How to Buy DefiDollar (DUSD)

A Step-by-Step-Guide on how to buy DefiDollar (DUSD)

Step 1 – Join Kraken

You'll first need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for Altcoins. Follow the Link below to register and getting ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. DefiDollar (DUSD) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find DefiDollar (DUSD)

As soon as your deposit has been affirmed, you will now have access to your funds and you can start buying and trading. To invest in DefiDollar (DUSD) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to discover DefiDollar (DUSD), you will need to insert the short name of the asset (DUSD) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we have marked this too. Click on “DUSD/BTC” to proceed.

Binance Hot To Buy DefiDollar (DUSD)
Binance How to Buy (DUSD) DefiDollar
Step 4 – Buy DefiDollar (DUSD)

As soon as you have discovered DefiDollar (DUSD), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our Limit Order.

The ”Price” field will be filled with the most recent rate DefiDollar (DUSD) was traded for. You can change this to your favoured price. The ”Amount” field is the volumen of DUSD you like to purchase. The field with the “Total” tag is the whole price in BTC that you will pay for the complete volumen of DUSD.

When you are happy, make a mouse click on “Buy DUSD”. Your plan will be filled when a Seller sells their DUSD for the price you submitted.

Step 5 – Withdraw DefiDollar (DUSD)

Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extensive period of time. In order to take off your DefiDollar (DUSD), go to the tab called “Funds” and click on “Withdraw”. DefiDollar (DUSD) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate DefiDollar (DUSD) by using the provided drop-down box. Drop in the amount of DefiDollar (DUSD) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and stored DefiDollar (DUSD).

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the (DUSD) DefiDollar is safe in your wallet, you're done.

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