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How to Buy Obyte (GBYTE)

A Step-by-Step-Guide on how to buy Obyte (GBYTE)

Step 1 – Join CEX.io

In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Obyte (GBYTE) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you have selected the precise coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Find Obyte (GBYTE)

As soon as your deposit has been affirmed, you will directly have access to your finances and you can launch purchasing and trading. To purchase Obyte (GBYTE) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”.

In order to locate Obyte (GBYTE), you will need to put the cointype (GBYTE) into the search box, which is highlighted in the image. Be certain of having selected the correct grouping, we've highlighted this also. Click on “GBYTE/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Obyte (GBYTE)
Step 4 – Acquisition of Obyte (GBYTE)

Once you've spotted Obyte (GBYTE), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order.

The ”Price” field will be filled with the most up-to-date tariff Obyte (GBYTE) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of GBYTE you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete amount of GBYTE.

If you're glad, click on “Buy GBYTE”. Your order will be filled as soon as a Seller sells their GBYTE for the price you submitted.

Step 5 – Withdraw Obyte (GBYTE)

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Obyte (GBYTE), go to the ”Funds” tab and click on “Withdraw”. Obyte (GBYTE) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Obyte (GBYTE) by using the given drop-down box. Drop in the amount of Obyte (GBYTE) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your precise withdraw address.

If you are satisfied, click on “Submit”. You may be asked for email/phone verification before a withdrawal.

Congrats! You have successfully purchased and safed Obyte (GBYTE).

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Obyte (GBYTE) is safe within your wallet, you're finished.

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