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 Funds to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. GeoDB (GEO) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Find GeoDB (GEO) Once your deposit has been confirmed, you'll directly have access to your funds and you can begin buying and trading. To purchase GeoDB (GEO) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate GeoDB (GEO), you'll need to insert the shortname of the coin (GEO) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've marked this also. Click on “GEO/BTC” to go on.
Step 4 – Buy GeoDB (GEO) After you have found GeoDB (GEO), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent rate GeoDB (GEO) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of GEO you wish to buy. The ”Total” field is the total price in BTC that you'll settle for the complete amount of GEO. If you're satisfied, make a mouse click on “Buy GEO”. Your order will be filled when a Vender trades their GEO for the price you offered.
Step 5 – Withdraw GeoDB (GEO) Unless you're frequently trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. In order to take off your GeoDB (GEO), go to the tab called “Funds” and mouse click on “Withdraw”. GeoDB (GEO) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find GeoDB (GEO) by using the given drop-down box. Drop in the amount of GeoDB (GEO) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.