A Step-by-Step-Guide on how to buy GeoDB (GEO)
Step 1 – Join CEX.io You'll first need to buy one of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) 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 similar. GeoDB (GEO) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate GeoDB (GEO) As soon as your deposit has been affirmed, you will instantly have access to your assets and you can initiate invest and trading. To buy GeoDB (GEO) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover GeoDB (GEO), you will need to insert the shortname of the coin (GEO) into the search box, which is marked in the image. Make sure you have selected the right pairing, we've marked this too. Click on “GEO/BTC” to progress.
Step 4 – Buying GeoDB (GEO) Once you've located GeoDB (GEO), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the up-to-date price GeoDB (GEO) was traded for. You can change this to your desired rate. The ”Amount” field is the amount of GEO you like to buy. The ”Total” field is the total price in BTC that you will settle for the complete amount of GEO. When you're glad, click on “Buy GEO”. Your order will be filled as soon as a Vendor trades their GEO for the price you submitted.
Step 5 – Withdraw GeoDB (GEO) Unless you are regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time period. To take off your GeoDB (GEO), go to the tab called “Funds” and click on “Withdraw”. GeoDB (GEO) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find GeoDB (GEO) by using the given drop-down box. Put into the volumen of GeoDB (GEO) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.