A Step-by-Step-Guide on how to buy Universal US Dollar (UPUSD)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below for registration and getting Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Universal US Dollar (UPUSD) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Universal US Dollar (UPUSD) As soon as your deposit has been approved, you'll now have access to your assets and you can begin purchasing and trading. To buy Universal US Dollar (UPUSD) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate Universal US Dollar (UPUSD), you'll need to insert the shortname of the coin (UPUSD) into the search-box, which is marked in the graphic. Make sure you have choosen the right pairing, we have marked this also. Click on “UPUSD/BTC” to continue.
Step 4 – Acquisition of Universal US Dollar (UPUSD) After you have located Universal US Dollar (UPUSD), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to make our Limit Order. The ”Price” field will be filled with the recent price Universal US Dollar (UPUSD) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of UPUSD you like to purchase. The ”Total” field is the total price in BTC that you will pay for the complete quantity of UPUSD. If you are happy, make a mouse click on “Buy UPUSD”. Your plan will be filled as soon as a Seller sells their UPUSD for the price you submitted.
Step 5 – Withdraw Universal US Dollar (UPUSD) Unless you're trading, best advise is not to keep crypto on an Crypto Trader for an extended time period. To take off your Universal US Dollar (UPUSD), go to the tab called “Funds” and mouse click on “Withdraw”. Universal US Dollar (UPUSD) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Universal US Dollar (UPUSD) by using the given drop-down box. Put into the quantity of Universal US Dollar (UPUSD) you would like to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.