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 – Send Your Bitcoin or Ethereum to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Gemini Dollar (GUSD) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you have selected the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate Gemini Dollar (GUSD)

Once your deposit has been approved, you will immediately have access to your assets and you can commence buying and trading. To purchase Gemini Dollar (GUSD) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”.

In order to find Gemini Dollar (GUSD), you will need to insert the shortname of the coin (GUSD) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked 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)

Once you've located Gemini Dollar (GUSD), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to make our Limit Order.

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

When you are glad, make a mouse click on “Buy GUSD”. Your order will be filled when a Vender sells their GUSD for the price you introduced.

Step 5 – Withdraw Gemini Dollar (GUSD)

Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order 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'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

If you are satisfied, click on “Submit”. You could be asked for verfication via email/phone before a take off.

Binance Withdraw

Congrats! You've successfully purchased and stored Gemini Dollar (GUSD).

That's it!

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