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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 ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. DAOstack (GEN) is obtainable on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

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

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

Step 3 – Find DAOstack (GEN)

As soon as your deposit has been approved, you'll instantly have access to your finances and you can initiate purchasing and trading. To purchase DAOstack (GEN) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to spot DAOstack (GEN), you'll need to insert the shortname of the coin (GEN) into the search-box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “GEN/BTC” to advance.

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

As soon as you've found DAOstack (GEN), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order.

The ”Price” field will be filled with the latest price DAOstack (GEN) was sold for. This can be changed to your preferred price. The ”Amount” field is the volumen of GEN you like to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the complete volumen of GEN.

When you're happy, make a mouse click on “Buy GEN”. Your plan will be filled when a Vendor sells their GEN for the price you gave.

Step 5 – Withdraw DAOstack (GEN)

Unless you're trading, best advise is not to keep coins on an Crypto Trader for an extensive 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 safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DAOstack (GEN) by using the given drop-down box. Put into the volumen of DAOstack (GEN) you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you're satisfied, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

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

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Etherscan.io or Ethplorer.io and the DAOstack (GEN) is stored in your wallet, you're all done.

Some other Guides on How to buy different Altcoins

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How to Buy Altcoins
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