How to Buy Gas (GAS)

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and to get Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Gas (GAS) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have chosen the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate Gas (GAS)

Once your deposit has been verified, you'll instantly have access to your funds and you can launch buying and trading. To buy Gas (GAS) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot Gas (GAS), you'll need to insert the shortname of the coin (GAS) into the search box, which is marked in the image. Make sure you have selected the correct pairing, we have highlighted this too. Click on “GAS/BTC” to advance.

Step 4 – Purchasing Gas (GAS)

After you've discovered Gas (GAS), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). And now we're going to make our own Limit Order.

The ”Price” field will be filled with the most latest tariff Gas (GAS) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of GAS you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of GAS.

When you're glad, make a mouse click on “Buy GAS”. Your plan will be filled when a Vendor sells their GAS for the price you gave.

Step 5 – Withdraw Gas (GAS)

Unless you are regularly trading, best advise is not to keep crypto on an Exchange for an longer time frame. To take off your Gas (GAS), hover over the ”Funds” tab and mouse click on “Withdraw”. Gas (GAS) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Gas (GAS) by using the given drop-down box. Enter the quantity of Gas (GAS) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

When you are satisfied, click on “Submit”. You may be requested for verfication via phone/email before a take off.