated by FCA, CySEC, ASIC, and FinCEN.
Along with its multiple asset types, eToro also supports over 60 cryptocurrencies. When it comes to pricing, eToro shines with competitive trading fees and low spreads. eToro is also great in terms of functionality: it has an easy-to-use platform and a bunch of trading tools both for beginners and experts.
Binance
Binance is a leading platform in the centralized exchange industry. It supports hundreds of cryptocurrencies and NFTs, so apart from buying SRM, you can build a perfectly diversified portfolio with the broker. Binance is equipped with advanced security systems to protect your account from fraud and hacking. However, the broker is not regulated by any financial institution.
Read Also: Where To Buy Serum (SRM)
Register for an Online Account and Deposit Funds
To buy SRM coins with any reputable brokerage platform, you must first go through the registration process. What you need to do is to fill in some simple queries about your personality. You will also need to provide your email address and phone number to undergo the first verification stages required by the broker.
After successfully registering your account you must provide proof of identity and a proof of address to verify your account. The broker will enable you to trade and use its platform to the full capacity only if you do the verification process correctly. Once you make sure you have passed the verification, charge your exchange account with some funds.
Buy Serum Coin (SRM)
Buying Serum coin with a cryptocurrency exchange is a straightforward process if you have a verified and funded account. First, you need to search the coin by typing SRM in the search toolbar. Top-rated brokers usually also provide multiple in-built charts and graphs to analyze the asset before you invest in it. You can use those tools to do a quick research about the Serum coin. When you are ready to buy the coin, click on the “Trade” button and type the amount you want to purchase. Finalize the transaction to get the SRM coins on your brokerage account.
Transfer Your Funds to a Cold Storage Wallet
Using a cold storage cryptocurrency wallet is recommended if you invested in Serum for long-term purposes. These wallets are also called hardware wallets and are considered the safest storage for your cryptocurrencies. As Serum operates on Solana’s blockchain, any hardware wallet that supports SPL tokens will be compatible with SRM cryptocurrency.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
How To Trade Serum Coin (SRM) Online In The UK - A Step-by-Step Guide
You may also think that the Serum coin is a good short-term investment and intend to speculate on its price changes. Here is a complete guide explaining how to trade SRM in the UK.
Register for an Account and Verify It
Find a suitable trading platform and start with signing up for an online account if you don’t have one yet. Obviously, you can’t start trading without passing the verification process, which is a must, especially with regulated brokers. Verification is quite easy if you can provide the necessary documents. If you have provided the necessary documents required by the broker, having your account verified is a matter of some hours.
Deposit Funds
You can deposit money on your exchange account in multiple ways, including bank cards, wire transfer options, e-wallets, etc. There are certain things to consider when you select a payment method. The most crucial ones are speed and deposit fees. Bank cards usually charge higher deposit fees, while wire transfer methods usually don’t charge deposits (though eToro charges the same amount of fee for all the payment methods). You should also take into account that bank cards are the fastest way of charging your account whereas wire transfers may take up to 7 business days.
Develop a Trading Strategy
Having a trading strategy is not mandatory but a carefully developed trading plan will make your trading experience more productive. To adopt a trading strategy or build it you need to research the project and its market performance. Based on your research you can decide whether you want a short-term or a long-term trading strategy, how much to invest in the asset, etc. Additionally, it manages your trades perfectly and reduces the risks of losing money.
Start Trading Serum Coin (SRM)
At this point, you can finally start making the first trade. Browse the platform to find the Serum coin or simply tap its token name in the searching area. Click on the “Trade” button and register the required details about your transaction. Check it out if you have filled in everything correctly and complete the trade by the appropriate button.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Serum Coin (SRM) Pros And Cons
If the information about the Serum coin was not enough to make a clear decision about whether you want to buy it or not, here we have enumerated its pros and cons.
Pros
- It takes another approach to DEXs and solves the problem of liquidity pools.
- Based on the Solana blockchain, which provides fast and low-cost transactions.
- Offers automated and decentralized trading through the mechanism of order books.
- SRM is supported by many leading exchanges.
- SRM is a utility and governance token and has multiple use cases.
- Holders can stake SRM to generate rewards.
Cons
- It has a lot of competitors in the DEX industry.
- It is a risky investment as the prices are highly volatile.
Is Serum Coin (SRM) A Good Long-Term Investment?
Serum is an excellent long-term investment as it offers a unique product to the DeFi industry. Though the market is filled with several DEXs already, Serum became quite popular in a short time after it was launched. Hence, if you think Serum is an attractive DeFi project and can win a huge amount of attention in the DeFi industry, you can invest in it. However, keep in mind that crypto investments are still risky, and purchase only as much as you can afford.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
What Will Serum Coin (SRM) Be Worth In 2025?
The price predicting algorithms show contradictory results about Serum’s future price. Digital Coin Price indicates that it will grow slowly in the next few years and in 2025 its average price will be $1.76. The Wallet Investor is the most pessimistic about the coin and even forecasts that the crypto may crash in the future. In contrast, the Price Prediction gives more positive results considering that the prices will rise and hit $5 after 2025.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $1.95 | $2.02 | $2.27 |
| 2024 | $2.80 | $2.91 | $3.37 |
| 2025 | $4.04 | $4.18 | $4.84 |
| 2026 | $6.03 | $6.19 | $7.17 |
| 2027 | $8.51 | $8.82 | $10.42 |
Serum price predictions by the Price Predictions
Don't Miss: Serum Price Prediction For 2025 And 2030
What’s The Purpose Of Serum Coin (SRM)?
Serum aims to offer an alternative to decentralized exchanges based on the AMM mechanism. For this purpose, Serum tries to mirror traditional exchanges but the platform manages the whole process automatically through Smart contracts.
Is Serum Coin (SRM) Mining Profitable?
Serum is a Solana-based project which relies on the Proof of Stake mechanism. It means that to mine new Serm tokens you need to stake the tokens you hold in your wallet. It completely differs from the mining mechanism of Bitcoin, which requires expensive and powerful computers to solve hard problems and mine a new block.
Buying Or Trading Serum Coin (SRM) - Things To Take Into Consideration
In short, Serum is an innovative DeFi product that has a word to say in the DEX industry. The fact, that Serum has become so popular in a short time in the market where there are multiple DEXs, already makes Serum a good investment to think of. Serum’s token SRM has several use cases and can attract a lot of investors once Serum gets more popular and attracts more visitors.
Serum is widely traded on major brokerage platforms, including eToro and Binance which are our top recommended platforms to invest in Serum. To buy a Serum coin in the UK, you need to create an account, deposit funds on it, and start purchasing the coin.
eToro – The Best Place To Buy Serum In The UK
Open an account with eToro, deposit some funds with USD, and finally – buy SRM from just $10.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
FAQs
What is the maximum supply of the Serum cryptocurrency?
Serum’s SRM coin has a maximum supply of 10 billion tokens, and only 3% of Serum tokens are in circulation at the time of writing.
What is the best platform to trade Serum cryptocurrency?
Our top recommended broker to trade Serum coin is eToro which stands out with excellent trading experience, competitive fees, and robust security features.
Is Serum coin a buy right now?
Serum value has decreased significantly in the last few days, so if you believe in Serum’s product and consider it will rise in the future, you can invest in Serum right now?
Who invented the Serum blockchain?
Serum was founded in 2020 by the Serum Foundation, which is a joint product of Alameda Research, Solana foundation, and FTX exchange.
What is the market cap of the Serum coin?
According to the details provided by the Coin Market Cap website, Serum has a market cap of almost $244.5, which makes it the 118th largest cryptocurrency.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
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