How to Buy Obyte (GBYTE)

A Step-by-Step-Guide on how to buy Obyte (GBYTE)

Step 1 – Signup to Coinbase and receive 10$ in Bitcoin

You will first need to purchase units of the bigger coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Obyte (GBYTE) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Obyte (GBYTE)

As soon as your deposit has been approved, you'll now have access to your finances and you can start invest and trading. To purchase Obyte (GBYTE) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover Obyte (GBYTE), you'll need to insert the cointype (GBYTE) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've marked this also. Click on “GBYTE/BTC” to go ahead.

How to buy Coin on Binance 1 Obyte (GBYTE)
Step 4 – Buy (GBYTE) Obyte

As soon as you've located (GBYTE) Obyte, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order.

The “Price” field will be filled with the latest valuation Obyte (GBYTE) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of GBYTE you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete amount of GBYTE.

When you are satisfied, make a mouse click on “Buy GBYTE”. Your order will be filled as soon as a Vendor trades their GBYTE for the price you offered.

Step 5 – Withdraw (GBYTE) Obyte

Unless you're trading, never keep your crypto on an Cryptocurrency Exchange for an extended period of time. To take off your Obyte (GBYTE), go to the “Funds” tab and mouse click on “Withdraw”. Obyte (GBYTE) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Obyte (GBYTE) by using the given drop-down box. Put into the amount of Obyte (GBYTE) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You have successfully bought and stored Obyte (GBYTE).

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the Obyte (GBYTE) is safe inside your wallet, you're done.