A Step-by-Step-Guide on how to buy GSMcoin (GSM)
Step 1 – Signup to Coinbase – Get Free $10 You will first need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and receive your first $10.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. GSMcoin (GSM) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find (GSM) GSMcoin As soon as your deposit has been approved, you will directly have access to your assets and you can start buying and trading. To purchase (GSM) GSMcoin on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To discover (GSM) GSMcoin, you will need to insert the shortname of the coin (GSM) into the search-box, which is marked in the picture. Be certain of having choosen the proper pairing, we have marked this too. Click on “GSM/BTC” to go on.
Step 4 – Purchasing GSMcoin (GSM) Once you've found GSMcoin (GSM), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our Limit Order. The field with the “Price” tag will be filled with the most recent rate GSMcoin (GSM) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of GSM you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole amount of GSM. If you're satisfied, make a mouse click on “Buy GSM”. Your plan will be filled as soon as a Vendor sells their GSM for the price you offered.
Step 5 – Withdraw GSMcoin (GSM) Unless you are frequently trading, never keep your crypto on an Crypto Exchange for an extensive period of time. To take off your GSMcoin (GSM), hover over the ”Funds” tab and click on “Withdraw”. GSMcoin (GSM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find GSMcoin (GSM) by using the provided drop-down box. Drop in the quantity of GSMcoin (GSM) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you are happy, click on “Submit”. You could be asked for email/phone verification before a withdrawal.