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 Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. DAOstack (GEN) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find DAOstack (GEN) Once your deposit has been verified, you'll now have access to your funds and you can commence invest and trading. To invest in DAOstack (GEN) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. To discover DAOstack (GEN), you'll need to insert the shortname of the coin (GEN) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this also. Click on “GEN/BTC” to go on.
Step 4 – Buying DAOstack (GEN) After you've found DAOstack (GEN), you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate DAOstack (GEN) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of GEN you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole quantity of GEN. If you're glad, make a mouse click on “Buy GEN”. Your plan will be filled as soon as a Seller trades their GEN for the price you submitted.
Step 5 – Withdraw DAOstack (GEN) Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time frame. In order to withdraw your DAOstack (GEN), hover over the tab called “Funds” and click on “Withdraw”. DAOstack (GEN) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find DAOstack (GEN) by using the provided drop-down box. Put into the quantity of DAOstack (GEN) you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address. When you're happy, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.