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.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. DAOstack (GEN) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate DAOstack (GEN) Once your deposit has been approved, you'll instantly have access to your finances and you can begin invest and trading. To invest in DAOstack (GEN) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. In order to locate DAOstack (GEN), you'll need to put the cointype (GEN) into the search box, which is highlighted in the image. Make sure you have selected the right grouping, we've marked this too. Click on “GEN/BTC” to go ahead.
Step 4 – Acquisition of DAOstack (GEN) Once you've located DAOstack (GEN), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our own Limit Order. The field with the “Price” tag will be filled with the most latest tariff DAOstack (GEN) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of GEN you want to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete quantity of GEN. If you're happy, click on “Buy GEN”. Your order will be filled as soon as a Seller trades their GEN for the price you gave.
Step 5 – Withdraw DAOstack (GEN) Unless you're frequently trading, you should never keepyour coins on an Exchange for an longer time period. To withdraw your DAOstack (GEN), hover over the ”Funds” tab and click on “Withdraw”. DAOstack (GEN) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find DAOstack (GEN) by using the given drop-down box. Put into the volumen of DAOstack (GEN) you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.