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 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Gridcoin (GRC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Gridcoin (GRC) As soon as your deposit has been approved, you'll instantly have access to your funds and you can begin invest and trading. To purchase Gridcoin (GRC) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. In order to spot Gridcoin (GRC), you will need to insert the short name of the asset (GRC) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we've marked this too. Click on “GRC/BTC” to continue.
Step 4 – Buy Gridcoin (GRC) Once you've located Gridcoin (GRC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be filled with the most recent valuation Gridcoin (GRC) was traded for. This can be changed to your desired rate. The ”Amount” field is the amount of GRC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will settle for the whole volumen of GRC. When you are satisfied, make a mouse click on “Buy GRC”. Your order will be filled as soon as a Vender sells their GRC for the price you introduced.
Step 5 – Withdraw Gridcoin (GRC) Unless you are regularly trading, you should never keepyour crypto on an Crypto Trader for an extended period of time. To withdraw your Gridcoin (GRC), hover over the ”Funds” tab and mouse click on “Withdraw”. Gridcoin (GRC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Gridcoin (GRC) by using the given drop-down box. Drop in the volumen of Gridcoin (GRC) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. If you're glad, click on “Submit”. You could be asked for phone/email verification before a take off.