If you have any interest to buy Gold Secured Currency ( GSX ), you will be required to have either Bitcoin abbreviated as ( BTC ) or Ethereum ( ETH ) for trade purposes. I have reviewed the major cryptocurrency exchange Binance in this mail to help you determine the best sites to buy cryptocurrency using a credit poster or bank report. Take a read and get tips on the best cryptocurrency trade .
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
Sign Up Binance now There have been respective phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the web site keenly. First, be on the lookout for the ‘ Secure ’ certificate that should pop up in your address cake and that acts as a confirmation of the site ’ randomness genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches .
1.2 Fill in your trading details
You have to fill in your details by going to the ‘ ’ Register ” pill found in the right-hand corner of the web site ’ sulfur page and fill in your trade details. For exemplify, you will need to fill in your mobile number or you choose to use your e-mail address. For the electronic mail address, it is necessary to use your main electronic mail that you can entree well and the most fasten one since you will need it to sign in to your Binance bill constantly .
You besides need to choose a hard password for your electronic mail ; a potent password should comprise a mix of numbers, symbols, upper berth and lower-case letters. You will receive a 6-digit code via the electronic mail you provided as your score ’ randomness confirmation code and for completing the adjustment work .
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your bill more guarantee you need to allow consumption of a two-factor authentication after your first log in. Trust me ; it is vital to set up the 2FA because it makes your report more batten from any hacking activeness !
Every time you log in with the two-factor authentication, you will need to provide a singular code once your type in your e-mail and password. To get your singular code, use the Google appraiser app downloaded into your smartphone .
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit batting order. For this share, I will guide you on how to use your credit circuit board .
Binance previously didn ’ triiodothyronine allow the use of credit or debit cards on its platform, but the like has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, depleted transaction charges, and more transaction tractability .
I highly recommend buying Bitcoin first and then trading it for the right measure of Gold Secured Currency ( GSX ) .
It is easy to purchase Bitcoins via your credit poster but I will elaborate on best ways you can do it step-by-step to make indisputable you understand all the trading kernel .
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
last, your personal document will be approved once verified by the system and an electronic mail station to show the ratification of order purchase. Subsequently, your Binance account is credited with the buy BTC or Ethereum .
Step 3: Transferring Your Cryptos to an Altcoin Exchange Bitmart
nowadays, let me guide you on how to purchase Gold Secured Currency ( GSX ) using your investing from Binance .
Remember not all cryptos can be traded in Binance we need to transfer our coins to an exchange that Gold Secured Currency ( GSX ) can be traded. so let me guide you to Bitmart which is a celebrated exchange to trade altcoins. Use the yoke below to register your new account .
Sign Up Bitmart now If you have completed similar processes as we ’ ve done before with Binance you are cook to transfer your Bitcoins .
Step 4: Depositing BTC to Exchange
If you have created a new trade account setup at one of the exchanges that trades Gold Secured Currency ( GSX ), you will need to transfer your BTC from Binance to that specific exchange. Depositing is done via a wallet system .
You need to move your mouse over to your mail address on the top good and click “ Assets ”
attend for “ BTC ” from Token part and copy the given “ Deposit Address ”
This summons may be difficult to do but don ’ t worry, it is much easier than using a bank transfer .
If you have already copied your unique BTC wallet address go back to Binance .
You will be needed to move your cursor to “ Wallet ” on the right hand side of the topbar and once the popup shows up, click on “ Fiat and Spot ( Deposit & Withdrawal ) ” .
expect for BTC in the list and click on “ Withdraw ” on the correct hand side .
next, you need to paste the situate savoir-faire you just copied from the early switch over and choice BTC as the transfer network. You besides have to write down the sum that you want to withdraw ( you may click the Max clitoris if you want to withdraw all ) .
After you have done the above, you need to click on the Submit release to begin with the withdrawal work. To continue with the withdrawal, Binance may ask you for your 2FA code and besides you will have to confirm the withdrawal with an e-mail .
That is all you need to do, immediately precisely delay for a few seconds so that the blockchain to confirm your transaction.
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Step 5: Trading Gold Secured Currency (GSX)
now, you need to go back to Bitmart to buy Gold Secured Currency ( GSX ) with the Bitcoins you transferred
look for a trade window once you enter Bitmart .
Which is found on the left field column and make certain to select “ BTC ” pair and in the research bar type in “ GSX ”. If you have already moved your coin, chatter on it and now you will see a price chart of GSX/BTC in the middle of the page .
Next you need to choose the “ Market ” yellow journalism as that is the easiest direction of buying orders. You can either character in your amount or choose what part of your BTC deposition you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, suction stop “ Buy GSX ”. nowadays you own your GSX !
Other Exchanges to Buy Cryptos
The comply are other sites you can buy from these exchanges :
HotBit ( Which permits US investors )
MXC ( This exchange allows US investors )
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trade volumes and a huge exploiter base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trade are not high. It is recommended that you should besides register on these exchanges because whenever Gold Secured Currency gets listed there it give the traders who have already registered a boastfully come of trade volumes, that means you will be provided with some great trade opportunities !
Final Step: How to Store Gold Secured Currency securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
Buy Ledger Nano S now
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
Buy Ledger Nano X now If you distillery have plans to stay at hodl ” as some people call it, basically misspelt “ hold ” ( which become celebrated as time passes ) your gold Secured Currency for some long clock, you need to find ways to ensure it stays safe condom ,
however Binance is the most safe cryptocurrency substitute, in the past few years there have been hacking incidents and funds were lost. Because of the plan of the wallets in exchanges, they will be accessible always via the internet ( “ Hot Wallets ” as they are called ), therefore exposing certain aspects of weaknesses .
therefore safeguard your cryptos by putting them in “ Cold Wallets ”, where the wallet will entirely have access to the blockchain ( or just “ go on-line ” ) when you send out funds ,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of exempt cold wallet. It can besides be defined as an offline-produced couple of populace and individual address and that you write on a paper for keeping safely with you. But, it is not permanent wave and may be faced by certain risk .
frankincense, Hardware wallet is consequently the best compared to cold wallets. Since they are normally USB-enabled devices that can hold the key information of your wallet in the safest manner. besides they are designed using military-level security and their firmware ’ s are continuously upgraded by their manufacturers and this makes them supernumerary safe to use. For model, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $ 50 to $ 100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion .
Frequently Asked Questions
Is it possible to buy Gold Secured Currency with cash?
The solution is No. Because there is no way you can directly buy Gold Secured Currency with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges .
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin substitute. It is more of a market where users can buy and sell Bitcoins to and from each early. Users, known as traders, make advertisements to show their price and the requital method acting they want used. then buyers buy from the traders to buy from sellers in a detail nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite requital methods somewhere else. The web site ’ sulfur prices are high and you have you have to be extra careful to avoid conmen .
What are the quickest ways I can buy Gold Secured Currency while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and agile way. Because Europe has even on-line banks which help buyers to just open an account and transfer money to exchanges such as Coinbase and Coinmama. such banks which are common as on-line banks in Europe are Bunq, N26 and Revolut .
Can I use alternative platforms to purchase Gold Secured Currency or Bitcoin with credit cards?
Yes you can, you barely need to visit Changelly which an easy to trade in site specially when it comes to buying Bitcoin with citation cards. It provides an automatic pistol cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit rating circuit board. It has been designed to allow users to have easy crypto buy since it has a childlike exploiter interface and provides instructions that are easy to follow besides .
gold Secured Currency is the World ’ s inaugural growth coin and the first coin that rises in asset value. GSX gives its owners the benefits of having a minimum asset value, like a stable coin, while besides facilitating increase in rate like traditional cryptocurrencies .
GSX combines the benefits of the best stable coin and cryptocurrency, all in one trust secured coin. Starting with the believe backed assets, the estimated asset value will start at .046 cents .
As the trust backed assets grow, this will continually be adding to the rate of GSX
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