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).
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. DefiDollar (DUSD) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate DefiDollar (DUSD) Once your deposit has been affirmed, you'll directly have access to your funds and you can begin buying and trading. To buy DefiDollar (DUSD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to find DefiDollar (DUSD), you'll need to put the cointype (DUSD) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “DUSD/BTC” to advance.
Step 4 – Buying DefiDollar (DUSD) As soon as you have located DefiDollar (DUSD), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). Next we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest price DefiDollar (DUSD) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of DUSD you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole amount of DUSD. If you're glad, click on “Buy DUSD”. Your plan will be filled as soon as a Vendor trades their DUSD for the price you offered.
Step 5 – Withdraw DefiDollar (DUSD) Unless you are regularly trading, never keep your coins on an Crypto Trader for an extensive period of time. In order to withdraw your DefiDollar (DUSD), hover over the ”Funds” tab and click on “Withdraw”. DefiDollar (DUSD) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate DefiDollar (DUSD) by using the provided drop-down box. Drop in the volumen of DefiDollar (DUSD) you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you are happy, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.
Congratulations! You've successfully purchased and stored DefiDollar (DUSD).That's it! Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (DUSD) DefiDollar is stored within your wallet, you are all done.
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