A Step-by-Step-Guide on how to buy GSMcoin (GSM)
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your welcome $10.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. GSMcoin (GSM) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you've selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find GSMcoin (GSM) As soon as your deposit has been verified, you will immediately have access to your finances and you can commence invest and trading. To purchase GSMcoin (GSM) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find GSMcoin (GSM), you will need to insert the short name of the asset (GSM) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we have marked this also. Click on “GSM/BTC” to advance.
Step 4 – Purchase (GSM) GSMcoin After you have located (GSM) GSMcoin, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price (GSM) GSMcoin was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of GSM you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of GSM. If you're glad, make a mouse click on “Buy GSM”. Your plan will be filled when a Vender sells their GSM for the price you gave.
Step 5 – Withdraw (GSM) GSMcoin Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (GSM) GSMcoin, go to the tab called “Funds” and mouse click on “Withdraw”. (GSM) GSMcoin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (GSM) GSMcoin by using the given drop-down box. Enter the volumen of (GSM) GSMcoin you'd like to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you're glad, click “Submit”. You could be requested for phone/email verification before a withdrawal.