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 – Send Your Funds to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. 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 Exchange? (Just follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find GeoDB (GEO)

Once your deposit has been verified, you'll immediately have access to your funds and you can begin buying and trading. To invest in GeoDB (GEO) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to locate GeoDB (GEO), you will need to insert the short name of the asset (GEO) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we have highlighted this too. Click on “GEO/BTC” to go ahead.

Step 4 – Purchase GeoDB (GEO)

After you've discovered GeoDB (GEO), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order.

The ”Price” field will be filled with the most recent price GeoDB (GEO) was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of GEO you want to buy. The field with the “Total” tag is the total price in BTC that you will pay for the complete volumen of GEO.

If you are glad, make a mouse click on “Buy GEO”. Your plan will be filled when a Vender trades their GEO for the price you offered.

Step 5 – Withdraw GeoDB (GEO)

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an longer time period. To withdraw your GeoDB (GEO), go to the tab called “Funds” and click on “Withdraw”. GeoDB (GEO) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate GeoDB (GEO) by using the provided drop-down box. Enter the volumen of GeoDB (GEO) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address.

When you are happy, click on “Submit”. You could be requested for verfication via phone/email before a take off.