A Step-by-Step-Guide on how to buy Grimcoin (GRIM)
Step 1 – Signup to CEX.io You will first need to purchase one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and receive BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Grimcoin (GRIM) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate Grimcoin (GRIM) As soon as your deposit has been verified, you'll now have access to your finances and you can start invest and trading. To purchase Grimcoin (GRIM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot Grimcoin (GRIM), you'll need to insert the shortname of the coin (GRIM) into the search-box, which is marked in the image. Make sure you have choosen the correct grouping, we've marked this too. Click on “GRIM/BTC” to go on.
Step 4 – Acquisition of Grimcoin (GRIM) After you have spotted Grimcoin (GRIM), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent price Grimcoin (GRIM) was sold for. This can be changed to your desired rate. The ”Amount” field is the amount of GRIM you wish to buy. The ”Total” field is the whole price in BTC that you'll settle for the whole amount of GRIM. When you are satisfied, click on “Buy GRIM”. Your order will be filled as soon as a Seller trades their GRIM for the price you submitted.
Step 5 – Withdraw (GRIM) Grimcoin Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. In order to withdraw your (GRIM) Grimcoin, go to the ”Funds” tab and click on “Withdraw”. (GRIM) Grimcoin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (GRIM) Grimcoin by using the given drop-down box. Put into the quantity of (GRIM) Grimcoin you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You could be requested for verfication via email/phone before a take off.