How to Buy GoByte (GBX)

A Step-by-Step-Guide on how to buy GoByte (GBX)

Step 1 – Join Kraken

In the beginning you'll need to buy units of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and to get ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. GoByte (GBX) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate GoByte (GBX)

As soon as your deposit has been approved, you'll instantly have access to your assets and you can start invest and trading. To invest in GoByte (GBX) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate GoByte (GBX), you'll need to insert the cointype (GBX) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we've marked this also. Click on “GBX/BTC” to go on.

Binance Hot To Buy GoByte (GBX)
Binance How to Buy (GBX) GoByte
Step 4 – Purchase GoByte (GBX)

After you have found GoByte (GBX), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're creating our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date price GoByte (GBX) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of GBX you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of GBX.

If you're satisfied, make a mouse click on “Buy GBX”. Your plan will be filled when a Vendor sells their GBX for the price you offered.

Step 5 – Withdraw GoByte (GBX)

Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an longer time frame. To withdraw your GoByte (GBX), hover over the ”Funds” tab and mouse click on “Withdraw”. GoByte (GBX) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate GoByte (GBX) by using the given drop-down box. Enter the quantity of GoByte (GBX) you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

When you're glad, click on “Submit”. You may be asked for phone/email verification ahead of a withdrawal.

Binance Withdraw

Congrats! You have successfully purchased and stored GoByte (GBX).

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (GBX) GoByte is safe inside your wallet, you are all done.

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