But we are not done yet. We need to convert our BTC into GRX. As GRX is presently listed on PancakeSwap we will guide you through how to convert your BTC on the platform. Unlike other centralize exchanges the conversion steps will be a fiddling unlike on PancakeSwap since it is a decentralize exchange ( DEX ) which does not require you to register an account nor going through any KYC process, however, trading on a DEX requires you to manage your own private key to your altcoin wallet and it is suggested that you take excess worry of your wallet individual key, because if you lost your keys, it means that you will lost access to your coins constantly and no customer support will help you retrieve your assets back. Although if managed properly it is in fact more batten to store your assets in your own private wallet than on substitute wallets. If you are however uncomfortable with using a DEX precisely yet, check if GRX is available on any other traditional centralised exchanges on the pill above. Otherwise let ’ s postdate these steps cautiously .

Convert your BTC into BNB on Binance

PancakeSwap is a DEX that is like to Uniswap/Sushiswap, but rather it runs on Binance Smart Chain ( BSC ), where you will be able to trade all BEP-20 tokens ( as oppose to ERC-20 tokens in the Ethereum blockchain ), unlike Ethereum, it greatly reduces the trade ( gas ) fees while trading on the platform and is gaining popularity recently. PancakeSwap is built on an automatize marketplace godhead ( AMM ) system which relies on user-funded liquid pools and that is why it can work perfectly without a traditional order book from centralised exchanges. In short, as GRX is a BEP-20 nominal running on Binance Smart Chain, the quickest means to buy it is to transfer your BTC to Binance ( or the exchanges listed on the board below for US traders ), convert it into BNB, then send it to your own wallet via Binance Smart Chain and swap your BNB for GRX on PancakeSwap. US traders should consider signing up on the exchanges below.

Reading: How and Where to Buy GravitX (GRX) – An Easy Step by Step Guide

once you have registered on Binance or the exchanges suggested above, head over to the wallet page and choose the BTC and snap deposit. Copy the BTC address and head back to Coinbase, withdraw your BTC to this address and expect for it to arrive, this should take around 15-30 minutes depending on usage of the BTC network. once arrived, trade your BTC to Binance Coin ( BNB ) .

Transfer BNB to your own wallet

hera comes the trickiest part of the march, now you need to create your own wallet to hold both BNB and GRX, there are several options to create your own wallet, the best option is to use a hardware wallet, such as Ledger Nano S or Ledger Nano X. They are secure hardware that provide respective layers of security to protect your assets, you entirely have to store the seed phrases in a safe locate and never put it on-line ( i.e. do NOT upload the seed phrases to any cloud services/storage/email, and besides do not take photograph of it ). If you are planning to stay in the crypto scene for a while, it is highly commend that you get a hardware wallet .

Ledger Nano S

Easy to set up and friendly interface
Can be used on desktops and laptops
Lightweight and Portable
Support most blockchains and wide range of (ERC-20/BEP-20) tokens
Multiple languages available
Built by a well-established company found in 2014 with great chip security
Affordable price

Buy Now

Ledger Nano X

More powerful secure element chip (ST33) than Ledger Nano S
Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
Lightweight and Portable with built-in rechargeable battery
Larger screen
More storage space than Ledger Nano S
Support most blockchains and wide range of (ERC-20/BEP-20) tokens
Multiple languages available
Built by a well-established company found in 2014 with great chip security
Affordable price

Buy Now alternatively you can create your own wallet, here we will use MetaMask as an example to show you how to set up your wallet .

Add MetaMask extension to Chrome

We recommend using Google Chrome or Brave Browser here. Go to Chrome Web Store and search for MetaMask, make certain the extension is offered by hypertext transfer protocol : //metamask.io for condom and then click Add to Chrome . Proceed with “ Get Started ” and then click on “ create a wallet ” in the future screen, read all the instructions on the following filmdom and then click “ Agree ” next choose a procure password to secure your MetaMask wallet, this password is not your secret winder or seed phrases, you only need this password to access the Chrome Extension.

Read more: Reputation

here comes the backing idiom generation step, on the screen you will see a list of random words appearing after you click “ reveal privy words ”, write these words down on a nibble of paper and do not always save them online, anywhere. For extra security you may even consider getting a Cryptosteel Capsule from Ledger to store your phrases securely and physically . once you have saved your seed phrases securely, confirm on the future filmdom by verifying them. And you ’ re done ! Read the tips once more to ensure you ’ re in full aware of the security issues and click all done, now your wallet is fix. now click on the MetaMask picture on the extension barroom on the browser and unlock your wallet with your password. You should see your initial symmetry afterwards . now you are ready to deposit your BNB to your wallet, head over to PancakeSwap, snap “ connect ” at the top and choose MetaMask . If this is your first time to connect with MetaMask you should be asked immediately if you would like to add the Binance Smart Chain network to your MetaMask, please do proceed with this step as it is very authoritative that you make sure you are sending your BNB via the correct network. After adding the network, switch to the network on MetaMask and you should be able to see your BNB libra on the Binance Smart Chain. now copy the address to clipboard by clicking on the explanation name . now head bet on to Binance or whichever commute you bought BNB. Go to the BNB wallet and choose Withdraw, on the recipient address, paste your own wallet address and make certain it is the compensate address, then on transmit network, make surely you have selected Binance Smart Chain ( BSC ) or BEP20 ( BSC ) Click present and follow the verification steps afterwards. After successfully withdrawing your BNB it should arrive very shortly to your own wallet. now you ’ re quick to buy GRX finally !

Head back to PancakeSwap, choose Trade > Exchange on the leave sidebar You should see a relatively bare interface here with basically equitable two fields, from and to, and a big button saying either “ connect Wallet ” or “ Swap ” . Click on Connect Wallet if you haven ’ thymine done thus already. Otherwise you should be able to see your BNB poise here at the from battlefield, enter the amount you would like to exchange for GRX and then on the to airfield, choose GRX from the dropdown, the represent measure of GRX should show up immediately. Verify and then proceed with “ Swap ”. In the next screen, confirm the transaction once more by clicking Confirm Swap. nowadays MetaMask should pop up and ask you if you want to allow PancakeSwap to spend your BNB, pawl Confirm. Wait for the confirmation screen until it shows “ Transaction Submitted ”, congratulations ! You have ultimately bought GRX ! ! After a short-change while you should be able to see your GRX symmetry on your MetaMask Wallet .