With the recent popularity of decentralized exchanges more and more such projects appear in the DeFi industry. The Serum project is a DEX too, but it offers a completely different mechanism than most of the DEXs which are based on the automated market maker mechanism. Founded in 2020, Serum has been welcomed in the DeFi quite well and has become a valuable project in a short time.
Due to Serum’s popularity, many investors and traders are also interested in SRM trading. If you want to buy some Serum coins too, this guide is perfect for you. With this guide, you will learn what Serum is, how it works, should you buy a Serum coin right now, and other crucial factors about this cryptocurrency. You will also find a complete walkthrough to help you buy Serum coin (SRM) online in the US.
How To Buy Serum In The USA – 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 USA in less than 5 minutes.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
Best USA Crypto Exchanges To Buy Serum Coin (SRM)
Serum cryptocurrency is listed on several cryptocurrency exchanges. To buy Serum, first, you need to select an appropriate platform that will meet your requirements. It may be a daunting process for you to select a good crypto exchange if you can’t spend too much time researching tens of brokers and checking their features to find the best one for you. Hence, we have eased this task for you, and have already explored multiple platforms to pick up the ones which provide the best trading experience. Find the best platforms to buy Serum in the US in the list below.
- eToro - Best broker to buy Serum (SRM) in The USA
- Binance - Best exchange to buy SRM in The USA for asset diversity
- Coinbase - Best exchange to buy Serum (SRM) for beginners
- OKEx - Best broker to buy SRM in The USA for low-cost
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
What Is Serum Coin (SRM)?
To understand what the Serum project is, firstly, you need to understand the difference between decentralized and centralized exchanges. While the second one is controlled by a single group or organization, the first one is decentralized and works through codes meaning that there is no third party governing the platform and interfering with the process of buying or selling the assets.
So, Serum offers a decentralized exchange platform that stands out with security, scalability, low-cost transactions, and more trading features. The project is built on Solana’s blockchain which is concurrent with Ethereum as it works through the smart contracts and tries to build a platform that can process more transactions in a short time and charge low fees.
Serum’s popularity mainly depends on the fact that it significantly differs from the way that most of the DEXs work. The latter is based on the AMM mechanism, which means they create liquidity pools by collecting the assets locked by the lenders, and borrowers can buy assets from those pools.
Serum’s exchange does not use the liquidity pool’s principle. Instead, it uses the mechanism of the order books similar to centralized exchanges but does so through smart contracts. It matches buyers and sellers together which enables them to trade coins at their desired price. Apart from the SPL tokens which are native to Solana’s blockchain, users can also trade tokens on other platforms due to its cross-chain function.
Source: projectserum.com
How Serum Coin (SRM) Works And What Affects Its Price?
The Serum project has a native utility and governance token - SRM, which is used for multiple purposes within the Serum ecosystem. As a utility token, Serum is used to pay for transaction fees when using the exchange. Additionally, SRM holders will get up to a 50% discount on transaction fees depending on the number of coins they have. SRM can also be staked to generate rewards.
As a governance token, Serum is used to manage the Serum DAO. SRM holders can participate in the voting processes and decisions regarding the project thus contributing to the development of the project. Besides, having so crucial meaning to the community, SRM is also a tradable asset and can be used to generate some long-term or short-term rewards.
There are multiple things affecting the Serum’s price - its supply and demand ratio, the popularity of the coin among traders, the coin’s use cases within the ecosystem and functionality, the attractiveness of the Serum’s DEX, and several other secondary factors.
Source: coinmarketcap.com
Is Serum Coin (SRM) A Buy Right Now?
Serum is an excellent cryptocurrency to invest in right now due to some features. First of all, Serum is not a speculative asset, it is backed by an excellent team and introduces innovative ideas into the market. It means that Serum’s value will not crash when it stops trending and when the traders lose interest in the coin. Serum is a sophisticated project that has a word to say in the DeFi and once its technology becomes viral, the interest in SRM coin will rise too.
Serum is meant to become a deflationary coin in the future as the team uses a buy and burn mechanism for the coin. It means that 68% percent of the SRM coins that are spent on transaction fees are burnt by the team. 10% goes to stakers, 20% to the development of the project, and the other 2% is given to the EcoSerum project.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
How To Buy Serum Coin (SRM) Online In The US - A Step-by-Step Guide
If you are attracted by Serum’s features and want to buy some coins but don’t know where to start, here is a detailed guide to walk you through the whole process.
1. Find a Broker that Supports Serum Coin (SRM)
Finding an online exchange platform to buy Serum is the first step in the process that you need to take seriously. Your platform must be safe, secure, cost-effective, have versatile trading features, and support multiple coins. Our thorough research indicates that eToro possesses all these features and provides an excellent interface for beginners who just stepped into trading.
eToro is a highly reliable broker that is completely secure and is regulated by the FinCEN in the US. The broker offers one of the most competitive pricing structures in the market and supports trading multiple cryptocurrencies. Plus, it has recently launched its Smart Portfolios tools for cryptocurrency trading. eToro also provides a decentralized crypto wallet where you can transfer your coins to store and use its in-built exchange to swap between hundreds of crypto assets.
2. Register for an Online Account and Deposit Funds
To create your online account, simply visit the broker of your choice and click on the “Register” button. You will be led to the registration section to fill in the necessary information - your personal details, phone number, email, address, etc. Once everything is filled correctly, confirm the information to have your account registered.
Afterward, you must go through some verification stages which may differ depending on the exchange you use. When your account is wholly registered and verified, you need to fund it with some money to be able to buy Serum coin. Choose the available payment option and follow the steps to deposit the money.
3. Buy Serum Coin (SRM)
When you have finished with the account-creating process and have funds on it, you can eventually invest in the Serum project. Type the coin's ticker symbol or name in the searching area and search it. Click on the “Trade” or “Buy” button to start investing and decide on how many coins you want to purchase. When everything is done, finalize your transactions and get the coins on your account.
4. Transfer Your Funds to a Cold Storage Wallet
It’s not a mandatory step but if you worry too much about the safety of your coins, you can store them on a hardware wallet. These devices can be ordered from online shops or from stores - they are physical devices and work offline which is the reason they are considered the most secure place to keep your investment.
Read Also: Where To Buy Serum (SRM)
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
How To Trade Serum Coin (SRM) In The US - A Step-by-Step Guide
Serum is traded at low prices and is quite volatile right now, which means you can also speculate on its price movements. Here is a step-by-step guide explaining how to trade Serum coins in the US.
1. Register for an Account and Verify It
Find a suitable online broker for you with low trading fees and a quick-to-operate platform and get to sign up for an account. Provide the required details that your broker asks for and get to the verification process to use the brokerage platform’s all features. Basically, you need to verify your account through an email, phone number, ID or passport, and a utility bill or bank document.
2. Deposit Money in Your Account
You can now deposit some funds to your exchange account through a bank card, electronic wallets (Skrill, PayPal, etc), or wire transfer options. But before using any of these options, do quick research to find out the deposit fees and time for each of them.
3. Develop a Trading Strategy
You will have a much better trading experience if you have a trading plan before you start executing trades. You can choose either to develop a short-term term or a long-term strategy which depends on your budget, free time, etc. Having a good strategy helps you to research the coin, find out its peculiarities, and disadvantages, and to guess the right buy and sell signals.
4. Start Trading Serum Coin (SRM)
With a verified and funded account and a strong trading strategy, you are completely ready to start trading. Browse the platform to find the Serum coin, click on the “Trade” button and start opening the first position. On the appropriate fields fill in the money you want to invest in or type the number of coins you want to purchase and complete the transaction.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
Serum Coin (SRM) Advantages And Disadvantages
If you still can’t decide whether buying Serum coins is a good idea or not, get familiar with its advantages and disadvantages which can help you in making up your mind.
Advantages
- Serum is a DEX that solves the liquidity pools problem.
- It’s built on the Solana blockchain which gives it a lot of benefits, including scalability, low trading fees, etc.
- Serum is traded at a low price and is quite affordable for newbies.
- Serum DEX enables cross-chain trading and offers other trading features.
- SRM is a governance and utility token that gives it many use cases.
- Serum coin is a deflationary token.
Disadvantages
- Serum is a volatile and risky investment.
- It is new in the industry and still has to prove its technology.
- The coin has had a major drop recently.
What Is Serum Coin (SRM) Price Prediction?
Serum price predictions conducted by the Wallet Investor algorithm indicate that the cryptocurrency may crash in the near future. The platform predicts that SRM can drop to $0.0419. In contrast, the Digital Coin Price predictions indicate that Serum will grow gradually and hit $2 in 2027.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $1.16 | $1.29 | $1.38 |
| 2024 | $1.07 | $1.30 | $1.66 |
| 2025 | $1.49 | $1.65 | $1.89 |
| 2026 | $1.41 | $1.52 | $1.73 |
| 2027 | $1.68 | $2.10 | $2.58 |
Serum Coin Price Predictions by the Digital Coin Price
The more rapid growth for the cryptocurrency is predicted by the Price Prediction’s algorithm. It shows that Serum can double its value in a year and reach above $6 up to 2027. By 2028, Serum will hit $10 and the average price of the coin will be $12, according to the Price Predictions.
Don't Miss: Serum Price Prediction For 2025 And 2030
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
How Do I Mine Serum Coin (SRM) In The US?
Serum cryptocurrency can’t be mined as it does not use the Proof of Work protocol. The latter is Bitcoin’s protocol which requires spending too much computational power and keeping computers running continuously. In this way, miners solve complex computational problems, contribute to the blockchain, and mine new blocks. Instead, Serum is based on Solana’s blockchain which uses the Proof of Stake algorithm.
What Is The Total Supply Of Serum Coin (SRM)?
The total supply of the Serum cryptocurrency is 10,161,000,000 SRM tokens of which more than 263 million tokens are circulating currently. It means that only almost 3% of the SRM tokens have been issued by now. The current value of each token is $0.88 which raises a market cap of $232.8 million making it the 116th largest cryptocurrency.
Things To Consider Before You Invest In Serum Coin (SRM)?
Serum is a cryptocurrency project that seeks to build an upgraded decentralized exchange. The project aims to mirror the way traditional exchanges work but be based on decentralized blockchain technology thus giving more freedom, security, and transparency to traders. Serum’s ecosystem is fueled by its native token - SRM which is used for multiple purposes.
The technology that Serum offers is unique to the DeFi ecosystem, so if the project succeeds, Serum will garner huge popularity. If it attracts more people, more investors will be interested in Serum investment. The demand for the coin will increase its value too. Serum is traded on several exchanges so you can open an account with one of them and start buying Serum coins in the US.
eToro – The Best Place To Buy Serum In The USA
Open an account with eToro, deposit some funds with USD, and finally – buy SRM from just $10.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
FAQs on Where to Buy Serum Coins in the USA
What is the purpose of the Serum coin?
Serum is a decentralized exchange that works through the order books similar to traditional exchanges but has a decentralized approach.
What is the best platform to trade Serum coin?
eToro is the most secure platform to trade Serum coins, and it offers low-cost trading fees, versatile trading features, and a super easy-to-use interface for beginners.
How can I buy a Serum coin in the US?
To buy Serum coin in the US, visit your favourite broker, sign up for an account, deposit money and start purchasing the coin.
What is the market cap of Serum cryptocurrency?
Serum token has a market cap of $232,783,629 and is the 116th largest cryptocurrency by market capitalization.
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
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