How to Buy Gemini Dollar (GUSD)

A Step-by-Step-Guide on how to buy Gemini Dollar (GUSD)

Step 1 – Signup to Kraken

You will first need to purchase units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting Funds.

Binance Signup
Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Gemini Dollar (GUSD) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Locate Gemini Dollar (GUSD)

Once your deposit has been approved, you will now have access to your assets and you can commence buying and trading. To purchase Gemini Dollar (GUSD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover Gemini Dollar (GUSD), you'll need to insert the shortname of the coin (GUSD) into the search box, which is highlighted in the image. Make sure you have choosen the correct pairing, we have highlighted this too. Click on “GUSD/BTC” to go on.

Binance Hot To Buy Gemini Dollar (GUSD)
Binance How to Buy (GUSD) Gemini Dollar
Step 4 – Buy Gemini Dollar (GUSD)

As soon as you've spotted Gemini Dollar (GUSD), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're going to create our own Limit Order.

The ”Price” field will be filled with the most recent price Gemini Dollar (GUSD) was traded for. You can change this to your preferred rate. The ”Amount” field is the amount of GUSD you wish to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the whole quantity of GUSD.

When you are happy, click on “Buy GUSD”. Your order will be filled as soon as a Seller trades their GUSD for the price you gave.

Step 5 – Withdraw Gemini Dollar (GUSD)

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time frame. To take off your Gemini Dollar (GUSD), hover over the tab called “Funds” and mouse click on “Withdraw”. Gemini Dollar (GUSD) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Gemini Dollar (GUSD) by using the provided drop-down box. Enter the amount of Gemini Dollar (GUSD) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, click “Submit”. You may be asked for verfication via phone/email before a take off.

Binance Withdraw

Kudos! You've successfully bought and stored Gemini Dollar (GUSD).

That's it!

Withdrawals from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the (GUSD) Gemini Dollar is safe in your wallet, you are finished.

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