A Step-by-Step-Guide on how to buy Gridcoin (GRC)
Step 1 – Signup to Kraken You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Gridcoin (GRC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Gridcoin (GRC) As soon as your deposit has been verified, you'll immediately have access to your funds and you can initiate buying and trading. To purchase Gridcoin (GRC) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To locate Gridcoin (GRC), you'll need to put the cointype (GRC) into the search-box, which is marked in the picture. Make sure you have selected the correct grouping, we have marked this also. Click on “GRC/BTC” to continue.
Step 4 – Purchase Gridcoin (GRC) After you've spotted Gridcoin (GRC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are making our Limit Order. The ”Price” field will be automatically filled with the recent price Gridcoin (GRC) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of GRC you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of GRC. When you're glad, make a mouse click on “Buy GRC”. Your order will be filled as soon as a Seller sells their GRC for the price you offered.
Step 5 – Withdraw Gridcoin (GRC) Unless you're trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. In order to withdraw your Gridcoin (GRC), hover over the tab called “Funds” and click on “Withdraw”. Gridcoin (GRC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Gridcoin (GRC) by using the given drop-down box. Drop in the amount of Gridcoin (GRC) you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be requested for verfication via email/phone before a withdrawal.