A Step-by-Step-Guide on how to buy DefiDollar (DUSD)
Step 1 – Join CEX.io You will first need to purchase one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click below to register and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. DefiDollar (DUSD) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this how-to) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate DefiDollar (DUSD) Once your deposit has been verified, you will directly have access to your funds and you can commence purchasing and trading. To buy DefiDollar (DUSD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot DefiDollar (DUSD), you will need to insert the short name of the asset (DUSD) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we've highlighted this also. Click on “DUSD/BTC” to continue.
Step 4 – Buy DefiDollar (DUSD) After you've spotted DefiDollar (DUSD), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order. The ”Price” field will be filled with the most recent price DefiDollar (DUSD) was traded for. This can be changed to your desired rate. The ”Amount” field is the amount of DUSD you want to buy. The ”Total” field is the whole price in Bitcoin that you will pay for the complete volumen of DUSD. If you are happy, make a mouse click on “Buy DUSD”. Your order will be filled when a Vendor trades their DUSD for the price you offered.
Step 5 – Withdraw DefiDollar (DUSD) Unless you're frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer time period. To take off your DefiDollar (DUSD), go to the ”Funds” tab and mouse click on “Withdraw”. DefiDollar (DUSD) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find DefiDollar (DUSD) by using the given drop-down box. Enter the volumen of DefiDollar (DUSD) you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a take off.