Buying Gems has become relatively easy. It can simply be done by PayPal, card, or even cash.
This is a small guide we’ve made to make your job easier.
So if you are interested in buying Gems (GEM), read it till the end.
Though people always say that buying cryptocurrencies from your debit or credit card is difficult, it is not.
Where To Buy Gems (GEM)?
There are several exchanges a user can use to purchase Gems.
This article will cover the current exchanges where you can buy GEM at the best prices.
Choose your preferred platforms below and follow the guides to learn how to buy Gems (GEM) coin successfully.
How to Buy Gems with Credit Card or Debit Card?
The first thing you can do is to buy Bitcoins or Ethereum with your credit card from a Gems (GEM) exchange. These can later be changed into Gems.
Follow these steps:
- Purchase Ethereum or Bitcoin from the crypto platform you prefer.
- Transfer the purchased Ethereum or Bitcoin to an exchange that supports Gems.
- Finally, exchange the purchased cryptocurrency into Gems.
1. Create an Account on Coinbase
In order to buy Bitcoin (BTC) or Ethereum (ETH), which will later be exchanged into Gems (GEM) – you have the make an account on Coinbase.
Click on “sign up” and enter your required information like name, location, password, and e-mail – make sure these details match your Photo ID. Otherwise, it can create trouble.
Coinbase is controlled by the US authorities and follows strict fiscal rules. As a result, they have to confirm your identity.
However, some time and effort are invested, but this makes Coinbase the most trusted and reliable way to convert ordinary currency into cryptocurrency.
2. Buy BTC with Fiat Money
Coinbase has to verify your account for safety. They will ask you for your contact number, verify your bank account or your card (credit or debit), will ask you to upload an image of your photo ID as well.
Only after the verification you will be able to buy cryptocurrency.
In case you purchase cryptocurrency through the card, your purchase will take no time, but the fees will be charged higher than the usual. If you make payment through the bank account transfers, it can take up to 7 days to receive your coins, but it will surely be cheaper than your card purchase.
Once your purchase details are verified, click on the buy/sell button, which happens to be on the top menu.
For example, if you are buying Bitcoin, simply click on Bitcoin and fill in the amount of money you are willing to spend or the number of coins you want to buy at the bottom of the page.
When you are done with all of these, just click on the “Buy” button.
The next thing you need to do is confirm your purchase.
Do this by clicking on the “Buy now” button.
By now, you have purchased Bitcoin, do not close Coinbase – this has to be used again.
Create an Account on Gate.io
Gate.io is a popular crypto exchange that was established in the U.S.A in 2017. Due to its American origin, American investors or traders have access to Gate.io to trade.
The platform even encourages American investors to register and transact on the exchange.
Gate.io is available in both English and Chinese versions, the latter has been key in attracting Chinese investors.
The selling point of this crypto exchange is its vast compilation of tradeable pairs. You can also see the majority of the new altcoins on this exchange. Gate.io is renowned for its massive trading volume.
It comfortably ranks among the top 20 crypto exchanges with the most significant trading volume. Gate.io’s daily trading volume caps at $100m.
The ten most popular trading pairs on the platform responsible for most of the platform’s trading volume have USDT as one-half of the pair.
In summary, the platform’s large list of trading pairs and its exceptional liquidity are its major attractions.
Click “Sign Up” on the top right.
Create an account by entering your username, email address, and password (strong passwords for security).
On this crypto exchange, you’ll also be required to establish 2 Factor Authentication for extra security on your account.
3. Transfer BTC From Coinbase to Gate.io
The exchange policy may require you to undergo another KYC process that may range from half an hour to a few days in duration. Despite being lengthy, the KYC process is easy to execute.
After completing the KYC process, you’ll be given complete access to your Gate.io wallet.
If this is your first time making a crypto deposit, the deposit portal may appear intimidating, but don’t worry because it’s easier than a bank transfer.
You will see a “WALLET” option on the top menu, hover the mouse cursor over it, then click on “Deposit“.
Search for “Bitcoin“, a long string of numbers and letters will appear – this is your Bitcoin deposit address.
Copy the address and save it somewhere safe, you are going to need it soon.
Note: You should recheck if you selected Bitcoin only because if you send coins to the wrong wallet by mistake, they will get destroyed.
To transfer your Bitcoin from Coinbase to your Gate.io wallet, copy your address.
Go back to Coinbase, click on “Pay” on the left menu, and choose Bitcoin on your list of assets.
A recipient field will display, paste your BTC address. To be on the safe side, ensure that the address on the recipient field matches what you copied from your clipboard.
Click “Continue” to transfer the BTC to your Gate.io address.
After following all these steps, Coinbase might ask for your confirmation with your phone or password.
The transfer might take a little while to get into your Gate.io account.
Usually, it takes about 20 – 30 minutes to transfer the Bitcoin to your Gate.io wallet. It can take longer in busy times.
Come back to your Gate.io account and access your exchange wallets to check if the funds have arrived. If not, there’s nothing to worry about. It simply means the blockchain network is still verifying your transaction.
To view your balance, Gate.io will update it automatically. However, you will be notified by email about your transaction.
At this stage, you’re one process away from buying GEM.
4. Trade Bitcoin for Gems (GEM)
On Gate.io, go to spot trading, you will see a string of fluctuating figures.
On the left column, you’ll see a search bar.
Select BTC since you’re trading Bitcoin with an altcoin.
After clicking on Bitcoin, type in “GEM“, you should see GEM/BTC, select it, and you’ll now see its price chart in the middle of the page.
There are two ways you can buy coins:
“Limit” order option: you can set the price at which you want to buy GEM.
“Market” option: fills out your order at the best price automatically.
If you want to buy GEM when it reaches a certain price, use the Limit order.
Enter the price you desire (in BTC) and the amount of GEM you want to purchase, then click the Buy GEM button.
If you want to buy GEM at the latest price, click on the Market tab, then enter the amount of GEM you wish to purchase. The order should be done almost instantly, and the coins will be added to your Gate.io balance soon.
You are now a proud investor in Gems (GEM)!
Best Gems (GEM) Hardware Wallets
Cryptocurrency transactions are one of the most popular things on hacker’s radars.
The best option to save your cryptocurrency is to put it in wallets.
It is a hardware wallet with high security and a 5-star rating. It costs around $65, supports ERC20 and multiple coins, and has fantastic reviews – this is the best option to go for.
Trezor also happens to be a hardware wallet with high-tech security. It is rated at 4.5 stars. Trezor supports ERC20 and multiple coins. It costs around $97. It is an excellent option to go for.
Keepkey is a hardware wallet with the utmost security and supports ERC20 and multiple coins. You have to pay $129 for Keepkey Wallet. It has a 3.5-star rating. This is an excellent option to go for, but Trezor and Ledger are better in terms of expense and security.
Coinomi is a software wallet that is compatible with Android, iOs, Windows, Linux, and macOS. It also supports ERC20 and multiple coins. This wallet is free of cost and has a 3-star rating if, in case it’s difficult for you to carry a hardware wallet, you can simply go for Coinomi.
Keeping your Cryptocurrency safe is very important. You have to look at it from all perspectives.
We all are aware of the frauds which are taking place these days. The hackers have reached a level where only exceptions can stop them. People have developed all possible means of stealing.
Talking about purchasing crypto, there are a number of advantages of investing in crypto-currency.
The asset transfers have become much more manageable, the transactions are confidential, you simply hold ownership of the currency, they give access to credit, and at last, they come with strong security.
Keep your hard-earned coins safe!
Best VPN For Crypto Trading
Cryptocurrency is decentralized by default, and because of this, users are completely responsible for securing their assets.
Although using a physical wallet helps you secure your assets in a safe place, using an encrypted virtual private network connection while trading your assets makes it more difficult for cyber predators to intercept your data digitally.
This is very important if you’re trading with public WiFi. NordVPN is easily on the list of the best paid virtual private networks. It’s strongly advised that you don’t use free VPN services because your data may be sniffed in return for the free service they are offering you.
Also, NordVPN has been in business for almost 10 years. It provides military-grade encryption, and you can even choose to restrict access from malicious sites and advertisements using their CyberSec feature.
With NordVPN, you have a vast number of servers (more than 5,000) in more than 60 countries worldwide to connect to. This VPN ensures that your connection to these servers is secure and hitch-free.
There is no limit or restriction on data or bandwidth. This also means that you can utilize the service in ordinary routines such as downloading large-sized files or streaming videos online.
It’s also crazy-cheap, and it’s considered among the most affordable VPNs on the market.
It goes for just $3.49 monthly.
Frequently Asked Questions
Can I Buy Gems With PayPal?
You cannot directly buy Gems using PayPal at this time. If you want to use PayPal, you will have to buy Bitcoin or Ethereum first and then exchange it for Gems by using a cryptocurrency platform like Binance.
Can I Buy GEM With Cash?
You cannot directly buy GEM with cash. Even if some ATMs support Gems, they are less than 1% of all cryptocurrency ATMs.
If you want to buy Gems with cash, you will have to buy Bitcoin first and then exchange bitcoins for Gems using a platform like Binance.
Can I Buy Gems With Bitcoin?
Yes, you can buy GEM with BTC easily by using Binance to exchange Bitcoins for Gems.
Can I Buy Gems With Ethereum?
Yes, you can buy GEM with ETH by using a platform like Binance to exchange Ethereum for Gems.
What Is The Best Payment Method To Use?
The cheapest way to do it is to buy BTC with your bank and exchange BTC for GEM.
The fastest way is to buy it with a credit card, but the fees are higher.
How Can I Secure GEM Once I Purchase It?
The best way is to store your Gems in a secure wallet. Don’t leave your Gems on an exchange, they may be at risk if the exchange platform or your account get hacked.
How Can I Sell Gems (GEM)?
Find a good platform to exchange your GEM to other cryptocurrencies. If you want to exchange it to regular currency, trade your Gems for Bitcoin and exchange BTC into euro, dollars or any other currencies.
Can I Mine Gems?
No, GEM can’t be mined.
Get more info on Gems coin here.
Gems Price Prediction and Price Movement
According to the most recent data, Gems current price is $0.000207 and is now rated #2194 in the entire crypto ecosystem, with a circulation supply of 1,203,292,896 GEM coins and a market cap of $249,108 USD.
Gems current value has dropped by -7.65% in the last 24 hours. When we compare its current market cap to yesterday’s, we can notice that the market cap is down.
GEM has recently shown promising potential, and now may be an ideal moment to invest.
While its market capitalization is still considered small, the price of Gems can be quite volatile when compared to those with a larger market cap during strong market changes.
Even though GEM is struggling to get on board with other crypto coins, this coin may have good fundamentals, but we do not think it would be a profitable asset in the short run.
Please keep in mind that this analysis is only based on Gems historical price movements and is not intended to be financial advice. Traders should always conduct their own research and be careful when investing in cryptocurrency.
Read more on Gems price prediction/forecast here.