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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Genesis Network (GENX) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have selected the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Genesis Network (GENX) Once your deposit has been approved, you will directly have access to your finances and you can initiate buying and trading. To invest in Genesis Network (GENX) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to find Genesis Network (GENX), you'll need to put the shortname of the coin (GENX) into the search box, which is marked in the image. Make sure you have selected the correct grouping, we've highlighted this also. Click on “GENX/BTC” to go on.
Step 4 – Acquisition of Genesis Network (GENX) After you have spotted Genesis Network (GENX), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest valuation Genesis Network (GENX) was traded for. You can change this to your desired price. The ”Amount” field is the amount of GENX you like to purchase. The field with the “Total” tag is the total price in BTC that you'll pay for the whole amount of GENX. If you're satisfied, click on “Buy GENX”. Your order will be filled as soon as a Vendor trades their GENX for the price you offered.
Step 5 – Withdraw Genesis Network (GENX) Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive period of time. To take off your Genesis Network (GENX), go to the ”Funds” tab and mouse click on “Withdraw”. Genesis Network (GENX) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Genesis Network (GENX) by using the given drop-down box. Drop in the amount of Genesis Network (GENX) you would wish to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, click “Submit”. You may be requested for verfication via email/phone before a take off.