Complete graphic tutorial on how to purchase and obtain Golem(GLM) coins

By selecting a reputable cryptocurrency exchange, completing identity verification, and utilizing a secure storage method, individuals can seamlessly purchase GLM, the native token of the Golem network.

Dec 22, 2024 at 07:00 pm

Key Points:

• Understand the Golem network and its utility token, GLM
• Choose a reputable cryptocurrency exchange to purchase GLM
• Create an account and verify your identity
• Fund your exchange account with fiat currency or other cryptocurrencies
• Place a market or limit order to purchase GLM
• Securely store your GLM in a hardware wallet or reputable exchange

Step-by-Step Tutorial:

1. Understand the Golem Network and GLM Token

Golem is a decentralized cloud computing network that allows individuals to contribute spare computing power in exchange for GLM tokens. GLM is the native utility token of the Golem network, used for:

• Paying for computational tasks
• Staking to participate in network governance
• As a medium of exchange within the Golem ecosystem

2. Choose a Cryptocurrency Exchange

Select a reputable cryptocurrency exchange that supports GLM trading. Consider factors such as trading fees, security measures, and user-friendliness. Top exchanges offering GLM include:

• Binance
• Coinbase Pro
• Huobi Global
• Kraken
• Gate.io

3. Create an Account and Verify Your Identity

Register for an account on the chosen exchange and complete the identity verification process. This typically involves providing personal information, a government-issued ID, and proof of address.

4. Fund Your Exchange Account

Transfer funds to your exchange account using fiat currency via bank transfer or credit/debit card. Alternatively, you can deposit other cryptocurrencies and convert them to GLM.

5. Place a Market or Limit Order to Purchase GLM

• Market Order: Buy GLM at the current market price. This order will be filled immediately.
• Limit Order: Specify a specific price at which you want to buy GLM. This order will only be filled when the market price reaches that level.

6. Securely Store Your GLM

Once purchased, GLM tokens should be stored in a secure location. Consider using a hardware wallet, such as Ledger or Trezor, for maximum security. Alternatively, you can store GLM on the exchange where you purchased it, but this is less secure.

FAQs:

Q: What are the benefits of using Golem?

A: Golem provides access to reliable and cost-effective computing power for various tasks, such as rendering, machine learning, and scientific simulations.

Q: How can I earn GLM tokens?

A: You can contribute spare computing power to the Golem network, participate in staking, or provide services within the ecosystem.

Q: What is the price of GLM today?

A: Check live market data for the current GLM price.