A Step-by-Step-Guide on how to buy Digital Gold Token (GOLD)
Step 1 – Join Kraken In the beginning you'll need to purchase units of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and to get Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Digital Gold Token (GOLD) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find Digital Gold Token (GOLD) Once your deposit has been confirmed, you will instantly have access to your assets and you can begin purchasing and trading. To invest in Digital Gold Token (GOLD) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to find Digital Gold Token (GOLD), you will need to insert the cointype (GOLD) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we have marked this too. Click on “GOLD/BTC” to go ahead.
Step 4 – Acquisition of Digital Gold Token (GOLD) As soon as you have spotted Digital Gold Token (GOLD), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most latest valuation Digital Gold Token (GOLD) was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of GOLD you like to buy. The ”Total” field is the total price in Bitcoin that you will settle for the complete quantity of GOLD. If you are satisfied, click on “Buy GOLD”. Your plan will be filled when a Seller sells their GOLD for the price you submitted.
Step 5 – Withdraw Digital Gold Token (GOLD) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive period of time. In order to withdraw your Digital Gold Token (GOLD), go to the tab called “Funds” and click on “Withdraw”. Digital Gold Token (GOLD) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Digital Gold Token (GOLD) by using the given drop-down box. Enter the quantity of Digital Gold Token (GOLD) you'd wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you are happy, click “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.