Skip to content Skip to footer

How to Buy DAOstack (GEN)

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

Step 1 – Signup to CEX.io

You will first need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and to get your Ethereum or Bitcoin.

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. DAOstack (GEN) is available on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this manual)

Make sure you've chosen the precise coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate DAOstack (GEN)

Once your deposit has been affirmed, you will instantly have access to your assets and you can initiate invest and trading. To buy DAOstack (GEN) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”.

In order to discover DAOstack (GEN), you will need to insert the shortname of the coin (GEN) into the search-box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “GEN/BTC” to go ahead.

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

Once you've discovered DAOstack (GEN), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order.

The ”Price” field will be automatically filled with the most latest rate DAOstack (GEN) was sold for. This can be changed to your preferred rate. The ”Amount” field is the volumen of GEN you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of GEN.

When you are glad, make a mouse click on “Buy GEN”. Your order will be filled as soon as a Seller trades their GEN for the price you gave.

Step 5 – Withdraw DAOstack (GEN)

Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an extended time frame. In order to take off your DAOstack (GEN), go to the tab called “Funds” and mouse click on “Withdraw”. DAOstack (GEN) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're happy, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congrats! You've successfully purchased and stored DAOstack (GEN).

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the DAOstack (GEN) is stored inside your wallet, you are all done.

Some other Guides on How to buy different Altcoins

How to Buy BTC1D3S
How to Buy Elrond
How to Buy Altcoins
/* */Generated by MPG