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).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. GeoDB (GEO) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Find GeoDB (GEO) Once your deposit has been verified, you will now have access to your funds and you can initiate buying and trading. To purchase GeoDB (GEO) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to find GeoDB (GEO), you will need to insert the cointype (GEO) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we have marked this also. Click on “GEO/BTC” to go on.
Step 4 – Buying GeoDB (GEO) After you've spotted GeoDB (GEO), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest price GeoDB (GEO) was sold for. You can change this to your desired price. The field with the “Amount” tag is the amount of GEO you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of GEO. When you're happy, click on “Buy GEO”. Your plan will be filled when a Seller sells their GEO for the price you introduced.
Step 5 – Withdraw GeoDB (GEO) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. In order to withdraw your GeoDB (GEO), go to the tab called “Funds” and mouse click on “Withdraw”. GeoDB (GEO) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate GeoDB (GEO) by using the provided drop-down box. Drop in the volumen of GeoDB (GEO) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.