A Step-by-Step-Guide on how to buy GeoDB (GEO)
Step 1 – Join CEX.io You'll first need to purchase units of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting Ethereum or Bitcoin.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) 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 alike. GeoDB (GEO) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find (GEO) GeoDB As soon as your deposit has been confirmed, you'll now have access to your funds and you can start buying and trading. To invest in (GEO) GeoDB on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. To spot (GEO) GeoDB, you'll need to put the shortname of the coin (GEO) into the search-box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this also. Click on “GEO/BTC” to go ahead.
Step 4 – Purchasing (GEO) GeoDB Once you have found (GEO) GeoDB, 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 are creating our own Limit Order. The ”Price” field will be automatically filled with the most latest price (GEO) GeoDB was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of GEO you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of GEO. If you are glad, click on “Buy GEO”. Your plan will be filled when a Seller trades their GEO for the price you gave.
Step 5 – Withdraw (GEO) GeoDB Unless you are trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your (GEO) GeoDB, hover over the ”Funds” tab and click on “Withdraw”. (GEO) GeoDB can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (GEO) GeoDB by using the provided drop-down box. Drop in the amount of (GEO) GeoDB you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.