How to Buy Groestlcoin with Credit Card and Debit Card
How to Buy Groestlcoin with Bank Transfer
The best methods of buying Groestlcoin with a bank transfer or wire is by buying Bitcoin on Coinbase, and then transfering it to Bittrex to buy Groestlcoin. Please see below tutorial.
Method 1 - USD/EUR -> BTC -> Groestlcoin
Step 1: Buy Bitcoin
There are several exchanges through which you can buy Bitcoin.
Coinmama handles credit or debit card purchases. Coinmama is great because they have higher credit or debit card purchasing limits than Coinbase, as well as fast delivery of your funds.
Bitpanda. Bitpanda is an exchange that processes credit or debit card purchases. Their fees are slightly lower, but ONLY sells Bitcoin to residents of European Union (EU) countries.
Coinbase is the most beginner friendly while Coinmama is great for credit or debit transactions as it has higher purchase limits and quick delivery. BitPanda is great (but it only works in Europe) and has a 5% fee on credit or debit purchases.
We will use Coinbase in this example. Also, if you purchase over $100 of Bitcoin through the following link, you will receive an extra $10 BTC for FREE! Create an account on Coinbase if you don’t have one already and then add your payment method.
After creating your Coinbase account, you need to add a payment method. If you are going for the route with the lowest fees, it is best to use a bank transfer. If timing is more important, use a credit or debit card, as this is much faster!
The Coinbase signup process takes time, but this is to ensure security for customers. Click the Buy/Sell tab on the top/middle of your screen. From this page, you can easily purchase Bitcoin, Litecoin, or Ethereum. All of these cryptocurrencies can be converted into Groestlcoin on exchanges such as Bittrex, but for this tutorial we will use Bitcoin.
Fiat to Bitcoin Exchanges
|Coinbase||USA||1.49% - Bank|
|Coinmama||Mostly Everywhere||5.5% Credit/Debit|
|Bitpanda||Europe ONLY||5% - Credit/Debit|
After hitting Confirm Buy, you are finished with this step! Next will be transferring the Bitcoin to a Groestlcoin exchange. Also, at this point, we strongly suggest setting up two-factor authentication (2FA) on all exchanges. Two factor authentication combines two different verification methods to ensure the real user is trying to access the account.
Bitcoin to Groestlcoin Exchanges
Step 2: Transfer your Bitcoin
Once you have Bitcoin, you will need to move it to an exchange that has BTC/GRS pairs.
Bittrex is a great option as it features a simple interface and great customer service. Click the send button in your BTC wallet, as shown in the below picture. You will be asked for the recipients wallet address. You can find this by going to your wallets page on Bittrex and click the plus + sign next to Bitcoin. Then, copy and paste this address - do not try to type it, an error can result in your funds being lost forever - into the recipients box in Coinbase.
Depending on the traffic on the Bitcoin network, your transfer may take 20 minutes to an hour, sometimes longer. This can be stressful but do not worry!
Step 3: Buy Groestlcoin!
After sending your bitcoin to Bittrex, you will want to go to the BTC/GRS trading page and enter a ratio with which you are comfortable. You can look at the orderbook and see the current market rates. Once your order is processed, you will see Groestlcoin reflected in your Bittrex wallet balance.
How to Buy Groestlcoin with Changelly
Step 1: Create an account on Changelly. They have a relatively easy signup process and allow the use of Google, Twitter or Facebook logins to make the sign-up seamless.
Step 2: Upon creating an account, go to the main page as seen here, and use the conversion box to initiate an exchange. In this example, we are going to buy Groestlcoin with USD.
How to Buy Groestlcoin with PayPal
Due to Paypal’s chargeback feature, buying Groestlcoin with Paypal requires one extra step. The exchange VirWoX allows you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have Bitcoin, you can send it to Bittrex as seen in the example above.
Step 4: How to securely store Groestlcoin