A Step-by-Step-Guide on how to buy Geocoin (GEO)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and getting your welcome 10$.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Geocoin (GEO) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find Geocoin (GEO) Once your deposit has been affirmed, you'll immediately have access to your funds and you can initiate buying and trading. To buy Geocoin (GEO) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to find Geocoin (GEO), you'll need to put the cointype (GEO) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we have highlighted this too. Click on “GEO/BTC” to advance.
Step 4 – Acquisition of Geocoin (GEO) Once you've found Geocoin (GEO), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price Geocoin (GEO) was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of GEO you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole volumen of GEO. When you are glad, click on “Buy GEO”. Your plan will be filled when a Vendor sells their GEO for the price you submitted.
Step 5 – Withdraw (GEO) Geocoin Unless you are trading, never keep your crypto on an Exchange for an extended time period. To take off your (GEO) Geocoin, hover over the ”Funds” tab and click on “Withdraw”. (GEO) Geocoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (GEO) Geocoin by using the given drop-down box. Put into the amount of (GEO) Geocoin you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. When you are happy, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.