A Step-by-Step-Guide on how to buy Obyte (GBYTE)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and receive your first 10$.
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Obyte (GBYTE) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (GBYTE) Obyte As soon as your deposit has been confirmed, you'll now have access to your funds and you can start purchasing and trading. To buy (GBYTE) Obyte on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To locate (GBYTE) Obyte, you'll need to put the cointype (GBYTE) into the search box, which is marked in the image. Make sure you have selected the right pairing, we've marked this too. Click on “GBYTE/BTC” to go on.
Step 4 – Buy (GBYTE) Obyte After you've located (GBYTE) Obyte, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are making our Limit Order. The ”Price” field will be automatically filled with the most recent rate (GBYTE) Obyte was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of GBYTE you like to buy. The ”Total” field is the aggregated price in BTC that you'll pay for the complete quantity of GBYTE. When you are satisfied, make a mouse click on “Buy GBYTE”. Your order will be filled when a Vendor trades their GBYTE for the price you offered.
Step 5 – Withdraw Obyte (GBYTE) Unless you're trading, never keep your crypto on an Exchange for an extensive time frame. To take off your Obyte (GBYTE), hover over the tab called “Funds” and mouse click on “Withdraw”. Obyte (GBYTE) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Obyte (GBYTE) by using the provided drop-down box. Drop in the volumen of Obyte (GBYTE) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, click on “Submit”. You could be asked for verfication via phone/email before a take off.