A Step-by-Step-Guide on how to buy Obyte (GBYTE)
Step 1 – Signup to CEX.io You'll first need to buy one of the major coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Obyte (GBYTE) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have selected the right coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find Obyte (GBYTE) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can commence buying and trading. To purchase Obyte (GBYTE) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. In order to discover Obyte (GBYTE), you'll need to insert the cointype (GBYTE) into the search-box, which is marked in the picture. Be certain of having selected the correct pairing, we have marked this too. Click on “GBYTE/BTC” to proceed.
Step 4 – Buy Obyte (GBYTE) As soon as you've found Obyte (GBYTE), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we're making our Limit Order. The ”Price” field will be automatically filled with the latest rate Obyte (GBYTE) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of GBYTE you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete amount of GBYTE. If you're satisfied, make a mouse click on “Buy GBYTE”. Your order will be filled as soon as a Vendor trades their GBYTE for the price you gave.
Step 5 – Withdraw Obyte (GBYTE) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended time frame. To withdraw your Obyte (GBYTE), go to the tab called “Funds” and click on “Withdraw”. Obyte (GBYTE) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Obyte (GBYTE) by using the provided drop-down box. Drop in the quantity of Obyte (GBYTE) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address. If you're happy, click “Submit”. You may be asked for verfication via email/phone before a take off.