Where to buy SOMM?
Sommelier is not a well-known cryptocurrency and the possibility of buying it is very limited, but you can buy it on Osmosis.
76% of retail investor accounts lose money when trading CFDs with this provider.
How to save money when buying SOMM?
According to the information available to us, you cannot buy Sommelier directly with fiat (EUR, USD, etc.), but you have to buy it with another cryptocurrency. Altcoins are mostly bought with BTC, ETH, BNB or USDT.
Even though Sommelier, according to the information available to us, cannot be bought with BTC, ETH or BNB, it is often more money-wise to exchange fiat to BTC at Etoro and then exchange BTC to the cryptocurrency you later buy SOMM with.
The problem is that if you want to deposit money on most cryptocurrency exchanges using a credit card, you will have to pay a considerable transaction fee. For instance, one of the most famous cryptocurrency exchanges Binance, charges the credit card deposit fee 3.5% per transaction or 10 USD, whichever is higher.
However, we know how to avoid this fee. The solution is simple. Don't put fiat on the exchange.
BTC, ETH or BNB can also be exchanged at Etoro, where credit card deposits are free.
Even though Etoro broker is primarily known globally as a platform for copy trading, CFD and stock trading, it also allows you to buy real cryptocurrencies, which you can then transfer to your crypto wallet and crypto exchange.
76% of retail investor accounts lose money when trading CFDs with this provider.
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Spread comparison on individual cryptocurrency exchanges
| Crypto exchange | Cryptocurrency pair | Spread |
|---|---|---|
| Osmosis | SOMM/OSMO | 0.602739% |