A Step-by-Step-Guide on how to buy Grin (GRIN)
Step 1 – Join Coinbase and get 10$ for free You'll first need to buy units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and getting your first $10.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Grin (GRIN) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Locate Grin (GRIN) Once your deposit has been affirmed, you will now have access to your finances and you can begin invest and trading. To buy Grin (GRIN) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot Grin (GRIN), you will need to insert the cointype (GRIN) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we have highlighted this also. Click on “GRIN/BTC” to continue.
Step 4 – Purchase (GRIN) Grin After you've located (GRIN) Grin, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order. The field with the “Price” tag will be filled with the up-to-date tariff (GRIN) Grin was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the quantity of GRIN you want to purchase. The ”Total” field is the whole price in Bitcoin that you will settle for the complete quantity of GRIN. If you are satisfied, click on “Buy GRIN”. Your order will be filled as soon as a Seller sells their GRIN for the price you offered.
Step 5 – Withdraw Grin (GRIN) Unless you're regularly trading, best advise is not to keep your crypto on an Exchange for an extensive time frame. In order to take off your Grin (GRIN), hover over the tab called “Funds” and click on “Withdraw”. Grin (GRIN) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Grin (GRIN) by using the provided drop-down box. Put into the volumen of Grin (GRIN) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.