The Serum protocol is a Defi project built on the Solana blockchain. The project exists to provide the essential services of a centralized trading platform. Namely – fast transactions and fund management, but without the shortcomings of a CEX. 

On this page, we will explore how to buy Serum, the risks involved, and why you may want to delve into the project. After you finish reading this guide, you’ll be able to buy Serum from the comfort of your home with ease.

How to Buy Serum – Quickfire Walkthrough to Buy Serum In Less Than 10 Minutes 

If you are excited about buying into the Serum Protocol, then it’s likely that you will prefer a summarized guide. Well, Pancakeswap is an excellent decentralized exchange (DEX) that you can use to purchase Serum quickly and seamlessly. 

Subsequently, we will show you how to buy Serum in less than ten minutes. 

  • Step 1: Download Trust Wallet: Every cryptocurrency holder needs a wallet for storing their tokens. However, in this case, you can download Trust Wallet to both purchase and store your Serum. You can simply head over to your App or Google Play Store to download and install the wallet for free!
  • Step 2: Search For Serum: You can find Serum by typing it into the box at the upper right corner of your Trust Wallet. This will add Serum to your main Trust Wallet homepage.  
  • Step 3: Add Cryptocurrency Assets to Your Wallet: Your next step will be to deposit cryptocurrency tokens into your Trust, and there are two ways you can go about it. You can transfer digital tokens from another wallet or choose to buy them on Trust with your credit or debit card. 
  • Step 4: Connect to Pancakeswap: This is a fantastic DEX for buying Serum tokens, and you can easily access it by linking your Trust Wallet to it. All you have to do is select ‘DApps’ at the bottom of your Trust Wallet, choose Pancakeswap from the options, and connect. 
  • Step 5: Buy Serum: Now that you have some coins in your wallet, you can buy your tokens with ease. Locate the ‘Exchange’ tab which reveals the ‘From’ drop-down box. Now, you will have to choose the tokens you transferred or purchased earlier, alongside the number you want to use for the exchange. On the other side is a ‘To’ box, and it is here that you will choose Serum and the number of tokens you want to buy.

Finally, click on ‘Swap’ to complete your exchange, and your Serum tokens will reflect in your Trust Wallet within minutes!

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile. 

How to Buy Serum – Full Step-By-Step Walkthrough 

It will be relatively easy for veteran cryptocurrency traders to comprehend our quickfire guide on how to buy Serum. However, if you are new to cryptocurrency trading or decentralized exchanges, we will now make the process of how to buy Serum much more simplified for you. 

As such, in the subsequent sections, you will find an in-depth explanation of how to buy Serum tokens via Pancakeswap. 

Step 1: Download Trust Wallet 

As we established earlier, Pancakeswap is the most suitable DEX for buying Serum tokens. Interestingly, Trust Wallet supports the DEX. 

In addition, Binance, which is one of the largest cryptocurrency trading platforms globally, also supports Trust Wallet. So essentially, you will be using a well-rated wallet to store your Serum tokens, and you can simply download it on your iOS or Android device.

Trust Wallet is pretty easy to install and set up. While choosing a password, ensure that it is strong and memorable, as it is one of the barricades between your Serum tokens and cryptocurrency hackers. 

Trust Wallet will also display a 12-word seed phrase for retrieving your wallet in case you cannot remember your password. Again, it will be best to write the words on paper and store them somewhere with restricted access. 

Step 2: Add Cryptocurrency Assets to Your Wallet 

You will have to put some digital assets in your Trust Wallet before you can exchange cryptocurrency tokens. The process is a seamless one that can be completed in minutes. 

Transfer From Another Wallet 

If you have digital currencies in another wallet, you can simply send some to your Trust and seamlessly buy your Serum tokens.

It’s a simple process that you can finish in less than ten minutes. 

  • Open your Trust Wallet and locate the ‘Receive’ tab. 
  • Trust Wallet will provide a unique wallet address that you may copy to avoid mistakes. 
  • Next, open your other wallet and locate the ‘Send’ tab. 
  • Paste the wallet address you copied earlier, choose the digital token and amount you intend to send. 

Finally, complete the transaction and await your tokens in less than 20 minutes. 

Buy Cryptocurrency With Your Credit or Debit Card 

Alternatively, you may be new to cryptocurrency, which means you likely do not own any coins yet. Well, you can easily buy some with your credit or debit card by following this short guide:

  • First, complete Trust Wallet’s essential Know Your Customer (KYC) process. Here, you will have to fill in some personal details and present a government-issued identification card. This can be your passport or driver’s license. 
  • Then, locate the ‘Buy’ icon and choose a popular cryptocurrency from the diverse options available. For example, you can opt for BNB, ETH, or Bitcoin. 
  • Next, choose the number of tokens you want to buy, and provide your card details where they are required. 
  • Finally, you may complete the exchange, and your tokens will reflect in seconds. 

Step 3: How to Buy Serum Tokens Through Pancakeswap 

Now that you have some cryptocurrency tokens in your Trust Wallet, you can buy Serum via Pancakeswap. 

  • Locate ‘DEX’ on your Trust Wallet and subsequently choose ‘Swap.’
  • It will present a ‘You Pay’ icon, and you can choose the cryptocurrency coins you just transferred or bought and the number of tokens for the exchange. 
  • On the other side is a ‘You Get’ tab, and you may choose Serum from the list of cryptocurrencies Pancakeswap presents to you. Then, select the number of tokens you want. 

Finally, you can confirm the trade and expect your Serum tokens in your Trust Wallet in minutes. 

Step 4: How to Sell Your Serum Tokens

In cryptocurrency trading, it simply is not enough to learn how to buy tokens. You also need to know how to sell them, as this is the major way you can realize to your financial returns. 

The process of selling Serum tokens is just as easy as learning how to buy them, and you can opt for one of the two established methods. 

  • You can use Pancakeswap to exchange the Serum tokens for another Defi coin. It is the same process as buying, but you will have to choose Serum tokens in the ‘You Pay’ section and your new cryptocurrency in the ‘You Get’ tab. 
  • Alternatively, you may choose to sell them for fiat money instead. However, you will have to move the tokens to a centralized trading platform like Binance and then complete a KYC process. 

Where Can You Buy Serum Tokens Online?

Serum has a maximum of 10 billion tokens in circulation, which is huge. This means that you will readily find a platform to buy some. However, it is best to use a decentralized exchange or DEX like Pancakeswap to buy Serum, which is a Defi token.

We’ll show you several reasons why. 

Pancakeswap – Buy Serum Tokens Via a Decentralized Exchange

Serum is a Defi coin, which makes a DEX like Pancakeswap perfect for purchasing its tokens. The essence of decentralized finance is to eliminate the need for an intermediary on your trades, and Pancakeswap is a platform that upholds that. Additionally, even though Pancakeswap was only launched in 2020, it is fast becoming one of the top DEX’s because of its many perks. 

For instance, Pancakeswap provides you with a ton of money-making options through staking and farming. You can use your idle Serum coins to earn rewards because they contribute to the platform’s liquidity pool. Pancakeswap is also perfect for you if you are looking to diversify your portfolio. Over five hundred different Defi coins are all available to you at the click of a button. 

With Pancakeswap, you also stand a chance to participate in lottery and prediction games. These are some of Pancakeswap’s many earning opportunities that do not require you to sell your Serum tokens. If you also want to sell your Serum, there is sufficient liquidity for that. It doesn’t matter if your coins are major or minor; there is always adequate liquidity on the DEX. 

One major problem with most cryptocurrency exchange platforms is the delay in executing transactions. This can be an issue, because you might end up missing out on a favorable target price you have set to enter the market. Well, with Pancakeswap, that’s avoidable, as the DEX executes transactions within record time while charging low transaction fees. 

Pros:

  • Exchange digital currencies in a decentralized manner
  • No requirement to use a third party when buying and selling cryptocurrency
  • Supports a sizable number of digital tokens
  • Allows you to earn interest on your idle digital assets
  • Sufficient levels of liquidity – even on smaller tokens
  • Prediction and lottery games


Cons:

  • Might appear daunting at first glance for newbies
  • Does not support fiat payments directly

Ways to Buy Serum Tokens

Fundamentally, there are two ways to buy Serum tokens, and they are both straightforward, even for cryptocurrency beginners. 

Buy Serum With a Credit/Debit Card 

Trust Wallet makes it possible and easy for you to buy your Serum tokens with a credit/debit card. However, you must complete its KYC process first because it does not permit anonymous fiat currency trades. 

Once you have completed the KYC process, you can then type in your card details where necessary to buy your base cryptocurrency. Then, you can connect your Trust Wallet to Pancakeswap and exchange the tokens you purchased for Serum. 

Buy Serum With Cryptocurrency 

On the other hand, if you have cryptocurrency in another wallet, you can transfer some to your Trust. Then, you can connect Trust Wallet to Pancakeswap and swap the tokens for Serum. 

Should I Buy Serum?

If you are looking to invest in Serum, you will be curious about the reasons that make the coin a worthy investment. The best place to get this information is online through cryptocurrency news that involves Serum. 

While you are researching reasons the asset might make a great buy, we will inform you about some features that may help you with your decision. Considering these factors is a great way to gain more knowledge about the digital asset.

Low Price

Serum has a low price of about $4 as of early August, which is the time of writing. This may seem quite low, but it appears perfect because that makes it a good time to enter the market. A common cryptocurrency trading principle that most holders practice is to buy low and sell high.

With Serum, that is very much possible, as the token is still in its early price stages and may soar higher in the long run. If you’re convinced the project will bring you an impressive ROI, a price of $4 might be that entry point you need, subject to your research.

Decentralized Orderbook 

An order book found at cryptocurrency exchanges is the formal way of bringing buyers and sellers together.

  • The Serum protocol has created an order book similar to that of a centralized financial institution but with better services.
  • This is because the protocol runs on a smart contract that provides flexibility for buyers and sellers alike. 
  • Simply put, if you want to buy Serum, you have complete control over your purchase in terms of the size of your order and its price.
  • This decentralized order book also helps to strengthen the project’s community.

So, if you care about the quality of a token’s community, this might be a consideration for you.

Growth Trajectory 

Even though Serum may appear to have a low price, the asset has an impressive growth trajectory. Serum has an all-time high of $12.89 - which it breached on 03 May 2021. On the other hand, it hit its all-time low of $0.11 on 11 August 2021. 

If you had purchased some Serum tokens when it was at its lowest price, you would have enjoyed an increase of over 4,000% when the coin reached its all-time high.

Discounted Trading Fees

If you decide to buy Serum, then you have the opportunity to benefit from competitive trading commissions. 

  • This is because the Serum protocol offers all its holders a whopping discount of half the price for transactions.
  • That means that for every transaction you enter as a Serum holder, you get 50% off. 
  • Essentially, this means that you will end up paying a tiny fee if you trade with Pancakeswap.
  • Discounts of this nature may offer you the avenue of entering numerous trades and buying large amounts of assets. 

However, don’t stop your research here, as you should endeavor to read more about the project and its terms.

Serum Price Prediction

Many enthusiasts assume that price predictions are a way to mitigate potential losses in cryptocurrency. Unfortunately, the predictions are seldom correct, and as such, it will be best not to base your Serum buying decision on them.

Instead, consider the long-term benefits the project has to offer and know this through excellent research on the project. 

Risk of Buying Serum Tokens 

Every financial decision involves a level of risk, and this also applies to cryptocurrency investments like Serum. Volatility is one of the irreplaceable features of digital currencies. As such, it will be best to purchase a token like Serum only after you have understood what the project stands for. 

You can also mitigate the risk of a failed investment by diversifying your portfolio and buying Serum at regular but small intervals. Leveraging these approaches might be an effective way to hedge your Serum investment risks.

Best Serum Wallets

Choosing the right wallet for your Serum tokens is equally important as that is the only way to protect them from hackers. There are essential features to look out for when choosing a wallet, and we have considered them all in selecting the most suitable ones for Serum. 

Without further ado, these are the best options for storing Serum in 2021. 

Trust Wallet - Overall Best Wallet for Serum 

Trust Wallet is perfect for storing Serum for both cryptocurrency newbies and veterans because of its convenience and ease of use. The wallet is also very secure and has diverse cryptocurrency trading options for you.

It is excellent wallet if you want to diversify your portfolio or enjoy versatility by switching between a centralized and decentralized exchange platform. To top this off, the wallet ensures the absolute safety of your Serum coins. 

Coinomi - Best Serum Wallet for Security 

Coinomi is a great hardware wallet that stores your private keys offline. You are the only one with access to it, and it requires you to enter your PIN every time you want to log in. The wallet was launched in 2014 and has never been hacked, which means your Serum tokens are in one of the safest hands with Coinomi.

Lumi Wallet - Best Serum Wallet for Convenience 

If you are in the market for convenience, then you may choose Lumi Wallet. It accommodates over a thousand different digital tokens, meaning that it facilitates easy diversification.

You can securely store your Serum tokens and any other coins you hold. Additionally, you can download the wallet on your iOS or Android phone without paying a dime. 

Bottom Line - How to Buy Serum 

Now that you have learned how to buy Serum in five easy steps, you can simply head to your App or Google Play Store to begin the seamless process. Remember, it’s just a matter of downloading Trust Wallet and connecting it to Pancakeswap. 

When you run this process over time, you’ll soon become a Defi coin trading expert. Whether you’re a newbie or an experienced trader, we have tailored this guide to offer you what you need to know on how to buy Serum online.

Buy Serum Now via Pancakeswap

 

 

Always consider the risks involved when buying cryptocurrencies. Digital assets are highly speculative and volatile.

FAQs

How much is Serum?

The price of one Serum hovers between $4 and $5 as at the time of writing in August 2021.

Is Serum a good buy?

This question is best answered based on your investment plan and depending on whether you have short or long-term goals. Therefore, the best way to know this is by researching thoroughly before investing in the coin.

What is the minimum Serum tokens you can buy?

Typically, you can buy cryptocurrencies in almost any amount. The nature of these assets makes it possible to buy even a fraction of one Serum token. Simultaneously, you can also buy in large volumes. It all depends on your purchasing capacity and desire.

What is the Serum all-time high?

On 03 May 2021, Serum breached its all-time high of $12.89.

How do you buy Serum tokens using a debit card?

The process of buying Serum with a debit/credit card is a straightforward one. Get Trust Wallet, set it up, and perform the KYC process. Then, you can input your card details for the cryptocurrency you want to buy, connect to Pancakeswap, and purchase Serum.

How many Serum tokens are there?

There is a maximum supply of 10 billion Serum tokens, but just 50 million of that is in circulation as of mid-2021.