A Step-by-Step-Guide on how to buy Gridcoin (GRC)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to purchase one of the bigger currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below to register and to get your first 10$.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Gridcoin (GRC) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find Gridcoin (GRC) As soon as your deposit has been confirmed, you will directly have access to your finances and you can initiate invest and trading. To buy Gridcoin (GRC) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate Gridcoin (GRC), you will need to insert the short name of the asset (GRC) 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 “GRC/BTC” to go on.
Step 4 – Acquisition of (GRC) Gridcoin As soon as you have located (GRC) Gridcoin, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff (GRC) Gridcoin was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of GRC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of GRC. When you're glad, make a mouse click on “Buy GRC”. Your plan will be filled as soon as a Vendor sells their GRC for the price you submitted.
Step 5 – Withdraw (GRC) Gridcoin Unless you are frequently trading, best advise is not to keep your coins on an Crypto Trader for an extended period of time. To withdraw your (GRC) Gridcoin, go to the ”Funds” tab and mouse click on “Withdraw”. (GRC) Gridcoin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (GRC) Gridcoin by using the given drop-down box. Drop in the quantity of (GRC) Gridcoin you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. When you are glad, click “Submit”. You could be asked for email/phone verification before a withdrawal.