How and Where to Buy GAMB (GMB) – Detailed Guide
- What is GMB?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade GMB
- Last Step: Store GMB securely in hardware wallets
- Other useful tools for trading GMB
- Frequently Asked Questions
- Latest News for GMB
- GMB Price Prediction and Price Movement
What is GMB?
What is GMB and the GAMB Company?
GAMB Power to the Merchants, in partnership with Globra, offers an online marketplace called GLMall enabling merchants and their customers to perform daily e-commerce in crypto. To do so, GAMB uses a proprietary parallel chain system by creating a “clone” coin (GMBT) on the SkyFiber blockchain, to its publicly traded ECR-20 parent token (GMB). GMB and its parallel clone are the native tokens of GLMall. This revolutionary and patent-pending parallel token solution allows crypto payments without any blockchain-related transfer or gas fees and is the key to implementing crypto payments in daily e-commerce.
Why should I buy GMB?
By being a GMB holder you will be part of the first decentralized online marketplace operating in the real world and the metaverse. GMB is easily swappable into its parallel coin GMBT which can be used to purchase goods or services on the marketplace without any fees.
How many GMB are in circulation?
All of 5.000.000.000 GMB created have been created and issued, along with the same number of clone tokens GMBT.
What makes GMB so unique?
GAMB’s unique parallel chain solution allows transactions to be completely free, infinitely scalable. For any one active GMBT coin used for transactions on the marketplace (i.e., within the SkyFiber blockchain), one GMB token is locked on the ETH blockchain until a re-swap occurs. This directly limiting impact on GMB liquidity on the ETH blockchain, created through the increased utilization of the GMBT on the Marketplace, forms an organically value-driving token economy.
What is the technical basis of GMB/GMBT?
GMB is an ECR 20 Token and a licensed utility token. Its parallel clone GMBT's is built on the Skyfiber blockchain using its unique consensus algorithm called "Obelisk". Obelisk consensus mechanism uses a PoT (Proof-of-Trust) consensus algorithm which establishes a unique validation mechanism modeled on a 'web of trust' topography and distributing influence across the network in a manner reminiscent of human social dynamics. Every node has a list of trusted nodes to which it subscribes to and the more subscribers a node has, the more influence it has on the network. Due to the transparent and public nature of the decisions and trust lists located on each node's individual blockchain, a misbehaving node can easily be identified and isolated by the community as nodes will simply remove the malicious node from their trust list, causing the node's influence to decrease. This mechanism allows the community to shift the balance of power on the network rapidly which brings about a highly democratic and decentralized decisioning process.
Where can I buy GMB?
GMB tokens can be purchased on most KuCoin, Coinsbit & Azbit and provides four trading pairs BTC, ETH, BNB, USDT.
Want to keep track of GMB prices live? Download the CoinMarketCap mobile app! Want to convert GMB price today to your desired fiat currency? Check out CoinMarketCap exchange rate calculator.
Most recent articles about GAMB:
https://www.glbrain.com/index.php?r=content/view&id=40813 https://www.youtube.com/watch?v=MSDIqmoFcuo&t=1279s https://finance.yahoo.com/news/first-cinematic-nft-film-series-135800667.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr
GMB was first tradable on 26th Mar, 2019. It has a total supply of 5,000,000,000. As of right now GMB has a market capitalization of USD $2,451,652.83. The current price of GMB is $0.000490 and is ranked 1202 on Coinmarketcap and has recently surged 32.20 percent at the time of writing.
GMB has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy GMB.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
But we are not done yet, since GMB is an altcoin we need to transfer our BTC to an exchange that GMB can be traded. Below is a list of exchanges that offers to trade GMB in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase GMB from the exchange view.
Last Step: Store GMB securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your GMB for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy GMB with cash?
There is no direct way to buy GMB with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy GMB in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy GMB or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Latest News for GMB
