How to Buy Gitcoin (GTC) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Gitcoin and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Gitcoin.
  2. Register a new account.
  3. Fund your account.
  4. Buy Gitcoin.
GTC
$1.3361385515932

These steps are simple if you know where to buy Gitcoin cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Gitcoin (GTC) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Gitcoin Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

54

Only

54

of these exchanges sell Gitcoin.

We then filter down the entire set of possible marketplaces to only the ones that have active GTC markets.

31

Only

31

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

8

Only

8

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase Exchange

VISIT Coinbase Exchange Read Review
Reasons we ♥ Coinbase Exchange
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 254
FUNDING:
Bank Transfer (ACH)
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Debit Card
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Wire Transfer
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Paypal
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Apple Pay
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Google Pay
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SEPA
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EFTCAD
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Interac
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SGD Transfers
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3D Secure Card UK
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Easy Bank Transfer UK
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Faster Payments UK
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Instant Card Cashouts UK
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PayPal UK
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Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Gitcoin cryptocurrency.

You can buy Gitcoin on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Gitcoin (GTC)

After registering and funding your account at , you should be able to buy Gitcoin after your deposit finishes processing. After you receive your GTC, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Gitcoin Exchanges

Gitcoin is also available on these exchanges:

coinbase pro
Coinbase Exchange


Categories:DAO

Frequently Asked Questions

Yes, Gitcoin is safe to buy. It is listed for trade on some of our top-rated exchanges including Binance, Zengo, Coinbase Exchange, Bybit, OKX, Kraken, KuCoin, Gate.io, BingX.

You can buy Gitcoin instantly at Binance, Zengo, Coinbase Exchange using their instant buy feature or a credit card.

Yes you can buy less than one (1) GTC. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Gitcoin, you will need to deposit funds into your exchange account - which usually has no fees - and then buy GTC, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Gitcoin at Binance, Zengo, Coinbase Exchange.

Gitcoin Investment & Buying Guide

Diving into the dynamic realm of crypto, you’ve likely heard of Bitcoin and Ethereum. But there’s a new player on the block that’s turning heads: Gitcoin. This innovative platform is reshaping how open-source development gets funded, leveraging the power of cryptocurrency.

You’re about to uncover the intricacies of Gitcoin, a cryptocurrency that stands out with its unique mission to support open-source projects through blockchain technology. With a community-centric approach, Gitcoin is creating waves in the way developers collaborate and innovate.

As you explore Gitcoin, you’ll find it’s not just another digital currency; it’s a movement. With its potent combination of crowdfunding and collaborative development, Gitcoin is carving out a niche that could revolutionize the future of open-source funding. Get ready to delve into what makes Gitcoin a game-changer in the crypto space.

What is Gitcoin Cryptocurrency?

Gitcoin is not merely another cryptocurrency; it’s an ecosystem designed to fund and support open-source projects. Backed by blockchain technology, it ensures transparency and fosters community involvement in project development.

How does Gitcoin Compare to Other Cryptocurrencies?

Unlike traditional cryptocurrencies like Bitcoin, Gitcoin is deeply integrated with the open-source community. It’s tailored to enable collaborative efforts and streamline the way developers are compensated.

While other cryptocurrencies focus primarily on the store of value or digital cash aspects, Gitcoin aims to become the go-to platform for open-source funding. This unique approach is what sets it apart from the crowded crypto space.

It capitalizes on a blend of crowdfunding and collaborative development which is not commonly seen in other cryptos. Smart contract functionalities within the Gitcoin platform ensure that contributors are fairly rewarded for their efforts.

In comparison to coins that act more as investments, Gitcoin provides a more utilitarian purpose. It’s like comparing a tool specifically made for a job to a general tool; Gitcoin is the specialized tool for open-source innovation.

Other platforms may enforce their own governance and funding rules, but Gitcoin’s community-centric model empowers users to have a say in project directions and funding distributions.

Emerging prevalent in discussions around crypto’s role in real-world applications, Gitcoin stands out by directly addressing the sustainability of open-source software. Engaging a community-driven funding mechanism, it establishes a symbiotic relationship between developers and investors.

As blockchain tech evolves, so does the need for a dedicated cryptocurrency that bridges the gap between open-source contributors and financial support. Gitcoin’s distinct infrastructure provides this bridge, ensuring a more robust future for open-source ecosystems.

Gitcoin History & Growth

Gitcoin was launched in 2017, springing from the ambitious idea to revolutionize open-source funding. Its inception marked the start of a new era for developers seeking sustainable work on open-source projects. Kevin Owocki and Scott Moore, Gitcoin’s co-founders, believed in empowering coders and creators by connecting them with the funds needed to thrive.

The platform quickly garnered attention for its innovative use of Quadratic Funding, a model that maximizes community donations. This funding mechanism has propelled Gitcoin to the forefront of open-source financing. By 2019, Gitcoin had distributed over $1.5 million to open-source initiatives, validating its efficacy in addressing funding challenges.

In the following year, Gitcoin’s growth accelerated, impacting thousands of projects and developers. The platform’s user base and transaction volume surged, reflecting an increasing trend of digital assets fueling innovation. Gitcoin’s community-driven approach proved to be a significant draw for both developers and investors alike.

By 2021, the numbers illustrating Gitcoin’s impact were staggering. A milestone was achieved when the total funding crossed $10 million, distributed among numerous open-source endeavors.

Year Total Distributed Funding
2019 $1.5 Million
2021 Over $10 Million

These milestones highlight how Gitcoin has not only sustained but also boosted the open-source community with substantial financial contributions. With each passing year, Gitcoin continues to break new ground, fostering a vibrant ecosystem where developers can focus on their passion, secure in the knowledge that their work is valued and supported.

Buying Gitcoin with Different Payment Methods

Buying Gitcoin with a Credit Card

Purchasing Gitcoin with your credit card is a swift and convenient option available on many cryptocurrency exchanges. Ensure your card supports international and online transactions to avoid any disruptions in the purchase process.

Buying Gitcoin with a Debit Card

Using a debit card to buy Gitcoin is as straightforward as a credit card purchase, often entailing lower fees. Do confirm with your bank that your card is crypto-purchase enabled to prevent any declined transactions.

Buying Gitcoin with Apple Pay

Apple Pay provides a seamless and secure way to acquire Gitcoin through supported mobile apps and websites. It’s imperative to check that your wallet provider or exchange platform supports Apple Pay before attempting a transaction.

Buying Gitcoin with Paypal

Paypal users can take advantage of select cryptocurrency services to buy Gitcoin directly or fund their exchange accounts. Availability can vary by region, so it’s crucial to verify that the Paypal service is supported in your country.

Buying Gitcoin with a Bank Transfer

Bank transfers are a common method to purchase Gitcoin, especially for larger sums due to generally lower fees. Bear in mind, however, that bank transfers can take longer compared to instant payment methods like cards or PayPal.

Keeping Your Gitcoin Safe

When you’re investing in Gitcoin, security should be at the forefront of your mind. Safeguarding your digital assets is as essential as securing your physical valuables.

Software Wallets

Software wallets offer a convenient way to access your Gitcoin. They range from mobile and desktop applications to online platforms. Despite their accessibility, they are typically less secure than hardware wallets because they are connected to the internet, making them vulnerable to online attacks like phishing and hacking.

Hardware Wallets

Hardware wallets provide enhanced security for your Gitcoin by storing your private keys offline. They look similar to USB drives and are considered the most secure form of crypto wallets due to their resistance to online threats. Remember, a hardware wallet can protect your assets even if your computer is compromised.

Selling & Withdrawing Gitcoin

When you’re ready to cash out on your Gitcoin investments, understanding the selling process is crucial. Many exchange platforms offer a direct way to sell Gitcoin for fiat currencies like USD, EUR, or GBP. However, availability can vary based on your region and the policies of the exchange. Ensure that your chosen platform supports Gitcoin and provides straightforward withdrawal methods.

To withdraw funds, you’ll typically have two options: to your bank account or to a PayPal account. Not all platforms support PayPal withdrawals, so double-check if this is your preferred method. Bank withdrawals may incur additional fees and can take a few days to process.

Remember that transferring funds from exchanges to your bank account often involves verifying your identity and bank details. This process, known as Know Your Customer (KYC), is a security measure to prevent financial crimes. Compliance with KYC is a must for the majority of reputable exchanges and cannot be circumvented.

For those looking to reinvest or trade their Gitcoin, converting it to other cryptocurrencies might be a more suitable option. Crypto-to-crypto transactions can be faster and sometimes come with lower fees. However, staying aware of the tax implications of trading and selling cryptocurrencies is your responsibility. Tax regulations can be complex and may differ from one jurisdiction to another.

Is Gitcoin a Good Investment?

Determining whether Gitcoin is a good investment requires a look at its unique position in the market. Gitcoin’s platform supports open-source developers with funding for their projects. This funding model is disruptive, as it potentially shifts the way open-source work is incentivized within the software development community.

Past performance of Gitcoin shows that it’s had notable growth since its inception. However, it’s essential to remember that past performance is not indicative of future results. Your investment decision should always consider your risk tolerance and financial goals.

The successful application of the Gitcoin Quadratic Funding model suggest that it could scale and gain wider acceptance. The use of this model in multiple funding rounds points towards a progressive adoption curve.

Investor sentiment is often swayed by the broader cryptocurrency market trends. You’ll need to keep a pulse on the market dynamics to time your investment in Gitcoin effectively.

Regulatory clarity around cryptocurrencies continues to evolve and can impact the value of your crypto assets like Gitcoin. Stay informed about current and future regulations that may affect your investment.

Diversification within your investment portfolio is key to managing risk. Including Gitcoin as a part of a diversified portfolio could be a strategic move, balancing potential risk against possible reward.

Gitcoin Price Predictions

Evaluating Gitcoin’s future price is challenging due to the volatility inherent in cryptocurrency markets. However, experts analyze various factors such as market trends, technological advancements, and economic shifts to make educated guesses. Historical price actions often serve as a reference, but past performance is not indicative of future results.

AI-driven prediction models and market sentiment analysis are tools that attempt to forecast Gitcoin’s trajectory. These models take into account the dynamic nature of the crypto market, although they should be viewed with cautious optimism. Key indicators suggest potential growth driven by increased adoption and recognition of Gitcoin’s role in funding open-source projects.

Crypto enthusiasts and analytical platforms provide a spectrum of predictions ranging from conservative to optimistic. As of now, there’s a leaning towards a steady increase in Gitcoin’s value over the next few years. It’s important to remember market conditions can change rapidly and impact these forecasts.

Regulatory developments and technological breakthroughs could significantly affect Gitcoin’s price. It’s essential to keep abreast of the latest Gitcoin developments and broader crypto trends to inform your investment decisions. Regularly updating your research helps you understand the plausible price directions of Gitcoin.

Bear in mind that investing in cryptocurrency is inherently risky, and it’s vital to only invest what you can afford to lose. Diversification remains a key strategy in mitigating risk while capitalizing on potential gains within the volatile crypto market.

Additional Info

Navigating the dynamic realm of cryptocurrencies like Gitcoin requires a blend of savvy investment strategies and a thorough understanding of the market. You’ve learned about the various aspects of buying, storing, and selling Gitcoin, as well as the significance of adhering to KYC regulations. Remember, while Gitcoin holds the potential to disrupt open-source funding, it’s crucial to stay abreast of the latest regulatory and technological developments that could influence its value. As you consider adding Gitcoin to your portfolio, keep in mind the importance of diversification to manage risk effectively. Investing in crypto is an exciting venture, but it’s also fraught with uncertainties. Staying informed and cautious will be your best allies in this ever-evolving investment landscape.

Gitcoin (GTC)
Price
$1.3361385515932
24h Change
4.4
7d Change
7.1