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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Gemini Dollar (GUSD) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate Gemini Dollar (GUSD)

As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can initiate buying and trading. To purchase Gemini Dollar (GUSD) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

To locate Gemini Dollar (GUSD), you'll need to put the short name of the asset (GUSD) into the search-box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “GUSD/BTC” to continue.

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

Once you've spotted Gemini Dollar (GUSD), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're going to make our own Limit Order.

The ”Price” field will be filled automatically with the most up-to-date price Gemini Dollar (GUSD) was traded for. This can be changed to your preferred price. The field with the “Amount” tag is the amount of GUSD you wish to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole quantity of GUSD.

When you are glad, 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 are regularly trading, never keep your crypto on an Crypto Trader for an extensive time frame. To take off your Gemini Dollar (GUSD), hover over the ”Funds” tab and click on “Withdraw”. Gemini Dollar (GUSD) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are satisfied, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Binance Withdraw

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

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (GUSD) Gemini Dollar is safe within your wallet, you are all done.

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