In this guide you’ll get information about where to buy GoChain, if you are planning to buy GO coin – You’re in the right place!
GoChain is different from the others because they implement the newest technologies that can resolve common issues plaguing the decentralized and blockchain network. GoChain is designed and created to allow developers to manage and deploy (decentralized) application within a network. It is done with greater, better, and more improved energy efficiency than those found in Ethereum or Bitcoin. They use Proof of Reputation consensus that will consider all network participants’ reputation seriously. They also utilize technologies that are completely compatible with the (already existing) Ethereum smart contracts, wallets, and also other tools.
GoChain is designed because the developer team is concerned about scalability and speed issues. Well, GoChain claims that they have better speed than Ethereum network (up to 100 times faster) with better smart contracts with Proof of Reputation. With such improved power and ability, they actually need and consume less power (up to 1000 times fewer) than those used by Bitcoin. So, it is safe to say that GoChain is able to deliver fast, powerful, and efficient performance with even less resource and energy.
GoChain (GO) Features
- Proof of Reputation. This is one feature that makes GoChain unique. It started out from Proof of Authority, which then turned to Proof of Reputation. This consensus would consider the reputation and trustiness level (of the participants) seriously. It is done so that the network would be completely safe and free from any problem, whether it is external or internal. Users who want to take part (in the platform) need to have a reliable and trusted reputation.
- Proof of Authority. Despite the fact that it has been turned to Proof of Reputation, Proof of Authority is still usable, but it is limited for certain nodes having high reputation. Proof of Authority adds extra value to the platform.
- Problem solving mechanism. As it was mentioned before, this platform is able to perform tasks or transactions faster than Ethereum and it uses less resource and energy than Bitcoin. The smart contracts are better and more robust, with useful and stable performance.
- Incentives and rewards. Users are able to get rewards or incentives from their participation in the platform. It depends on their activities and how dedicated they are to their work, but no work goes unrewarded.
Where to Buy, Sell and Trade GoChain aka GO
You can basically use debit card, credit card, or even PayPal to buy the GoChain (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the GoChain as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to GoChain. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum or Bitcoin
- Find a crypto exchange that supports GoChain currency and exchange your Ethereum or Bitcoin with the GoChain
- Store your GoChain to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
Get $10 Bonus when you sign up for Coinbase!
- You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
- Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
- You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.
That’s the first step in buying GoChain, once you get your Bitcoin or Ethereum, you can continue to the next step.
Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH with GoChain:
IMPORTANT! Once you are registered to any of the above, find the GO/BTC or GO/ETH trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your GoChain (GO) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy GoChain (GO) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the GoChain. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy GoChain (GO) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy GoChain (GO) with Skrill?
You can’t buy GO directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to GoChain. You can buy BTC/ETH with skrill by using these exchanges::
Can I Buy GoChain (GO) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/GO and begin the transactions.
Can I Buy GoChain (GO) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/GO trading pair.
What Is the Best Payment Method to Buy GoChain (GO)?
The cheapest way is to use bank account to buy Bitcoins first or to buy the GoChain right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect GoChain (GO)?
Once you have purchased the GoChain, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell GoChain (GO)?
Find a crypto exchange which allow pairing GO with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine GoChain (GO) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a GoChain is to buy it from a reliable exchange.
GoChain is about resolving common issues in blockchain system without compromising performance, quality, or even profit. Those who join the network can actually enjoy an improved platform with better quality and less energy. Be sure to buy GoChain (GO) first to unlock the access and then take part in the ecosystem.