Are you looking to buy a Gnosis token and wondering where to begin? Let’s first have a closer look at what it is.
Gnosis is a layer 1 network building powerful web3 infrastructure and applications. The platform was initially started by building prediction markets but now has slowly expanded in other directions such as Gnosis Safe, Gnosis Auction, and Zodiac.
Gnosis Studios, Gnosis Chain, Gnosis VC, and Gnosis DAO are the extensions of Gnosis that enable the network to revolutionise decentralised solutions. GNO is the native token of the Gnosis network and supports all its functionalities.
The GNO token is primarily used to stake on the Gnosis Chain and govern GnosisDAO. It is used for other network applications to provide incentives to the users. The token’s total supply is limited to 3 million. This article guides you through everything you need to know about purchasing GNO.
How To Buy Gnosis In 4 Easy Steps
Here are four steps that summarise the process of buying GNO for you. Follow them to complete the purchase easily.
Step 1: Choose A Crypto Exchange Platform
The first step in buying Gnosis is to find a crypto exchange platform that facilitates the purchase of GNO coins. Each exchange offers unique features, so spend a bit of time checking the platform’s performance, reviews, security measures, and the range of fiat and altcoins it supports. If you’re planning to buy with US Dollars, you could use platforms like Coinbase, or Bitfinex. For those using Euros, Kraken and Bitvavo make the process simple. Indian investors can conveniently buy Gnosis with INR on Zebpay. Alternatively, if you’d like to buy with Tether (USDT), options like Binance, BingX, HTX, and Bitget are available. Or, for those holding USD Coin (USDC), you could look into DeGate.
Step 2: Register On Any Of The Platform
Now that you have selected your preferred exchange, it’s time to register on it. For registration, you need to clear a KYC verification. You must provide details such as your full name, residential address, and phone number. Additionally, a valid identification document such as a PAN card, Passport, Aadhar card, and Driver’s license are also required for successfully verifying your KYC. Once you submit these details, the account will be ready to use in 1 to 2 business days.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
Now that you have completed the registration, your account is ready for trading. Firstly, you must use an accepted payment method to add funds to your crypto account. Accepted methods vary with each platform but generally include credit/debit cards, bank transfers, UPI or cryptocurrencies.
If you want to purchase GNO with USD, use the platforms such as Coinbase, and Bitfinex. For EUR, use Kraken and Bitvavo. Zebpay is recommended for transactions with INR. It is also possible to use an altcoin to buy GNO instead of a fiat currency. An exchange pair is available for USDT on Binance, BingX, HTX, and Bitfinex. Moreover, the trading platform DeGate offers GNO trade with USDC.
Use your trading platform’s features to study trends and make a favourable purchase.
Step 4: Store The Cryptocurrency In A Wallet
Once you purchase Gnosis (GNO), securing it in a reliable crypto wallet becomes essential. Storing your GNO in a personal wallet protects your assets from potential exchange vulnerabilities and ensures full control over your funds. Start by locating the withdrawal option in your exchange account where your Gnosis is stored. Then, enter your wallet’s public address to begin the transfer.
Choose a wallet that supports Gnosis, such as Ledger, Trezor, MetaMask, Alpha Wallet, or Coinbase Wallet, to ensure compatibility. After entering the transfer amount, confirm the transaction to securely move your GNO into your selected wallet. This step protects your assets and provides peace of mind knowing your Gnosis is stored safely and under your control.
Also read: What Are CBDCs?
Popular Video Guides On Buying Gnosis (GNO)
Also read: Check Gnosis prices live
Where To Buy Gnosis (GNO)
HTX (formerly known as Huobi) was founded in 2013 as a crypto platform focused on robust security measures. The platform's primary products are spot trading, futures trading, and APYs. It also offers other trading services like custody services and trading bots. The platform has grown its user base to over 45 million registered users over the years. HTX is available on both browsers and mobile devices.
Factsheet
|
Operational Since: |
2013 |
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Deposit Methods: |
Bank Transfer, Credit/Debit card transfer, P2P trading and Cryptocurrency |
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Deposit Fees: |
Free |
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Cryptos Listed: |
700+ |
|
Trading Fees: |
0.2% for both maker and taker |
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Fiat Currencies Supported: |
ALL, AUD, BGN, BRL, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, KZT, MDL, MKD, NOK, NZD, PHP, PLN, RON, SAR, SEK, THB, TRY, UAH, USD, VND. |
|
Trustworthiness: |
Safe and Reliable |
BingX was founded in 2018 as a user-centric trading platform. The services it offers include spot trading, copy trading, and asset management. The platform ensures user security with 100% margin reserves and partnerships with top cybersecurity firms. BingX currently serves over 10 million users.
Factsheet
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Operational Since: |
2018 |
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Deposit Methods: |
oOver 300 payment methods including Visa, Mastercard, SEPA, Line Pay, Moon Pay, Alchemy Pay, and Mercuryo |
|
Deposit Fees: |
None |
|
Cryptos Listed: |
800+ |
|
Trading Fees: |
0.1% for all users. VIP level 0 to 5 – 0.02% to 0.00% |
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Fiat Currencies Supported: |
EUR/USD/GBP/TWD/AUD/BRL/CHF/MXN/PLN/SEK/JPY/CZK/AED/INR/TRY |
|
Trustworthiness: |
Safe and reliable |
Coinbase is the only publicly traded crypto exchange platform in the United States. The platform provides advanced tools to professional traders and a friendly interface for beginners. Other services include a web3 app browser, NFT marketplace, Coinbase wallet and more. The platform is highly trusted by its users.
Factsheet
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Operational Since: |
2012 |
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Deposit Methods: |
Cryptocurrency, Bank Transfer, Debit/Credit Card, PayPal and SWIFT. |
|
Deposit Fees: |
Wallet: 1.49% fee, Card: 3.99%, ACH: Free, Wire: Fees. |
|
Cryptos Listed: |
247+ |
|
Trading Fees: |
0.00% to 0.40% for maker fees, and 0.05% to 0.60% for taker fees |
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Fiat Currencies Supported: |
60+ fiat currencies |
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Trustworthiness: |
Safe and reliable |
Frequently Asked Questions
Where Can You Buy Gnosis With A Credit Or Debit Card?
Using a debit or credit to buy a cryptocurrency is convenient and therefore preferred by many users. Check the list of payment options on the trading platform to determine if credit or debit cards are accepted. If you use USD, Coinbase and Kraken are good platforms to use.
Similarly, use Zebpay for INR, and Bitvavo for EUR. In case your preferred fiat currency is unavailable, you may use an altcoin for the purchase. Buy the altcoin with your debit/credit card and use the cryptocurrency to then purchase GNO. Exchange pairs are available for Tether (on Binance, BingX, and HTX) and USD Coin (on DeGate). It is advisable to keep track of the exchange rates during the process.
What Will You Need To Buy Gnosis?
The following list compiles everything you need to complete a GNO purchase.
- An Exchange Platform: A crypto exchange platform helps you make all trades and purchases. The platform that you choose must be safe, have positive customer reviews, and provide necessary customer support services. Platforms like HTX, Coinbase, and BingX are some platforms that are popular amongst GNO traders.
- ID proof: You need your identification documents to complete the KYC process on the exchange platform. The specific documents required vary from platform to platform but generally include passports, driver’s licenses and PAN cards. Keep all documents handy for haste-free verification.
- Debit or Credit Cards: Debit/credit cards can be used to add funds to your account on the crypto exchange platform. The funds can be added with the fiat currencies available on the platform. The funds in your account can then be used to buy a GNO token directly, or an altcoin that can be traded for the GNO token.
- Crypto Wallets: Crypto wallets secure your tokens with advanced safety protocols. Whenever you purchase a crypto token, you should transfer it immediately to a wallet. Evaluate the user reviews, ease of use, fee involved, and other features offered to choose the right wallet for you. Some GNO-compatible wallets include Ambire wallet, Alpha wallet, and DEX wallet.
What Is The Easiest Way To Buy Gnosis?
The easiest way to buy a GNO token is to do it directly using a credit/debit card. The card will allow you to add funds to your crypto account in your preferred fiat currency. The funds will allow you to purchase the required number of GNO tokens. Platforms like Coinbase, Kraken, and Zebpay permit such exchanges.
Another option is to use an altcoin (such as USDT, or USDC) to buy the token. You must either hold the altcoin in your account or buy it using your card. Binance, Degate, and HTX offer such exchange pairs. Exchange trends, analysis and charts are available on the trading platform to aid you in the process.
Best Wallets To Store Your Gnosis (GNO)
The right crypto wallet will let you store and manage your digital assets in a simplified way. Wallets offer different features, user experiences, and safety guidelines to ensure a safe experience for their customers. In the case of GNO, the following wallets are favoured.
- Alpha wallet: Alpha wallet is a completely open-sourced self-custodial wallet. It supports all Ethereum-based networks, including Gnosis. The beginner-friendly interface combined with no hidden fee policy makes it a popular wallet.
- DEX wallet: DexWallet provides DeFi solutions within its wallet, allowing users to borrow, lend, exchange, and stake their tokens. Its user interface is designed to fit the needs of both beginners and experts. The wallet is currently available only on the App Store.
- Ambire wallet: It is a self-custody wallet that supports both Smart Accounts and Basic Accounts on Ethereum networks. The wallet can also be integrated with hardware wallets such as Trezor and Ledger. The wallet is available on mobile devices and is soon launching its browser extensions as well.
