How to Buy Gnosis (GNO)
The world of decentralized prediction markets is here today, but to use the technology to its full potential, you may need to buy GNO.
One of two cryptocurrencies that powers the Gnosis prediction market platform, GNO enables users to launch custom markets where they can wager on the outcome of future events.
By buying GNO, you’ll be able to purchase OWL, the cryptocurrency used to pay fees needed to create new markets on Gnosis. If you buy GNO, you’ll also have the opportunity to stake GNO and generate new OWL in exchange for helping operate the platform.
If this all sounds a bit complicated, we’ve put together a more extensive introductory guide that explains the inner-workings of the platform’s technology and the vision of its founding team.
If you just want to start trading and investing in GNO right away, click the button below to begin.
The GNO cryptocurrency is an integral part of the Gnosis prediction market platform, as users can only trade GNO for OWL, which is needed to create new markets and place wagers.
But, you may want to consider buy GNO even if you’re not an active user.
- Create your own prediction markets
- Diversify your long-term investment strategy
- Earn OWL and pay fees on the Gnosis platform
- Invest in Ethereum-based projects and tokens
- Wager on the outcome of future events.
Where can I buy GNO?
There are a number of different places where you can buy GNO. However, you may find that it is easiest to purchase this asset through a trusted global exchange like Kraken.
Kraken offers a wide selection of crypto assets and traditional currencies, with over 100 trading pairs. This means whether you want to sell USD or sell BTC for GNO, we can provide a robust and active global market with deep liquidity.
At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you.
How much GNO can I buy?
Looking to buy GNO on a budget? Don’t worry, Kraken offers a minimum order size of 0.05 GNO to help you gain exposure to a variety of assets.
Of course, you can also execute larger GNO buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 5,000 GNO or more on Kraken.
How to buy GNO on Kraken
Complete the verification process
After providing your name, date of birth, country of residence and phone number, you can buy GNO with cryptocurrencies like ETH and BTC. In order to use cash (i.e. EUR or GBP), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.
Deposit cash or cryptocurrency
To deposit crypto, just create a deposit address and send the funds to this address. Funding your account with cash for trading can be done in a number of ways, including SWIFT, SEPA and domestic wire transfers. The option you select will be based on your location and preference.
Once your account is funded, you’re ready to purchase GNO. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize spot trading on margin*, features that help make Kraken the platform of choice for millions of global traders.
*Availability of margin trading services is subject to certain limitations and eligibility criteria.
Trading is really pretty simple! If you have any questions about buying GNO, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your GNO
Once you buy GNO, you’ll need somewhere to safely store your cryptocurrency.
Kraken is secure, but it’s always safest to store your GNO in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.
There are many types of GNO wallets available. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage.
When choosing a crypto wallet for your GNO, first spend some time thinking about what you plan to do with your tokens to find a wallet that fits your needs.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold GNO in their accounts, we highly encourage you to separate any tokens you own into multiple wallets.
A world of prediction markets awaits, so if you’re ready to begin, click the button below to buy GNO on Kraken today!