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) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. GeoDB (GEO) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find GeoDB (GEO)

As soon as your deposit has been confirmed, you'll now have access to your assets and you can commence buying and trading. To buy GeoDB (GEO) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To discover GeoDB (GEO), you'll need to insert the shortname of the coin (GEO) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this too. Click on “GEO/BTC” to advance.

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

After you've spotted GeoDB (GEO), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation GeoDB (GEO) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of GEO you want to buy. The ”Total” field is the aggregated price in BTC that you will settle for the whole volumen of GEO.

When you're happy, click on “Buy GEO”. Your plan will be filled as soon as a Vender trades their GEO for the price you introduced.

Step 5 – Withdraw GeoDB (GEO)

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

Locate GeoDB (GEO) by using the provided drop-down box. Put into the amount of GeoDB (GEO) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.

Binance Withdraw

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

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (GEO) GeoDB is safe within your wallet, you are all done.

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