How to Buy Gnosis (GNO)

How to Buy GNO in 3 Simple Steps

Have you placed your GNO order yet?

What is GNO?

Why buy Gnosis with Kraken?

How Much GNO Can I Buy With Kraken?

How to Keep Your GNO Investment Safe

What Can I Do With Gnosis After I Buy It?

How to Buy Gnosis FAQ

1. Is Gnosis worth buying?

   The short answer is that it depends on your own individual circumstances. For those that see value in blockchain projects focused on creating infrastructure tools that help to scale the Ethereum ecosystem, Gnosis may be a worthwhile investment.

2. How do beginners buy GNO?

   Beginners should first do their own research (and consider seeking professional advice) before buying GNO. Kraken’s What Is Gnosis? (GNO) article offers a good overview of the key facts surrounding Gnosis. With an understanding of the software, beginners can buy GNO in just a few minutes with as little as $10 on Kraken.

3. When is the best time to buy GNO?

   The traditional financial advice, that “it is impossible to time the market,” holds true for Gnosis too. However, the answer to this question ultimately depends on your goals and financial circumstances.
   Those that have concerns about timing the market should consider dollar cost averaging their GNO purchases using an exchange like Kraken. Dollar cost averaging allows you to purchase the same dollar amount of Gnosis on a consistent time interval, regardless of its market price. This allows you to constantly accumulate GNO, without having to worry about timing each market fluctuation. 

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4. Can I buy less than one GNO?

   Yes, you can buy less than one GNO. The minimum trade order on the Kraken trading platform is 0.01 GNO.

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5. Can I buy GNO with my bank account or debit/credit card?

   Yes, U.S. clients can buy GNO using their bank account. Kraken also enables our clients in several countries around the world to purchase Gnosis with their credit or debit card. A full list of funding options by country can be found here.

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6. How much GNO should I buy?

   Everyone’s financial situation, appetite for risk and objectives are different. GNO is subject to volatility and price fluctuations. Consider these factors as you evaluate how much Gnosis you are willing to buy.

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7. Where is the best place to buy Gnosis?

   GNO can be purchased from a variety of locations today, such as Crypto ATMs, various fintech platforms and even directly from other individuals. The easiest and safest place to purchase Gnosis is through a trusted cryptocurrency exchange like Kraken.
   With Kraken, you can count on our low fees, easy to use products, around the clock customer support and rigorous focus on the safety and security of your GNO. 

8. How long does it take to buy GNO?

   Using Kraken, it takes only a few minutes to buy Gnosis. Get started with our three-step process today to create your free account, connect your funding method and buy GNO. With Kraken’s mobile app, it has never been faster or easier to buy Gnosis.

9. Do I own my GNO?

   Unlike many other fintech and trading platforms that offer Gnosis, when you buy GNO on Kraken, it belongs to you. Kraken firmly believes in the self-sovereignty and the right to personal custody that Gnosis was built upon. Therefore, Kraken allows you to take your GNO off of the Kraken platform. You can store it in the wallet of your choice and decide how to use it. When you purchase Gnosis from Kraken, it is your digital property.

10. What can you buy with GNO?

    You can buy anything using Gnosis, as long as it is accepted as a medium of exchange. The use cases for Gnosis grow each day as the ecosystem finds new ways of creating uses for the GNO token.

11. How do I send GNO?

    Once you buy GNO, Kraken makes it easy to withdraw your funds and send GNO to any other GNO wallet in the world, whether that’s your own or someone else’s. From the Kraken funding page, select your GNO asset and then select withdraw. Enter the amount of Gnosis you wish to withdraw from your Kraken account and enter the GNO address (the long string of letters and numbers) set to receive the funds. 
    It is important to check and be absolutely sure that the GNO address you have entered is correct. If you do end up sending funds to the wrong address, even if just one character is wrong, the funds could be lost forever.

12. What is the maximum supply of Gnosis?

    The maximum supply of Gnosis is 10,000,000 GNO tokens. New coins enter circulation as a reward for verifying batches of transactions on the network, called blocks. The rate of distribution of block rewards influences the inflation rate of GNO. This issuance rate may be subject to change.

13. Is it better to buy Gnosis or Bitcoin?

    Everyone has different objectives. While both cryptocurrencies have well-established use cases, you should do your own research to understand which asset better suits your needs.

14. How is GNO taxed?

    After purchasing GNO, it is best to consult a tax professional to ensure that you are reporting your Gnosis holdings correctly.

15. What's the difference between Gnosis and GNO?

    Gnosis is the blockchain protocol which uses GNO as its native governance and staking cryptocurrency. While Gnosis is often used to describe the coin as well, GNO is the proper name for the cryptocurrency of the Gnosis protocol.

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