A Step-by-Step-Guide on how to buy DefiDollar (DUSD)
Step 1 – Signup to CEX.io You'll first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and to get your Ethereum or Bitcoin.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto 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 similar. DefiDollar (DUSD) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find DefiDollar (DUSD) As soon as your deposit has been affirmed, you will directly have access to your finances and you can initiate invest and trading. To buy DefiDollar (DUSD) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To find DefiDollar (DUSD), you will need to insert the cointype (DUSD) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we've highlighted this too. Click on “DUSD/BTC” to go on.
Step 4 – Purchase DefiDollar (DUSD) After you have found DefiDollar (DUSD), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our Limit Order. The field with the “Price” tag will be filled with the most recent valuation DefiDollar (DUSD) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of DUSD you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of DUSD. If you're happy, make a mouse click on “Buy DUSD”. Your plan will be filled when a Seller trades their DUSD for the price you introduced.
Step 5 – Withdraw DefiDollar (DUSD) Unless you're regularly trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended time period. To withdraw your DefiDollar (DUSD), go to the tab called “Funds” and mouse click on “Withdraw”. DefiDollar (DUSD) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find DefiDollar (DUSD) by using the given drop-down box. Put into the amount of DefiDollar (DUSD) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, click on “Submit”. You could be requested for verfication via phone/email before a take off.