How to Buy GeoDB (GEO)

A Step-by-Step-Guide on how to buy GeoDB (GEO)

Step 1 – Signup to Kraken

You will first need to buy units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. GeoDB (GEO) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have selected the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find GeoDB (GEO)

Once your deposit has been approved, you'll instantly have access to your finances and you can start purchasing and trading. To invest in GeoDB (GEO) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

In order to find GeoDB (GEO), you'll need to put the cointype (GEO) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we've marked this too. Click on “GEO/BTC” to go on.

Binance Hot To Buy GeoDB (GEO)
Binance How to Buy (GEO) GeoDB
Step 4 – Buying GeoDB (GEO)

After you have found GeoDB (GEO), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). For now we're making our own Limit Order.

The ”Price” field will be automatically filled with the most latest price GeoDB (GEO) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of GEO you like to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete volumen of GEO.

When you are glad, make a mouse click on “Buy GEO”. Your plan will be filled when a Vender sells their GEO for the price you submitted.

Step 5 – Withdraw GeoDB (GEO)

Unless you're regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive period of time. In order to withdraw your GeoDB (GEO), hover over the ”Funds” tab and mouse click on “Withdraw”. GeoDB (GEO) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate GeoDB (GEO) by using the provided drop-down box. Drop in the quantity of GeoDB (GEO) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Binance Withdraw

Congrats! You have successfully purchased and safed GeoDB (GEO).

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (GEO) GeoDB is safe in your wallet, you're done.
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