A Step-by-Step-Guide on how to buy Dollars (USDX)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to buy one of the major currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below to register and getting your first 10 Dollar.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Dollars (USDX) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate (USDX) Dollars As soon as your deposit has been verified, you will immediately have access to your funds and you can commence buying and trading. To buy (USDX) Dollars on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To find (USDX) Dollars, you will need to put the shortname of the coin (USDX) into the search box, which is highlighted in the picture. Be certain of having choosen the right pairing, we've highlighted this also. Click on “USDX/BTC” to progress.
Step 4 – Buy Dollars (USDX) After you have spotted Dollars (USDX), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most up-to-date tariff Dollars (USDX) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of USDX you like to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the whole amount of USDX. If you are satisfied, click on “Buy USDX”. Your order will be filled as soon as a Seller sells their USDX for the price you submitted.
Step 5 – Withdraw (USDX) Dollars Unless you're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (USDX) Dollars, hover over the tab called “Funds” and mouse click on “Withdraw”. (USDX) Dollars can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDX) Dollars by using the provided drop-down box. Drop in the amount of (USDX) Dollars you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you're satisfied, click “Submit”. You could be asked for phone/email verification ahead of a take off.