A Step-by-Step-Guide on how to buy GeoDB (GEO)
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).
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. GeoDB (GEO) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).
Step 3 – Locate GeoDB (GEO) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can commence invest and trading. To purchase GeoDB (GEO) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To discover GeoDB (GEO), you'll need to put the cointype (GEO) into the search box, which is marked in the picture. Be certain of having choosen the proper pairing, we've marked this too. Click on “GEO/BTC” to continue.
Step 4 – Buying GeoDB (GEO) Once you have spotted GeoDB (GEO), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to create our Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff GeoDB (GEO) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of GEO you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole volumen of GEO. When you're happy, make a mouse click on “Buy GEO”. Your plan will be filled when a Seller sells their GEO for the price you gave.
Step 5 – Withdraw GeoDB (GEO) Unless you're frequently trading, best advise is not to keep your coins on an Crypto Exchange for an longer time frame. To withdraw your GeoDB (GEO), hover over the tab called “Funds” and mouse click on “Withdraw”. GeoDB (GEO) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate GeoDB (GEO) by using the provided drop-down box. Drop in the volumen of GeoDB (GEO) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.