A Step-by-Step-Guide on how to buy Genesis Network (GENX)
Step 1 – Join Kraken In the beginning you'll need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Genesis Network (GENX) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Genesis Network (GENX) As soon as your deposit has been verified, you'll now have access to your finances and you can launch buying and trading. To purchase Genesis Network (GENX) on Binance, you'll want to go to the ”Exchange” tab and then click on “Basic”. To discover Genesis Network (GENX), you'll need to insert the cointype (GENX) into the search-box, which is marked in the picture. Be certain of having choosen the correct pairing, we've marked this also. Click on “GENX/BTC” to continue.
Step 4 – Buying Genesis Network (GENX) Once you've found Genesis Network (GENX), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate Genesis Network (GENX) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of GENX you wish to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the whole amount of GENX. If you're glad, make a mouse click on “Buy GENX”. Your plan will be filled as soon as a Seller sells their GENX for the price you introduced.
Step 5 – Withdraw Genesis Network (GENX) Unless you are regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time frame. To withdraw your Genesis Network (GENX), hover over the tab called “Funds” and click on “Withdraw”. Genesis Network (GENX) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Genesis Network (GENX) by using the provided drop-down box. Enter the volumen of Genesis Network (GENX) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.