A Step-by-Step-Guide on how to buy GNY (GNY)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and getting your welcome 10$.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. GNY (GNY) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Locate GNY (GNY) Once your deposit has been affirmed, you'll now have access to your funds and you can begin purchasing and trading. To purchase GNY (GNY) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To spot GNY (GNY), you will need to put the short name of the asset (GNY) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've highlighted this too. Click on “GNY/BTC” to go on.
Step 4 – Buy (GNY) GNY Once you have spotted (GNY) GNY, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to create our own Limit Order. The field with the “Price” tag will be filled with the up-to-date valuation GNY (GNY) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of GNY you wish to buy. The field with the “Total” tag is the total price in BTC that you will settle for the complete amount of GNY. If you're satisfied, click on “Buy GNY”. Your plan will be filled as soon as a Vender trades their GNY for the price you submitted.
Step 5 – Withdraw (GNY) GNY Unless you're regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extensive period of time. To take off your (GNY) GNY, hover over the “Funds” tab and mouse click on “Withdraw”. GNY (GNY) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (GNY) GNY by using the provided drop-down box. Enter the quantity of (GNY) GNY you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address. When you're glad, click on “Submit”. You may be asked for email/phone verification ahead of a withdrawal.