How to buy and sell Verum Coin

To purchase Verum Coin (VRM), follow these steps: create a verified account on a reputable crypto exchange or peer-to-peer marketplace, deposit funds or crypto assets, and locate the VRM trading pair before placing your order.

Dec 17, 2024 at 03:33 am

Key Points:

• Choose a reputable crypto exchange or peer-to-peer marketplace
• Create and verify your account
• Deposit funds or crypto assets into your account
• Find the Verum Coin (VRM) trading pair
• Enter your desired order type (market, limit, or stop-loss)
• Submit your order
• Monitor the status of your order
• Complete the transaction by following the instructions provided by the exchange or marketplace

Step-by-Step Guide:

1. Create and Verify Your Account:

• Choose a platform that offers VRM trading and meets your security and regulatory requirements.
• Complete the account creation process by providing your personal information and submitting identification documents for verification.

2. Deposit Funds or Crypto Assets:

• Fund your account using supported payment methods, such as wire transfers, credit/debit cards, or cryptocurrencies.
• If you wish to use crypto assets for trading VRM, deposit them into your account's crypto wallet.

3. Find the Verum Coin Trading Pair:

• Once your account is funded, navigate to the exchange's trading interface.
• Find the trading pair for Verum Coin (VRM), which may be listed as VRM/USDT, VRM/BTC, or another supported asset.

4. Enter Your Order Type:

• Choose an order type that suits your trading strategy:

  • Market Order: Execute the order immediately at the current market price.
  • Limit Order: Execute the order when the price reaches a specified limit.
  • Stop-Loss Order: Place a sell order below the current market price to protect against substantial losses.

5. Specify Order Parameters:

• Enter the amount of VRM you want to buy or sell.
• Set the price you're willing to trade at or leave it blank for a market order.
• Customize advanced order parameters, such as time-in-force (duration of the order) and slippage tolerance, as desired.

6. Submit Your Order:

• Review the order details and ensure everything is correct.
• Click "Buy" or "Sell" to submit your order to the exchange's matching engine.

7. Monitor the Status of Your Order:

• Your order will appear in the "Open Orders" section.
• Track its status, including the order type, amount, price, and remaining quantity.
• If needed, you can cancel the order at any time before it's executed.

8. Complete the Transaction:

• Once your order is filled, the VRM will be credited or debited from your account accordingly.
• You can now withdraw or store your VRM in your preferred wallet or exchange account.

FAQs:

Q: What is the best exchange to buy Verum Coin?

A: The best exchange depends on your location, security preferences, and trading volume. Consider reputable platforms like Binance, Coinbase Pro, or Kraken.

Q: Can I buy Verum Coin with a credit card?

A: Yes, some exchanges allow you to buy VRM with credit or debit cards, but transaction fees may apply.

Q: What is the minimum amount of Verum Coin I can buy?

A: Minimum order sizes may vary across exchanges. Check individual exchange policies before placing an order.

Q: How do I store Verum Coin securely?

A: Store your VRM in a reputable hardware wallet or a software wallet provided by a trustworthy exchange.

Q: What are the transaction fees for buying and selling Verum Coin?

A: Transaction fees vary depending on the exchange, order type, and trading volume. Always check the fee structure before executing trades.