Despite the significant crypto dip, the popular crypto platform eToro has released some new cryptocurrencies on its platform in an effort to give investors some respite. One of three new cryptocurrencies added to eToro this week is Serum (SRM). Serum is a decentralized exchange (DEX) and ecosystem that delivers decentralized finance at exceptional speed and cheap transaction fees (DeFi). It is the only high-performance DEX built on a central limit order book and matching engine that is fully on-chain. Serum’s on-chain order book allows ecosystem partners to share liquidity and fuel their trading services for institutional and retail consumers. If SRM is one of the latest digital assets that you want to add to your portfolio, this guide will share details on how to buy SRM in minutes via an SEC-regulated broker. How to Buy SRM Coin – Quick Steps ✅ Step 1: Open an eToro Account To get started, create an eToro account. Fill out the relevant details after clicking the ‘Join Now’ button. After that, upload a copy of your ID to confirm your account. ? Step 2: Deposit Funds eToro offers free fiat currency deposits, and US customers only need to invest $10. You can use a debit or credit card, PayPal, a bank wire, or any other method that is supported to make a payment. ? Step 3: Search for SRM Coin To get right to the relevant investment page, search for ‘SRM’ and click ‘Trade.’ ? Step 4: Buy SRM Coin Finally, start with $10 and tell eToro how much you want to put into SRM. Click ‘Open Trade’ to confirm. Buy Serum Now Your capital is at risk Where to Buy SRM Coin? 1. eToro: Overall Best Place to Buy SRM Coin in 2023 At the top of our list of the best places to buy SRM coin is eToro, a certified online platform founded in 2007. With eToro, you can buy SRM on a spread-only basis, which means that you will only be charged the difference between the buy and sell price at the moment of the order, rather than the normal charges. According to eToro, spreads on cryptocurrency transactions start at just 0.75 percent when buying Bitcoin. When you fill your eToro account in US dollars, there are no deposit fees. All accepted deposit and withdrawal methods, including debit/credit cards, ACH, online banking, and domestic wire transfers, are subject to this rule. On eToro, the minimum deposit for US customers is only $10. You may obtain SRM for as little as $10 with to eToro’s fractional crypto purchases. In addition to SRM, eToro covers around 60+ more digital assets. On eToro, the most popular coins are Bitcoin, EOS, Cardano, Litecoin, Dogecoin, Ethereum, and XRP. Binance Coin (BNB) is also available with a 2.45 percent average spread. eToro also offers traditional asset classes such as the US and foreign equities, ETFs, FX, indices, and more. The eToro Crypto Portfolio is a wonderful solution if you want to buy SRM while also having exposure to other digital assets. The eToro Crypto Portfolio is a passive financial product that allows you to invest in a variety of cryptocurrencies at various weights with a single investment. Because eToro manages the portfolio, you won’t have to worry about research or upkeep. You can buy SRM money on eToro’s main website or through its iOS/Android app, depending on the available platforms. The Securities and Exchange Commission (SEC) regulates eToro, and it is also registered with the Financial Industry Regulatory Authority (FINRA) (FINRA). As one of the most prominent crypto staking platforms, eToro is also an excellent choice for SRM staking. Pros Has a larger pool of popular coins than other well-known exchanges Commission rate is 0%. Competitive spreads available depending on the type of cryptocurrency Copy trading tool for investors to mimic the transactions of other traders Virtual Portfolios and a variety of teaching tools for first-time investors Social connectivity platform available Both desktop and mobile devices supported Mobile application that is simple to use Transparency in fees Demo account has a $100,000 virtual balance Cons Offered only in a few states in the US Number of investment options is restricted May not be relevant to traders looking for advanced technical analysis Withdrawal charges Inactivity penalties Visit eToro Now Your capital is at risk 2. Crypto.com – Simplest Place to Buy SRM Coin using Debit Card Crypto.com is one of the most well-known cryptocurrency exchanges today. The platform’s goal is to provide users with a straightforward, low-cost option to invest in digital assets. Once you’ve completed the process of opening a Crypto.com account and proving your identity, you can purchase SRM currency with a debit card. A 2.99 percent commission is applied when purchasing SRM through Crypto.com. The platform, on the other hand, waives the fee for the first 30 days after signing up. In addition to SRM, Crypto.com has over 250 distinct digital currencies. Pros Impressive variety of cryptocurrencies for trading Lower fees on cash transfers compared to other exchanges Transparency in fee structure, several reductions available Mobile-friendly Clean and simple interface DeFi tokens also available on the platform Transparent communication of relevant information like investment premiums, supported assets, and account-related directions Visa cards can be used to earn incentives on crypto spending Higher interest rates than even the highest-yielding savings accounts Tax assistance Cons High fees for debit and credit card transactions Some services still out of bounds in the US Crypto-to-crypto trading not possible currently Customer service can be improved Trading fee savings difficult to navigate Educational resources not extensive Visit Crypto.com Platform Now Your capital is at risk 3. Binance: Buy SRM at Just 0.10% per Trade If you are looking for the cheapest way to buy Serum crypto, Binance is a good option. Because of its low expenses, this top-tier exchange is currently used by over 100 million traders. Binance will only charge you 0.1 percent when you swap SRM for supported digital currencies like Bitcoin, Ethereum, BNB, or USDT. You must, however, be able to deposit payments in Bitcoin to take advantage of the minimal charge structure. This is because depositing cash with a debit or credit card costs 4.5 percent, while buying SRM with USD costs an additional 0.5 percent. If you use the Binance US website, you can access over 60 more digital currencies. Both large-cap blockchain assets like Bitcoin, Ethereum, and Cardano, as well as less liquid ERC-20 tokens, are included in the list. Regardless of how you choose to pay for your SRM investment, Binance offers a range of storage options. This includes its own Trust Wallet program, which gives users access to the popular decentralized exchange PancakeSwap. Pros Fast account creation process Low fees Several cryptocurrency pairs available Safe and secure multi-currency wallet Abundant liquidity Plenty of educational resources Multiple deposit options Cons Not ideal for beginners due to its complexity Has run into regulatory issues in the past in several countries Visit Binance Now Your capital is at risk What is Serum (SRM)? Today, users and developers feel limited by high gas costs and delayed transactions due to the popularity of DeFi and the expansion of DEXes on Ethereum. Serum intends to address these common DeFi difficulties, along with those of centralization, inadequate capital efficiency, and liquidity segmentation. Project Serum is a collaborative effort by FTX, Alameda Research, and the Solana Foundation that is open source. The Serum Foundation, which is sponsored by a group of specialists in cryptocurrencies, trade, and decentralized finance, is now funding its development. Many of the project’s design and thought leadership come from companies in the cryptocurrency and finance industries. Traders and composing projects benefit from Serum DEX’s on-chain central limit order book and matching engine, which enables liquidity and price-time-priority matching. The flexibility to determine the price, size, and direction of their trades is a feature of this exchange model for users. Serum’s existing architecture, bootstrapped liquidity, and matching service assist composing projects. Serum is based on Solana and requires no permissions. The web-scale blockchain Solana is capable of 50,000 transactions per second with block durations of 400 milliseconds. This is accomplished using the SHA 256 hash chain, which is a verified delay function. The design of Serum is intended to ensure that DeFi can compete with centralized services. Visit eToro to Buy SRM Token Now Your capital is at risk Is SRM a Good Investment? The crypto industry is evolving in an unpredictable manner, with new projects popping up every now and then. New project interest has continued to rise as they provide investors with higher returns on investment. Serum is an example of a crypto project with both current and future revenue potential and major use applications. Serum, unlike most Ethereum-based decentralized exchanges, takes advantage of Solana‘s strong performance to provide users with a regular order book. Users, however, do not trade directly on Serum; it is simply a contract on the Solana blockchain. Unlike other decentralized exchanges like Uniswap and Curve which use the automated market-making methodology (AMM), Serum provides traders with a small order book and matching engine. Traders are not limited to putting market orders; they can also place orders at other prices, giving them a similar experience to that of a centralized exchange. Serum can be used by any crypto project with a token to boost liquidity and provide a trading matching service. Here are some of its key features and services elaborated: Order Books Customers benefit from Serum’s online central limit order since it provides price-time priority matching for transactions as well as for composing projects. Buyers can pick the price of Serum, the size of trades, and the direction of trades in this exchange mechanism. Projects benefit from the Serums’ established infrastructure, matching service, and bootstrapped liquidity. Serum can match derivatives orders in addition to spot market orders (psyOptions, Offpiste, HXRO). Serum Core Serum’s asset-agnostic order book and backend matching engine help match any Solana-based products, including options, futures, and other financial instruments. The asset agnostic order book can also be used as a backend matching engine for other applications. True Composability Serum strives to preserve consistency in design and composability. Serum-based programs will be more adaptable. It offers a wide range of uses and allows purchasers to share middleware in one location. The Serum order book is designed to complement Serum’s architecture and increase its versatility. Solana Speed and Cost Serum is an SPL-token asset specialist. Minimal transaction latency, low costs, great throughput, and security are just some of the benefits of using Solana. With a block time of 400ms and a transaction rate of approximately 50k per second, the Solana blockchain does not require sharding. Solana has an Ethereum bridge and follows a policy of doubling capacity and improvements every two years. Cross-Chain Swaps Tokens existing on another platform can be easily traded on Serum. The cross-chain method operates when both parties submit ETH to smart chain contracts, like in the case of the cross-chain exchange between ERC-20 tokens. Serum enables users to create their own cutting-edge DEX, integrate the Serum swap functionality, and use Serum as a liquidity layer and matching engine for protocol features. Other Services Serum’s decentralized on-chain order matching service provides developers with freedom and control when dealing with apps. In comparison to power-based trading features, Serum’s decentralized exchange provides a higher source of pooled liquidity and shared resources. Validator nodes on Serum can get entrenched in one of two ways: through voting or through delegation. SRM Price Today The current Serum price is $0.811387, with a trading volume of $76,639,886 in the last 24 hours. The current market capitalization is 213 million dollars. There are 263 million SRM coins in circulation, with a total quantity of 10 billion SRM coins. SRM Price Prediction Serum’s phase 1&2 deployments are complete, and phase 3 promises a slew of new features, collaborations, and integrations that could completely transform the Solana-based protocol, giving it many more applications. The following are some of the anticipated developments in 2022: Borrow/lending Yield More cross-chain bridges are needed. Margin trading/contracts projects based on Serum AMMs SPL natively supported tokens and exchanges Growth in volume and TVL Serum could have tremendous acceptance once phase 3 is completed, and its native token could see significant gains. As it grows into cross-chain services, Serum is working forward to futureproof its platform and grow its userbase. Price forecasts for SRM are bullish but reaching a new all-time high could take some time. Its impressive resistance despite the crypto market dip speaks of this fact. Invest in SRM Now Your capital is at risk Ways of Buying SRM The payment method you choose determines the best way to purchase SRM. When you choose one of the top-rated brokers listed above, you have the option of making the following deposits: Buy SRM using a Debit or Credit Card After you’ve opened an account with an authorized online platform like eToro, you can buy SRM with a credit or debit card. This payment method has the advantage of allowing you to invest in SRM tokens right away because your chosen broker will debit your card and then add the digital assets to your portfolio. On the other hand, some brokers charge high fees for credit and debit card transactions. Coinbase has a 3.99 percent fee, while Crypto.com has a 2.99 percent fee. Fee-free USD-backed credit and debit card deposits are accepted by eToro. Buy SRM using PayPal You have a few options if you want to buy SRM coins using PayPal. For example, after validating your Coinbase account, you can complete the transaction. Just like with credit/debit card payments, fees are 3.99 percent of the transaction amount. If you use eToro, you can buy SRM with PayPal and avoid paying any deposit fees. Buy SRM without KYC Verification You can buy SRM by foregoing the KYC process only if you have a bitcoin wallet. That is, you can use an illegal exchange to deposit Bitcoin and then swap the tokens for SRM. As part of the anti-money laundering process, you will usually always be asked to upload some form of identity when purchasing SRM with fiat money via credit/debit card or PayPal. Best SRM Wallet Now that you know how to invest in SRM coin, you will need to think about how you want to hold your digital assets. This is the circumstance since SRM tokens are typically saved in private wallets that may be downloaded as a mobile app or a desktop program. Some of the main businesses in this sector are Phantom Wallet, Sollet, and Solflare Wallet. These wallets provide you complete control over your SRM cash, and only you have access to your private keys. After that, you will need to take a few security precautions to protect your SRM tokens from being remotely hacked. If you are looking for a more beginner-friendly solution, you might want to look into the eToro Money Crypto Wallet. Checkout eToro Wallet Now Your capital is at risk How to Buy SRM Crypto – A Tutorial The methods below will bring you through the process of buying SRM coin in a safe and low-cost manner, whether to invest in it or to use it to buy the best NFTs, via the top-rated platform eToro. This SEC-regulated platform, as previously indicated, not only allows you to trade SRM on a spread-only basis, but it also has a $10 minimum trade. Step 1: Open an eToro Account Create an account on the eToro website to begin the SRM investment process. When you click the ‘Join Now’ button, a form will appear. Fill out the form with your full name and contact details. When you select the ‘Create Account’ option, you will be asked for additional information such as your home address, date of birth, and social security number. Step 2: Upload ID You must first authenticate your identification before buying SRM cryptocurrency with US dollars on eToro. This is a fully automated process that takes no more than 1-2 minutes to complete. To establish your identity, upload a copy of your state ID card, passport, or driver’s license, as well as a bank account statement or utility bill to verify your address. Step 3: Deposit Funds To buy SRM, make a minimum deposit of $10 into your eToro account. eToro takes a number of different payment methods, including Visa, MasterCard, and ACH, to mention a few. PayPal and Neteller, to mention a few, are accepted e-wallets. You will not be charged any fees if you use a payment type that is denominated in US dollars. Step 4: Search for SRM At the top of the eToro dashboard is a search bar. You can now start typing the word ‘SRM’. Then, from a drop-down choice of eligible markets, eToro will choose SRM. When you see SRM, click ‘Trade.’ Step 5: Buy SRM All you have to do now is tell eToro how much money you want to invest in SRM coins. This can be any amount of money in US dollars, ranging from $10 to $10,000. To confirm your investment, click ‘Open Trade.’ Buy SERUM on eToro Now Your capital is at risk Conclusion Given Serum’s predictions, features, and immense potential, holding the Serum token (SRM) for an extended period of time could be a smart investment. These projections, however, aren’t necessarily the most important factor to consider when making a purchase. Fundamental analysis, technical analysis, and other market characteristics all have an impact on investment decisions. Finally, doing your study rather than relying simply on price estimates to form a judgement is a great alternative. SRM’s price will eventually fluctuate with market swings, so investors should keep an eye on it. Invest just what you can afford to lose, as always. If you want to add SRM money to your portfolio right now, you can do so in around five minutes using the SEC-regulated provider eToro. You may buy SRM tokens instantaneously and without fees using a debit/credit card or an e-wallet, and eToro only asks for a $10 minimum initial investment. Read More: These are the Best Bitcoin Alternatives These are the Best DEX Coins to Buy in 2023 eToro - Our Recommended Trading Platform Our Rating CySEC, FCA & ASIC regulated - Trusted by Millions of Users Trade Crypto, Forex, Commodities, Stocks, Forex, ETFs Free Demo Account Deposit via Debit or Credit card, Bank wire, Paypal, Skrill, Neteller Copytrade Winning Traders - 83.7% Average Yearly Profit Open Free Demo Account 68% of retail investor accounts lose money when trading CFDs with this provider. FAQs Where can I find SRM for the best price? After examining a number of leading cryptocurrency brokers and exchanges, we discovered that eToro is the best place to buy SRM. It just takes a few minutes to set up a verified trading account, and you may buy SRM tokens with a debit/credit card, e-wallet, or bank transfer. Is it a good idea to invest in SRM? It seems like a good idea to invest in SRM right now. Once phase 3 is completed, Serum might get a lot of traction, and its native token could earn a lot of value. Serum is working to future-proof its platform and expand its user base as it expands into cross-chain services. SRM price expectations are bullish, but it may take some time to reach a new all-time high. Is it possible to buy SRM using PayPal? SRM is not on PayPal's list of approved crypto marketplaces. eToro, an SEC-regulated broker, does, however, accept PayPal for SRM purchases.