A Step-by-Step-Guide on how to buy Grin (GRIN)
Step 1 – Join CEX.io You'll first need to buy units of the major coins. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and getting your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Grin (GRIN) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Locate Grin (GRIN) As soon as your deposit has been approved, you'll immediately have access to your assets and you can begin purchasing and trading. To buy Grin (GRIN) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. To find Grin (GRIN), you'll need to put the cointype (GRIN) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we have marked this also. Click on “GRIN/BTC” to continue.
Step 4 – Acquisition of Grin (GRIN) Once you have discovered Grin (GRIN), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the recent valuation Grin (GRIN) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of GRIN you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the complete quantity of GRIN. When you're happy, click on “Buy GRIN”. Your plan will be filled when a Seller sells their GRIN for the price you offered.
Step 5 – Withdraw Grin (GRIN) Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your Grin (GRIN), hover over the ”Funds” tab and click on “Withdraw”. Grin (GRIN) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Grin (GRIN) by using the given drop-down box. Enter the amount of Grin (GRIN) you would wish to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address. When you're glad, click “Submit”. You may be requested for email/phone verification before a take off.