How to Buy mStable USD (MUSD)

Step 1 – Signup to Kraken

You'll first need to buy one of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and getting Funds.

Step 2 – Transfer Your Bitcoin or Ethereum to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. mStable USD (MUSD) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you have chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).

Step 3 – Find mStable USD (MUSD)

As soon as your deposit has been verified, you'll immediately have access to your funds and you can initiate buying and trading. To invest in mStable USD (MUSD) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

In order to discover mStable USD (MUSD), you'll need to insert the short name of the asset (MUSD) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we've marked this also. Click on “MUSD/BTC” to go ahead.

Step 4 – Purchasing mStable USD (MUSD)

Once you have discovered mStable USD (MUSD), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are going to make our own Limit Order.

The ”Price” field will be filled with the most latest tariff mStable USD (MUSD) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of MUSD you like to purchase. The ”Total” field is the total price in BTC that you'll pay for the whole volumen of MUSD.

When you're glad, make a mouse click on “Buy MUSD”. Your order will be filled when a Seller trades their MUSD for the price you submitted.

Step 5 – Withdraw mStable USD (MUSD)

Unless you're frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your mStable USD (MUSD), hover over the tab called “Funds” and click on “Withdraw”. mStable USD (MUSD) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find mStable USD (MUSD) by using the provided drop-down box. Enter the quantity of mStable USD (MUSD) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you are glad, click “Submit”. You may be asked for email/phone verification before a withdrawal.