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 Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. DAOstack (GEN) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have selected the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Follow our manual).
Step 3 – Locate DAOstack (GEN) As soon as your deposit has been confirmed, you'll directly have access to your finances and you can commence buying and trading. To purchase DAOstack (GEN) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To find DAOstack (GEN), you will need to put the shortname of the coin (GEN) into the search-box, which is highlighted in the image. Be certain of having choosen the right pairing, we've highlighted this also. Click on “GEN/BTC” to progress.
Step 4 – Acquisition of DAOstack (GEN) Once you have spotted DAOstack (GEN), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff DAOstack (GEN) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of GEN you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete amount of GEN. When you're satisfied, click on “Buy GEN”. Your plan will be filled when a Vender trades their GEN for the price you gave.
Step 5 – Withdraw DAOstack (GEN) Unless you're regularly trading, you should never keepyour coins on an Exchange for an extended time frame. In order to take off 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) Find DAOstack (GEN) by using the provided drop-down box. Drop in the volumen of DAOstack (GEN) you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are happy, click “Submit”. You could be asked for phone/email verification ahead of a take off.