How to Buy GeoDB (GEO)

A Step-by-Step-Guide on how to buy GeoDB (GEO)

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

You will first need to buy one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and receive Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your Bitcoin or 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 identical. GeoDB (GEO) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).

Step 3 – Find (GEO) GeoDB

Once your deposit has been verified, you will now have access to your finances and you can initiate invest and trading. To buy (GEO) GeoDB on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover (GEO) GeoDB, you'll need to insert the shortname of the coin (GEO) into the search-box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've marked this too. Click on “GEO/BTC” to proceed.

Binance How To Buy 1 GeoDB (GEO)
Step 4 – Acquisition of (GEO) GeoDB

Once you've located GeoDB (GEO), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate (GEO) GeoDB was sold for. You can change this to your favoured price. The “Amount” field is the quantity of GEO you want to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete quantity of GEO.

If you are happy, click on “Buy GEO”. Your order will be filled as soon as a Vendor trades their GEO for the price you submitted.

Step 5 – Withdraw GeoDB (GEO)

Unless you are trading, best advise is not to keep crypto coins on an Crypto Exchange for an extensive time frame. In order to take off your (GEO) GeoDB, go to the tab called “Funds” and mouse click on “Withdraw”. GeoDB (GEO) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (GEO) GeoDB by using the provided drop-down box. Put into the quantity of (GEO) GeoDB you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Congrats! You have successfully purchased and stored GeoDB (GEO).

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (GEO) GeoDB is stored within your wallet, you're done.