How and Where to Buy Swarm (SWM) – Detailed Guide
- What is SWM?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade SWM
- Last Step: Store SWM securely in hardware wallets
- Other useful tools for trading SWM
- Frequently Asked Questions
- Latest News for SWM
- SWM Price Prediction and Price Movement
What is SWM?
About Swarm Information is the shared experience of humanity. The base layer of all social constructs. Today, most of the information and data that builds our digital society is privately controlled by a handful of players.
The world needs a system designed to store information in a decentralized way, a self-sustaining infrastructure that will emerge as the backbone of the next web, empowering digital freedom. A system to make Ethereum’s vision, the world computer, a reality.
Swarm’s mission is to become that system.
Swarm Key Highlights
Unstoppable features for unstoppable dApps Privacy preservation, communication and redundancy are built in to ensure availability and continued data delivery even when individual nodes go offline. Any data, any device. On demand.
Radical data ownership and management Data is split up into small chunks that are stored throughout the network without vulnerable central hubs. Operators cannot know what content is stored on their nodes while still being paid for storing.
Enabling zero-cost economics No central party controls the data or can monetize it. Instead of relying on intermediaries to ensure the availability and integrity of data, all node operators participate in enabling a fair data economy.
Swarm Technology Swarm is a system of peer-to-peer networked nodes that create a decentralized storage and communication service. The system is economically self-sustaining thanks to a built-in incentive system enforced through smart contracts on the Ethereum blockchain. The architecture makes the system resilient to connectivity issues, node churn, or targeted DDOS attacks, and enables a zero-downtime service.
About Bee Bee is a Swarm client implemented in Go. It’s the basic building block for the Swarm Network and the first client implementation. Bee provides high-level constructs for file storage, feeds, and key-value stores, while also providing low-level access to other applications and libraries that create Single Owner and Trojan chunks on the client side.
About The Book of Swarm The Book of Swarm is the technical paper describing the vision and execution of Swarm. It represents more than four years of intensive research and is the basis for the software implementation.
CoinList may in its sole and absolute discretion adjust the parameters of the CoinList website and/or access systems to prioritize access to the Swarm sale or the processing of token purchases for certain high-quality users with demonstrated histories of positively contributing to token networks or otherwise evidencing indicia of crypto-savvy future users of Swarm. Stay tuned for more information.
BZZ Economics About BZZ: The BZZ token is the native asset for the Swarm Network. It enables bandwidth and storage incentives. These incentives make sure node operators are aligned and motivated to run and maintain the network.
Following mainnet launch and token deployment and distribution, it is anticipated that a decentralized bonding curve vending machine, with minting and burning rights, will be available to allow interested persons to acquire BZZ for DAI or to sell BZZ for DAI.
Swarm Ecosystem Collaboration–first approach: Swarm’s credo is to shape the future towards a self-sovereign global society and permissionless open markets. Swarm's design principles cater to dApp developers, organizations, enterprises and activists irrespective of the blockchain they use. Low-hanging fruit are social media dApps, free press, archives, blockchain and DeFi data.
Fairdrive - gateway to the fair data economy Fairdrive is an open, censorship-resistant, secure file transfer service to truly decentralize any type of file. A cyber safe zone where users have full control over their data and their privacy, always. Open source and powered by Swarm.
Exclusive CoinList Waitlist Access Swarm is offering CoinList’s users early access to products. Join us and be amongst the first to use Swarm to decentralize information across the world. Use this code to sign up: COINLIST
SWM was first tradable on 7th Feb, 2018. It has a total supply of 99,535,052.4,739,791. As of right now SWM has a market capitalization of USD $4,868,983.99. The current price of SWM is $0.0489 and is ranked 1307 on Coinmarketcap and has recently surged 39.43 percent at the time of writing.
SWM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy SWM.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
But we are not done yet, since SWM is an altcoin we need to transfer our BTC to an exchange that SWM can be traded. Below is a list of exchanges that offers to trade SWM in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase SWM from the exchange view.
Last Step: Store SWM securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your SWM for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy SWM with cash?
There is no direct way to buy SWM with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy SWM in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy SWM or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Latest News for SWM
