A Step-by-Step-Guide on 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 – Transfer Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Gas (GAS) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Gas (GAS) As soon as your deposit has been affirmed, you'll directly have access to your finances and you can commence invest and trading. To invest in Gas (GAS) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To locate Gas (GAS), you will need to insert the cointype (GAS) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we've marked this also. Click on “GAS/BTC” to continue.
Step 4 – Buy Gas (GAS) After you have found Gas (GAS), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent price Gas (GAS) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of GAS you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole quantity of GAS. When you are glad, make a mouse click on “Buy GAS”. Your order will be filled when a Vendor trades their GAS for the price you offered.
Step 5 – Withdraw Gas (GAS) Unless you are regularly trading, never keep your crypto coins on an Crypto Exchange for an longer time frame. In order to take off your Gas (GAS), hover over the ”Funds” tab and 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. Put into the amount of Gas (GAS) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a take off.