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 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an 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 example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have selected the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Find Gemini Dollar (GUSD) Once your deposit has been confirmed, you will now have access to your assets and you can commence invest and trading. To invest in Gemini Dollar (GUSD) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To spot Gemini Dollar (GUSD), you'll need to put the cointype (GUSD) into the search box, which is marked in the picture. Be certain of having selected the proper pairing, we have highlighted this also. Click on “GUSD/BTC” to progress.
Step 4 – Buy Gemini Dollar (GUSD) Once you've located Gemini Dollar (GUSD), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we are making our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate Gemini Dollar (GUSD) was traded for. This can be changed to your favoured rate. The ”Amount” field is the volumen of GUSD you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole volumen of GUSD. If you're glad, make a mouse click on “Buy GUSD”. Your plan will be filled as soon as a Seller trades their GUSD for the price you offered.
Step 5 – Withdraw Gemini Dollar (GUSD) Unless you are frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. To withdraw your Gemini Dollar (GUSD), hover over the ”Funds” tab and mouse click on “Withdraw”. Gemini Dollar (GUSD) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Gemini Dollar (GUSD) by using the provided drop-down box. Drop in the amount of Gemini Dollar (GUSD) you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a withdrawal.
Kudos! You've successfully purchased and stored Gemini Dollar (GUSD).That's it! Withdrawals from Crypto Trader can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (GUSD) Gemini Dollar is safe in your wallet, you are done.
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