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 Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. GeoDB (GEO) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

Make sure you've chosen the correct coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Locate GeoDB (GEO)

As soon as your deposit has been confirmed, you will directly have access to your assets and you can start purchasing 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 spot GeoDB (GEO), you'll need to put the short name of the asset (GEO) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we've marked this also. Click on “GEO/BTC” to progress.

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

After you have found GeoDB (GEO), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order.

The ”Price” field will be filled automatically with the most latest valuation GeoDB (GEO) was sold for. This can be changed to your preferred price. The ”Amount” field is the volumen of GEO you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole quantity of GEO.

When you are satisfied, make a mouse click on “Buy GEO”. Your plan will be filled as soon as a Seller trades their GEO for the price you introduced.

Step 5 – Withdraw GeoDB (GEO)

Unless you're frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your GeoDB (GEO), go to the tab called “Funds” and click on “Withdraw”. GeoDB (GEO) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find 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 displayed fees/minimums. Also make sure you have entered your precise withdraw address.

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

Binance Withdraw

Congratulations! You've successfully bought and safed GeoDB (GEO).

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off using Etherscan.io or Ethplorer.io and the (GEO) GeoDB is safe within your wallet, you're all done.
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