SRM is the cryptocurrency that powers Serum, a DEX that is built on the Solana blockchain, one of the fastest and most scalable blockchains in the world. On LetsExchange, you can purchase SRM for one of 4,000+ supported coins and tokens.
What Is SRM?
Serum is a DEX that runs on the Solana blockchain, which can handle up to 50,000 transactions per second and 400ms block times. Serum offers a fully decentralized and trustless trading experience, with an on-chain order book and matching engine. SRM is the token that gives users access to the Serum platform, as well as incentives and rewards for staking, burning, and voting.
How to Buy SRM on LetsExchange: a Step-by-Step Guide
On LetsExchange, you can purchase SRM with one of 4,000+ other assets supported by the platform. All swaps on LetsExchange are secure and efficient, and the favorable rates for each swap are carefully selected by the SmartRate technology. Moreover, the platform offers a comprehensive set of tools for affiliate partners.
The platform aggregates liquidity from multiple providers, ensuring sufficient liquidity for each swap. The upper limits are very high, and the number of swaps you can make is limitless.
To buy SRM, please follow the instructions.
Open the exchange widget.
In the You Send window, choose the coin that you will swap for SRM, and provide the sum to swap. In this example, we will choose the default value of 0.1 BTC.
Choose whether you prefer to swap your coins at a fixed or a market rate.
Opting for a fixed rate ensures that the amount you receive remains constant for 30 minutes. It means that you will receive the same amount of coins as the one indicated in the You Get field of the widget at the moment you start the swap if you send the deposit within 30 minutes from the initiation of the swap.
Selecting a market rate means your swap will be processed at the current market rate at the time of the coin swap. Then, the number of coins in the You Get field of the widget may differ from the number of coins you get.
Select SRM in the You Get field. This coin is popular, and it runs on several blockchains. So, make sure you pick the correct blockchain otherwise your funds will be lost.
We will pick SRM on the Ethereum blockchain.
The number of coins to receive will be calculated automatically.
Click on the Swap button.
Copy-paste the SRM receiving wallet address. When the coins are exchanged, your SRM coins will be sent to the receiving wallet address.
You can also provide a refund address. If the swap isn’t processed as expected, you will get your refund there.
Hit the Apply button to proceed.
Send your coins to the deposit address provided by the platform (copy-paste the address to your wallet or scan the QR code). After the platform receives your BTC, the swap will be processed, and your SRM coins will be sent to your receiving wallet address.
After the swap is completed, you can download the receipt with all the swap details.
Bottom Line
Acquiring SRM on LetsExchange is a seamless and swift experience, boasting a vast selection of over 4,000 coins and tokens. The user-friendly process ensures that individuals, including those new to cryptocurrency trading, can navigate it effortlessly. Additionally, LetsExchange provides responsive customer support to promptly address any inquiries or uncertainties that may arise during the buying process.