How to Buy DAOstack (GEN)

A Step-by-Step-Guide on how to buy DAOstack (GEN)

Step 1 – Join Kraken

You'll first need to buy units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and to get Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. DAOstack (GEN) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've chosen the right coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate DAOstack (GEN)

Once your deposit has been approved, you will immediately have access to your finances and you can launch buying and trading. To buy DAOstack (GEN) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”.

To discover DAOstack (GEN), you will need to put the cointype (GEN) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “GEN/BTC” to advance.

Binance Hot To Buy DAOstack (GEN)
Binance How to Buy (GEN) DAOstack
Step 4 – Purchase DAOstack (GEN)

After you have located DAOstack (GEN), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most latest valuation DAOstack (GEN) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of GEN you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete amount of GEN.

If you are happy, click on “Buy GEN”. Your plan will be filled when a Seller trades their GEN for the price you introduced.

Step 5 – Withdraw DAOstack (GEN)

Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to take off your DAOstack (GEN), hover over the tab called “Funds” and mouse click on “Withdraw”. DAOstack (GEN) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find DAOstack (GEN) by using the given drop-down box. Drop in the quantity of DAOstack (GEN) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and stored DAOstack (GEN).

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (GEN) DAOstack is safe inside your wallet, you are all done.
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