Serum

How to buy Serum in Canada

Newton makes it fast and easy to buy, sell and hold 70+ cryptocurrencies in Canada.

What is Serum (srm)?

Serum is a decentralized exchange (DEX) operating on the Solana network. Serum was founded in conjunction by FTX, the Solana Foundation, and Alameda Research, and currently boasts a large team of experts working to further develop the project in the Serum Foundation. Serum (SRM) is a cryptocurrency token running natively on the Solana Network, and is also available as an ERC-20 token on the Ethereum blockchain.

Why Serum?

Serum (SRM) is the only exchange with an on-chain order book and trading engine, making the trading experience truly decentralized. Serum boasts that SRM holders are buying into a locked up seed sale intended for long-term support of the Serum ecosystem, rather than for a quick profit. They also promise reduced fees on the Serum exchange for SRM token holders, staking rewards, and specialized governance. As a utility token, users can save 50% on exchange fees.

Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.

Where do I buy Serum?

Direct Purchase

You can buy cryptocurrency online, or send and receive it directly from another individual in person or over the web.

Via a regulated Brokerage or Exchange

Many people find it easier to purchase Serum through a trading platorm like Newton.

Why Newton?

Newton offers a dead-simple way to buy and sell cryptocurrency in Canada at prices that most other platforms simply cannot afford to compete with.

Here's how to buy Serum in Canada

1

Sign-up in Canada for an account.

Create an account and add funds or choose an amount of your currency to trade.
2

Trade fiat or crypto for stablecoin.

Trade your chosen currency into a stablecoin.
3

Send to your desired exchange.

Find an exchange that offers srm, then transfer your crypto to that exchange.
4

Initiate purchase and you're done.

Go through the steps to purchase, and that's it.

Why use stablecoins when transferring to an exchange?

Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.

It's easy to get started

Buy & Sell Serum quickly on your phone or computer.

1

Create an account.

Provide some basic details about yourself to get verified. This process usually takes less than 5 minutes!

2

Fund your account.

Connect your bank account or utilize Interac e-Transfers to add or withdraw funds seamlessly.

3

Start buying.

You can start buying and selling crypto quickly and easily right away on your phone or on web browser.

Why you'll love trading Serum on Newton.

Newton is Canada's low-cost cryptocurrency trading platform with transparent prices and tight spreads. We offer high liquidity and institutional-grade third party custody for your digital assets.

Some of the best prices in Canada.

On average our prices are 0.5–0.7% above spot at volumes of up to 3 BTC. This makes our overall price 3x lower than a leading competitor who charges approximately 2.25% in spread + fees.

World-class security.

Newton uses machine learning to detect and prevent account takeover attempts, a common form of cryptocurrency fraud.

Low-cost and no-commissions.

Trading and funding your account is absolutely free. Transfer cryptocurrency to and from your account at no cost (we cover up to the first $5 in network fees).

Unique & functional design.

We take a first principles approach to design, resulting in an easy-to-use experience that is unlike any other exchange.

Works on any device.

Get started on your web browser, or download the Newton app for Android and iOS to take control of your crypto on-the-go.

Proudly Canadian.

We want cryptocurrency to be taken seriously, so we go above and beyond to make sure we're compliant with current and anticipated Canadian regulations.

Where do I keep my Serum?

After you've purchased crypto, the next step is to find the best way to secure it.

Wallets are often considered to offer some of the best security for your cryptocurrency. While you have the option of keeping your assets on Newton, Newton is primarily a low-fee cryptocurrency trading platform, and not a wallet service.

While we have institutional third-party custody to keep customers' digital assets safe, many individuals who buy cryptocurrency consider transferring a portion of holdings to external wallets for personal custody.

What can you do with Serum?

Explore a variety of uses, options and processes.

Fully on-chain

Limit-order based

Node staking

Serum

Start buying Serum in minutes.

Get started with as little as $10 CAD.
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Join the crypto platform thousands of Canadians trust.

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