Golem Coin (GNT)

How to buy Golem (GNT) in the UK

Current Price: £0.03   24hr: -3.02%

There are two main options for buying Golem (GNT) in the UK. The first option involves trading Bitcoin (BTC) for GNT on an exchange. The second option entails exchanging BTC for GNT via a service like ShapeShift. Regardless, both methods require you to begin with BTC.


Option 1: BTC -> GNT on an Exchange

You can achieve the most competitive rates by trading Bitcoin for Golem on an exchange. This is also a great option if you’re looking to buy other cryptocurrencies, as having Bitcoin makes trading on exchanges easy. In this guide, we will use Binance exchange…

This guide assumes you already have Bitcoin. If you don’t, you can buy Bitcoin at any of the following options:

  • CEX.io (recommended; buy with £GBP)
    • July 2019 UPDATE: CEX.io now accepts Faster Payments, i.e. free and instant GBP deposits (up to £250k).
    • Buy BTC straight away with your debit or credit card, or bank transfer.
  • Local Bitcoins (buy with £GBP)
    • Buy BTC from other Brits using bank transfer.
  • Coinbase (buy with EUR)

or, click here for a detailed guide on buying BTC in the UK

Waiting for a bank transfer or verification? Get a head-start by signing up for your Binance account while you wait…

Bitcoin (BTC) -> Golem (GNT)

Now, we will use Binance (the most popular crypto exchange) to buy Golem with Bitcoin…

  1. Register for a Binance account here
  2. Deposit Bitcoin to your account (your Binance Bitcoin wallet) by heading to Funds -> Deposits in the top menu
    1. Select BTC from the drop-down menu, and copy your BTC Deposit Address
      BTC deposit address Binance-min
    2. Send your Bitcoin to this address.
      i.e. if you purchased BTC from CEX.IO, use their ‘withdraw’ page to send BTC to your Binance BTC wallet.
  3. Once Bitcoin has reached your Binance wallet, head to Exchange -> Basic via the top navigation bar.
  4. Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
    1. Type GNT in the search bar
    2. Click the GNT/BTC link to reach the market page
  5. Using the Buy GNT panel, set your Buy parameters, and click the green buy GNT button
    Confused by different order types?
    Limit
    : allows you to specify the price at which the order will ‘fill’. If the price is rising, the order may not get filled, but if it does get filled it will always be at the price specified (or, sometimes a better price).
    Market: buy or sell at the current price. Market orders always get filled, but in a volatile market are often risky as you won’t know the exact buy/sell price until after the order has filled.
    Stop-Limit: we recommend you read Binance’s article about this type of order.

    1. This places an order, which can be monitored via the Orders tab in the top navigation bar, or directly below the Buy box in the Open Orders pane
    2. When your order is filled, the exchange is complete, and your Golem will appear in your GNT wallet under the Funds -> Balances page

Congratulations, you purchased Golem!


Option 2: BTC -> GNT with ShapeShift

If you don’t fancy using an exchange, you can trade your BTC for GNT on a service such as ShapeShift.

We’re currently working on integrating a ShapeShift widget into this page, but in the meantime you can head over to the ShapeShift.io site and follow their simple instructions to convert your coin.

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