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How to Buy DAOstack (GEN)

A Step-by-Step-Guide on how to buy DAOstack (GEN)

Step 1 – Join Coinbase – Get Free $10

You will first need to purchase one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and receive your welcome 10 Dollar.

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

Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. DAOstack (GEN) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate (GEN) DAOstack

As soon as your deposit has been confirmed, you will immediately have access to your funds and you can begin purchasing and trading. To purchase (GEN) DAOstack on Binance, you will want to go to the ”Exchange” tab and mouse click on “Basic”.

To locate (GEN) DAOstack, you will need to insert the cointype (GEN) into the search box, which is marked in the graphic. Be certain of having choosen the proper grouping, we've marked this also. Click on “GEN/BTC” to proceed.

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

Once you've found DAOstack (GEN), you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent price DAOstack (GEN) was sold for. You can change this to your favoured rate. The ”Amount” field is the quantity of GEN you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole quantity of GEN.

If you're happy, make a mouse click on “Buy GEN”. Your plan will be filled when a Seller trades their GEN for the price you introduced.

Step 5 – Withdraw DAOstack (GEN)

Unless you're frequently trading, best advise is not to keep crypto on an Exchange for an extensive period of time. In order to withdraw your DAOstack (GEN), hover over the ”Funds” tab and click on “Withdraw”. DAOstack (GEN) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DAOstack (GEN) by using the provided drop-down box. Enter the quantity of DAOstack (GEN) you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Congrats! You have successfully purchased and safed (GEN) DAOstack.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the (GEN) DAOstack is safe inside your wallet, you are all done.