How To Buy Genaro Network (GNX)
A Step-by-Step Guide
Step 1 -
Signup to Coinbase - Get Free $10
You’ll first need to purchase one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and receive your first $10.
Step 2 -
Send Your Funds To An Exchange
You’ll now need to send your Bitcoin (BTC) or Ethereum (ETH) over to an exchange. All exchanges have a similar deposit method. Genaro Network (GNX) is available on Huobi, so we’ll use that as an example. Unsure about how to send funds from Coinbase? (Follow this guide)
Make sure you’ve selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, etc. If you are dealing with a Decentralized Exchange such as IDEX, these steps may be different (Follow Our Guide)
Step 2 -
Send Your Funds To An Exchange
You’ll now need to send your Bitcoin (BTC) or Ethereum (ETH) over to an exchange. All exchanges have a similar deposit method. Genaro Network (GNX) is available on Huobi, so we’ll use that as an example. Unsure about how to send funds from Coinbase? (Follow this guide)
Make sure you’ve selected the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, etc. If you are dealing with a Decentralized Exchange such as IDEX, these steps may be different (Follow Our Guide)
Step 3 -
Locate Genaro Network (GNX)
Once your deposit has confirmed, you’ll now have access to your funds and you can begin purchasing/trading. To purchase Genaro Network (GNX) on Huobi, you’ll want to click on the “Markets” tab and this will show you a library of coins to select.
To locate Genaro Network (GNX), you’ll need to type the coins “ticker” (GNX) into the search box highlighted in the picture we have provided. Make sure you have selected the correct pairing, we’ve highlighted this too. Click on “GNX/BTC” to proceed.
Step 4 -
Purchase Genaro Network (GNX)
Once you’ve located Genaro Network (GNX), you’ll be presented with a Price Chart (left) and some Order Books (right). For now, we’re going to create our own Limit Order in the order section highlighted in the picture provided.
The “Price” field will be blank. You will need to either click an order on the order book to the right, or enter your desired bid/price. The “Amount” field is the amount of GNX you wish to purchase, you can enter your own amount or a percentage of your holdings with the % buttons. The “Total” below is the total price in BTC that you will pay for the whole amount.
When you’re happy, click “Buy GNX”. Your order will be filled when a Seller sells their GNX for the price you submitted.
Step 4 -
Purchase Genaro Network (GNX)
Once you’ve located Genaro Network (GNX), you’ll be presented with a Price Chart (left) and some Order Books (right). For now, we’re going to create our own Limit Order in the order section highlighted in the picture provided.
The “Price” field will be blank. You will need to either click an order on the order book to the right, or enter your desired bid/price. The “Amount” field is the amount of GNX you wish to purchase, you can enter your own amount or a percentage of your holdings with the % buttons. The “Total” below is the total price in BTC that you will pay for the whole amount.
When you’re happy, click “Buy GNX”. Your order will be filled when a Seller sells their GNX for the price you submitted.
Step 5 -
Withdraw Genaro Network (GNX)
Unless you’re trading, never keep your coins on an exchange for an extended period of time. To withdraw your Genaro Network (GNX), hover over the “Balances” tab and click on “Deposits/Withdrawals”. Genaro Network (GNX) can be safely stored using MyEtherWallet, so we’ll use that. (MyEtherWallet Setup Guide)
Locate Genaro Network (GNX) by using the search box (highlighted). Enter the amount of GNX you’d like to withdraw taking into account the fees/minimums shown and make sure the withdraw address you have entered is yours and is correct.
When you’re happy, click “Withdraw”. You may be asked for phone/email verification before a withdrawal can be processed.
Congratulations!
You've Successfully Purchased & Stored Genaro Network (GNX)
That’s it!
Withdrawals from Exchanges can take anywhere from 1-30 minutes depending on network usage. Once you’ve confirmed your withdrawal using Etherscan.io or Ethplorer.io and the GNX is safe inside your wallet, you’re all done.
