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 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

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

Make sure you've chosen the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Locate Gemini Dollar (GUSD)

Once your deposit has been verified, you will now have access to your finances and you can commence invest and trading. To buy Gemini Dollar (GUSD) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to spot Gemini Dollar (GUSD), you'll need to insert the short name of the asset (GUSD) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we have highlighted this also. Click on “GUSD/BTC” to continue.

Step 4 – Buying Gemini Dollar (GUSD)

As soon as you've located Gemini Dollar (GUSD), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation Gemini Dollar (GUSD) was traded for. This can be changed to your desired rate. The ”Amount” field is the quantity of GUSD you wish to buy. The ”Total” field is the total price in BTC that you'll settle for the complete volumen of GUSD.

When you are satisfied, make a mouse click on “Buy GUSD”. Your order will be filled as soon as a Seller sells their GUSD for the price you introduced.

Step 5 – Withdraw Gemini Dollar (GUSD)

Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extended 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 safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Gemini Dollar (GUSD) by using the given drop-down box. Drop in the volumen of Gemini Dollar (GUSD) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, click on “Submit”. You could be requested for phone/email verification ahead of a take off.