Golem is an Ethereum-based blockchain project that serves as a marketplace for renting computing power. It is like a decentralized cloud that allows users to rent each other free resources on their machines for different complicated calculations.
Golem Network Token or GNT is a utility token and it is used to pay for renting computing power in the network. All GNT coins already exist and they can’t be mined. Golem staking is also not available. GNT coins can be earned either by sharing computing resources to other users in the Golem network or by trading, for example, on CEX.IO.
CEX.IO provides a lot of different options to buy crypto and strives to be the best cryptocurrency exchange, especially in terms of security and reliability. On CEX.IO, it is possible to buy BTC with credit card, debit card, international/domestic bank transfers, and online wallets. All these payment options are also available for dozens of other cryptocurrencies that you can find on CEX.IO, and Golem is one of them.
If you want to buy Golem instantly with a payment card, then you should use Instant Buy service. Just choose the pre-calculated pack or enter the amount you want to buy, then add your card and confirm the transaction. The whole process is straightforward and takes a few minutes.
If a payment card is not an option for you, then you can add funds to your balance using international (SWIFT) or domestic (ACH, SEPA, Faster Payments) bank transfers. Skrill is available as well. After balance replenishment, visit our Trade page and buy Golem by placing an order.
So you are on the Trade page. There you’ll see a long list of all the available markets: Bitcoin Cash to USD, ETH to BTC, Litecoin to GBP, etc. Currently, CEX.IO has more than 100 markets and counting.
Choose the GNT/USD pair to find the last Golem price, price chart, volume, order book, and other useful information about the market. You can find there a lot of trading tools that make your trading easier and well-informed.
To start trading Golem coin to USD, you need to place an order. Before doing that, you need to choose what type of order you want to place. There are two types of orders — market and limit. The market order executes instantly at the current market price and it can’t be reversed. The limit order allows you to set the price you want to buy or sell with, but order execution is not instant and you should wait until the price reaches the specified level. It is possible to cancel a limit order before its full execution.
If you want to sell Golem instantly, you can use a few options on CEX.IO.
One of them is placing a market sell order. Go to the Trade page and enter your order details. As soon as your sell order matches the respective buy order from the order book, your crypto will be sold. The fiat funds will land your CEX.IO balance in seconds.
Another option is using Instant Sell service that is available on CEX.IO mobile app. It works the same as the Instant Buy service but allows you to sell crypto and withdraw fiat funds on your bank card instantly.
The CEX.IO mobile app also has a lot of other unique features, like Instant Exchange service or price notifications. With CEX.IO mobile app, you can control your finances anywhere and anytime.