This step-by-step guide shows how to buy Golem (GNT).
If you’re looking to invest in this cryptocurrency, this tutorial is all you need to follow.
With that said, let’s begin.
Table of Contents
What Is Golem (GNT)
Golem Network Tokens or GNT is a popular cryptocurrency you can invest in.
It’s a peer-to-peer marketplace for computing power. GNT connects computers in a peer-to-peer network and enables both the users and machine owners to rent resources from others’ machines.
Golem was launched 4 years and continues to be a popular cryptocurrency investment.
Also Read: How to buy Bitcoin
How to Buy GNT
There are many ways how to buy Golem.
One of the most popular and secure sources to buy GNT is a cryptocurrency exchange called Binance.
Binance has been one of the top exchanges for nearly 3 years and is one of the largest by volume. Not only does it support a range of altcoins/alternative coins, but it’s also one of the most secure platforms.
Step 1 – Creating a Binance Account:
Once you’ve entered the details, it will prompt you to verify your email address.
Log into your email account, find the verification code and get your account verified.
Also Read: How to buy Ethereum
Step 2 – Setting It Up
Once you’ve completed the first step, you’ll be greeted by a familiar dashboard.
Before you go ahead and make a purchase, it’s always a good idea to get your identity verified. This will also secure your account and prevent unauthorized access in the future.
Just follow the on-screen instructions, and your account should be ready in no time.
See Related: Where Can I Buy Siacoin (SC) | Step-By-Step Guide
Step 3 – Exchanging Bitcoin for Golem
If you own some Bitcoin, deposit some in your Binance wallet to trade it for GNT later.
If not, you can purchase directly on Binance and buy Bitcoin directly through credit/debit cards. The payment options may differ depending on your country, but the process is pretty much the same.
Once you’ve purchased some Bitcoins or have transferred some you already own to Binance, it’s time to exchange BTC for GNT. If you don’t have BTC but have other altcoins like Ethereum, it can also be used to buy Golem.
See Related: How to Buy Ardor | Step-By-Step Guide
Step 4 – How To Buy Golem
This is the final step. If you’ve reached this step, you already have bitcoin/Ethereum ready in your account. If not, complete the first three steps before you begin this one.
Go to GNT/BTC (the Bitcoin pair) or GNT/ETH (the Ethereum pair), depending on what coin you already possess.
Depending on how much Golem (GNT) you may want to buy, select your options.
If you want to trade all your Bitcoin for Golem, select 100% in the Buy options and click buy. The market option is to buy the coin/token at the current price, and the limit option is for traders looking to buy at a certain price.
Unless you’re a trader, you don’t need to consider the Limit Buy option. Select the percentage of Bitcoins you want to allocate to Golem, and your GNT will be ready in your account.
See Related: How to Buy Neblio | Step-By-Step Guide
Final Words & Conclusion
That brings us to the conclusion of this ‘how to buy Golem (GNT)’ guide. We hope this helped you make a purchase. If not, did you get stuck on any step? Or did we miss anything in this step-by-step tutorial?
Either way, let us know by leaving a quick comment down below.
Once you’ve purchased Golem (GNT) or any other cryptocurrency of your choice, be sure to strengthen the security of your Binance account, so it’s never compromised.
A two-step authentication app like Google Authenticator should greatly help secure your account if you don’t have an existing authentication app. You can also withdraw your tokens to a compatible wallet if you don’t want to leave them on the exchange.