In today’s guide, I am going to show you how to buy STMX (StormX). StormX has gained a lot of traction lately and might be a worthwhile investment for your Altcoin portfolio. In this guide, I am taking you through the process of buying STMX in the easiest and most cost-efficient way, as always.
What is StormX?
You probably have heard of things like Payback or Cashback? That is exactly what StormX does, but with Cryptocurrencies instead of FIAT. If you shop through their available shops, you can earn up to 87,5% depending on your StormX Reward Membership level. Once you have earned 10$ or more worth of Crypto, you can withdraw that to your preferred Crypto wallet.
They also have a lot of shops available already, among them are stores like Lazada, eBay, Samsung, Nike, Shopee, Lenovo, Uber, Microsoft, and many more.
It is a very interesting project that I personally pay close attention to in the future. There is also a STMX staking option available through their website.
With that out of the way, let’s dive right in.
Gladly, it is really easy to buy STMX. STMX is listed on Binance, our favorite and trusted exchange, so we just need to sign up for Binance, deposit some funds and we can buy STMX right away.
Step 1 – Opening a Binance account
Binance is my preferred exchange for a couple of years because of its ease of use. I also have a special link for you guys, if you sign up using my link, you enjoy Discounted Trading Fees on Binance, for life! On top of that, you support my blog. A win-win situation.
Head over to Binance and sign up. The process is straight-forward. Make sure to enable 2-Factor-Authentication using Google Authenticator! Very important to secure your account.
Before we can buy STMX, we need to allocate some funds to our Binance wallet.
Step 2 – Depositing funds on Binance
To avoid any high fees or coins that are subject to market volatility, we are going to use a stable-coin (USDT) to buy STMX. I always avoid doing trades using something like Bitcoin or ETH due to market volatility. You could 500$ worth of Bitcoin right now and it would only be worth 450$ within half an hour. We don’t want that.
Once you are fully signed up with Binance navigate to Buy Crypto from the top navigation and choose Credit/Debit Card (Or Bank Deposit if you want).
Once there, first choose USDT as your Coin. Then enter an amount of USD you want to deposit. USDT almost equals the value of the US Dollar, you can see the amount of USDT you get on point 4. Finally hit Buy USDT and fill in your Credit Card details. The USDT will be available in your wallet immediately.
Step 3 – Buy STMX (StormX) on Binance
Alright, now we are ready to buy STMX. Navigate to Trade -> Classic from the top navigation bar.
Don’t be alarmed by what you see if you have never traded before, I’ll guide you through!
On the search bar on the upper-right corner search for STMX. Click on the STMX/USDT trading pair.
Next, select Market above the Buy STMX window. The enter an amount of USDT you want to trade for STMX and click on Buy STMX. We select Market to buy STMX at the current market price, so you don’t need to deal with any Open Orders in case the price is not met.
And there you go, this is how to buy STMX on Binance with minimum fees!
Checking your STMX Balance
To check how much STMX you own, you can navigate to Wallet -> Fiat and Spot and you will see the amount of STMX you currently own.
To earn interest on your STMX, you can also stake it. This is possible through the StormX website.
As you can see, it is really easy to buy STMX on Binance. We avoid high fees and we aren’t subject to market volatility that way.
Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not financial advice. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses a considerable risk of loss. The speaker will not be held responsible for any losses or gains. Always do your own research and advise with a professional before making your own investments.