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.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Gemini Dollar (GUSD) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this guide) Make sure you have chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find Gemini Dollar (GUSD) As soon as your deposit has been verified, you will directly have access to your funds and you can initiate buying and trading. To invest in Gemini Dollar (GUSD) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate Gemini Dollar (GUSD), you will need to put the shortname of the coin (GUSD) into the search box, which is highlighted in the graphic. Be certain of having choosen the proper pairing, we have highlighted this also. Click on “GUSD/BTC” to go ahead.
Step 4 – Buy Gemini Dollar (GUSD) After you have spotted Gemini Dollar (GUSD), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). Next we are making our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date rate Gemini Dollar (GUSD) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of GUSD you wish to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of GUSD. When you're glad, click on “Buy GUSD”. Your plan will be filled as soon as a Vender trades their GUSD for the price you submitted.
Step 5 – Withdraw Gemini Dollar (GUSD) Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Gemini Dollar (GUSD), go to the ”Funds” tab and mouse click on “Withdraw”. Gemini Dollar (GUSD) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Gemini Dollar (GUSD) by using the given drop-down box. Put into the quantity of Gemini Dollar (GUSD) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.