Buy Golem (GNT)
What Is Buy Golem or GNT Cryptocurrency?
Golem (GNT) is a global, open source, decentralized blockchain computation network based on the Ethereum network. It connects computers in a P2P network, enabling both application owners and individual users (“requestors”) to rent resources of other users’ (“providers”) machines. By using these resources, Golem is capable of performing a wide variety of tasks, from CGI rendering, through machine learning to scientific computing.
According to its developers, a Warsaw-based crowdfund startup, Golem will be used to bulk-rent machines in order to perform operations within a self-organizing network in the long-term. So, it is quite an ambitious and innovative project.
Golem Network Tokens (GNT) are utilized as the money for the Golem network. It is a token with restricted supply, which implies higher request as the project advances and the system expands.
How to buy Golem Cryptocurrency?
To date, it is not that easy to purchase Golem directly with fiat. There are several exchanges that offer buying Golem with US dollars and these are:
– Bitfinex – a Hong Kong-based major exchange that supports fiat currencies and bank wire payments, but no longer accept US clients.
– Exrates – an exchange that a lot of many “traditional” fiat currencies, but does not shares much information about the payment methods it allows, nor about the company that operates it.
– Livecoin – offers several deposit methods, including bank transfer, Perfect Money, OKPay, Payeer and Advcash. However, there are quite a few negative reviews about Livecoin, primarily addressing slow payment processing and slow customer service.
That is why would advise those seeking to buy Golem to get their fiat in the crypto gane using a trusted exchange, where to buy Bitcoin or Ethereum first. Here are the exact steps you need to follow to get some GNT coins:
1. Sign up with Coinbase
We recommend this exchange, because it offers a user-friendly service with comparatively low fees. More importantly, Coinbase is a major licensed exchange that operates in more than 30 countries and deals in US dollars and other fiat currencies.
Probably the biggest advantage of Coinbase is that it supports convenient payment methods such as credit/debit cards, bank transfers (SEPA included), and PayPal. Keep in mind that before you deposit, you need to verify your identity, which is a standard procedure
2. Buy Bitcoin or Ether.
You just have to select BTC or ETH in the buy section and enter the amount you wish to invest.
3. Register with another exchange that supports Golem.
By the time of writing this Golem is most actively traded on Bittrex, Huobi and Liqui, but you can choose any from the list below. If you need further information on any of these exchanges, just click on the “Review” button.
4. Transfer your Bitcoin or Ether from Coinbase to that exchange.
5. Exchange your BTC or ETH for GNT.
Once you have bought GNT coins, the next step is to find a safe place to store them. One of the best places to store your coins is on MyEtherWallet or in a hardware wallet like Ledger.
In fact, you do not need to own GNT coins to trade it. Another alternative is to speculate on Golem price, and trade in the form of CFDs with a forex broker like eToro. Many of the large and properly regulated forex brokers offer leveraged trading in Bitcoin and other altcoins. Unfortunately, none of them offers trading in Golem yet.
How to Buy Golem or GNT Cryptocurrency Conclusion
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