A Step-by-Step-Guide on how to buy Gridcoin (GRC)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and to get your Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Gridcoin (GRC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Gridcoin (GRC) As soon as your deposit has been verified, you will instantly have access to your funds and you can begin invest and trading. To purchase Gridcoin (GRC) on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”. In order to spot Gridcoin (GRC), you will need to insert the cointype (GRC) into the search box, which is highlighted in the image. Make sure you have selected the correct pairing, we have highlighted this too. Click on “GRC/BTC” to advance.
Step 4 – Buying Gridcoin (GRC) Once you've spotted Gridcoin (GRC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most latest valuation Gridcoin (GRC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of GRC you wish to buy. The ”Total” field is the total price in BTC that you'll pay for the whole volumen of GRC. If you are glad, make a mouse click on “Buy GRC”. Your plan will be filled when a Vendor sells their GRC for the price you submitted.
Step 5 – Withdraw Gridcoin (GRC) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time period. In order to take off your Gridcoin (GRC), go to the tab called “Funds” and mouse click on “Withdraw”. Gridcoin (GRC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Gridcoin (GRC) by using the provided drop-down box. Put into the amount of Gridcoin (GRC) you'd like to take off. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address. When you are happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a take off.