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 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. GeoDB (GEO) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

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

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find GeoDB (GEO)

Once your deposit has been confirmed, you will directly have access to your funds and you can initiate buying and trading. To purchase GeoDB (GEO) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”.

In order to find GeoDB (GEO), you'll need to put the short name of the asset (GEO) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have marked this too. Click on “GEO/BTC” to proceed.

Step 4 – Buying GeoDB (GEO)

As soon as you've spotted GeoDB (GEO), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate GeoDB (GEO) was traded for. You can change this to your favoured rate. The ”Amount” field is the quantity of GEO you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole volumen of GEO.

If you're happy, make a mouse click on “Buy GEO”. Your plan will be filled as soon as a Seller trades their GEO for the price you submitted.

Step 5 – Withdraw GeoDB (GEO)

Unless you are regularly trading, never keep your crypto coins on an Crypto Exchange for an longer period of time. To take off your GeoDB (GEO), hover over the tab called “Funds” and mouse click on “Withdraw”. GeoDB (GEO) can be securely stored 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 wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you are happy, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.