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 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. DAOstack (GEN) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you've selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find DAOstack (GEN)

As soon as your deposit has been verified, you will now have access to your funds and you can launch purchasing and trading. To invest in DAOstack (GEN) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

In order to find DAOstack (GEN), you will need to insert the shortname of the coin (GEN) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we've highlighted this too. Click on “GEN/BTC” to go ahead.

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

After you've spotted DAOstack (GEN), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our Limit Order.

The field with the “Price” tag will be filled with the most recent price DAOstack (GEN) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of GEN you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete volumen of GEN.

When you are satisfied, click on “Buy GEN”. Your order will be filled when a Vendor sells their GEN for the price you introduced.

Step 5 – Withdraw DAOstack (GEN)

Unless you're frequently trading, never keep your crypto coins on an Crypto Exchange for an extensive time period. To withdraw your DAOstack (GEN), hover over the tab called “Funds” and mouse click on “Withdraw”. DAOstack (GEN) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DAOstack (GEN) by using the provided drop-down box. Drop in the volumen of DAOstack (GEN) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.

Binance Withdraw

Kudos! You have successfully bought and stored DAOstack (GEN).

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (GEN) DAOstack is stored within your wallet, you're all done.

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