A Step-by-Step-Guide on how to buy Grin (GRIN)
Step 1 – Join CEX.io In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Grin (GRIN) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate Grin (GRIN) As soon as your deposit has been affirmed, you will now have access to your finances and you can initiate purchasing and trading. To purchase Grin (GRIN) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to spot Grin (GRIN), you will need to insert the cointype (GRIN) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we've marked this too. Click on “GRIN/BTC” to proceed.
Step 4 – Buy (GRIN) Grin After you've found (GRIN) Grin, you will be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price (GRIN) Grin was traded for. You can change this to your desired rate. The ”Amount” field is the volumen of GRIN you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete volumen of GRIN. If you are satisfied, click on “Buy GRIN”. Your plan will be filled as soon as a Vendor sells their GRIN for the price you gave.
Step 5 – Withdraw (GRIN) Grin Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. To take off your (GRIN) Grin, go to the tab called “Funds” and mouse click on “Withdraw”. (GRIN) Grin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (GRIN) Grin by using the provided drop-down box. Drop in the amount of (GRIN) Grin you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're happy, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.