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 or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. mStable USD (MUSD) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find mStable USD (MUSD) Once your deposit has been verified, you will immediately have access to your funds and you can initiate purchasing and trading. To purchase mStable USD (MUSD) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to discover mStable USD (MUSD), you will need to insert the cointype (MUSD) into the search-box, which is marked in the picture. Be certain of having choosen the proper grouping, we have marked this too. Click on “MUSD/BTC” to continue.
Step 4 – Acquisition of mStable USD (MUSD) Once you've located mStable USD (MUSD), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to create our Limit Order. The ”Price” field will be filled with the most latest rate mStable USD (MUSD) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of MUSD you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete quantity of MUSD. If you're glad, make a mouse click on “Buy MUSD”. Your plan will be filled when a Vender trades their MUSD for the price you gave.
Step 5 – Withdraw mStable USD (MUSD) Unless you're trading, best advise is not to keep your crypto coins on an Crypto Trader for an extensive period of time. In order to withdraw your mStable USD (MUSD), go to the ”Funds” tab and click on “Withdraw”. mStable USD (MUSD) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find mStable USD (MUSD) by using the provided drop-down box. Put into the volumen of mStable USD (MUSD) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, click “Submit”. You may be requested for phone/email verification ahead of a withdrawal.