A Step-by-Step-Guide on how to buy Gemini Dollar (GUSD)
Step 1 – Join Coinbase – Get Free $10 In the beginning you'll need to purchase one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and to get your welcome 10 Dollar.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Gemini Dollar (GUSD) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find Gemini Dollar (GUSD) As soon as your deposit has been confirmed, you'll instantly have access to your finances and you can initiate invest and trading. To invest in Gemini Dollar (GUSD) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. In order to locate Gemini Dollar (GUSD), you'll need to insert the short name of the asset (GUSD) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we have highlighted this also. Click on “GUSD/BTC” to continue.
Step 4 – Purchasing Gemini Dollar (GUSD) Once you have spotted Gemini Dollar (GUSD), you will be given 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 automatically filled with the most recent price Gemini Dollar (GUSD) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of GUSD you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete volumen of GUSD. If you are happy, make a mouse click on “Buy GUSD”. Your plan will be filled as soon as a Vendor trades their GUSD for the price you gave.
Step 5 – Withdraw Gemini Dollar (GUSD) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. To withdraw your Gemini Dollar (GUSD), hover over the tab called “Funds” and mouse click on “Withdraw”. Gemini Dollar (GUSD) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Gemini Dollar (GUSD) by using the given drop-down box. Enter the amount of Gemini Dollar (GUSD) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your right withdraw address. When you're glad, click on “Submit”. You may be requested for email/phone verification before a take off.