A Step-by-Step-Guide on 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 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. mStable USD (MUSD) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find mStable USD (MUSD) Once your deposit has been approved, you'll instantly have access to your assets and you can initiate buying and trading. To purchase mStable USD (MUSD) on Binance, you'll want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate mStable USD (MUSD), you'll need to insert the shortname of the coin (MUSD) into the search box, which is highlighted in the picture. Make sure you have choosen the proper grouping, we've marked this also. Click on “MUSD/BTC” to progress.
Step 4 – Purchase mStable USD (MUSD) After you have spotted mStable USD (MUSD), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our own Limit Order. The ”Price” field will be automatically filled with the most recent price mStable USD (MUSD) was sold for. You can change this to your desired rate. The ”Amount” field is the amount of MUSD you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole volumen of MUSD. When you're glad, make a mouse click on “Buy MUSD”. Your plan will be filled as soon as a Seller trades their MUSD for the price you introduced.
Step 5 – Withdraw mStable USD (MUSD) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an longer time period. To take off your mStable USD (MUSD), go to the ”Funds” tab and mouse click on “Withdraw”. mStable USD (MUSD) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate mStable USD (MUSD) by using the provided drop-down box. Enter the volumen of mStable USD (MUSD) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, click “Submit”. You may be asked for email/phone verification before a take off.