A Step-by-Step-Guide on how to buy Gemini Dollar (GUSD)
Step 1 – Join CEX.io You will first need to buy units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Gemini Dollar (GUSD) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you've chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Gemini Dollar (GUSD) Once your deposit has been affirmed, you'll now have access to your assets and you can begin invest and trading. To buy Gemini Dollar (GUSD) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To locate Gemini Dollar (GUSD), you'll need to put the cointype (GUSD) into the search-box, which is marked in the graphic. Be certain of having selected the right pairing, we've marked this too. Click on “GUSD/BTC” to continue.
Step 4 – Buy Gemini Dollar (GUSD) Once you've spotted Gemini Dollar (GUSD), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our Limit Order. The ”Price” field will be filled automatically with the most up-to-date tariff Gemini Dollar (GUSD) was traded for. You can change this to your desired price. The ”Amount” field is the volumen of GUSD you like to buy. The ”Total” field is the total price in BTC that you will settle for the whole volumen of GUSD. When you're happy, click on “Buy GUSD”. Your order will be filled when a Vendor trades their GUSD for the price you submitted.
Step 5 – Withdraw Gemini Dollar (GUSD) Unless you're trading, never keep your coins on an Crypto Exchange for an extensive time period. To withdraw your Gemini Dollar (GUSD), hover over the tab called “Funds” and click on “Withdraw”. Gemini Dollar (GUSD) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate Gemini Dollar (GUSD) by using the given drop-down box. Drop in the quantity of Gemini Dollar (GUSD) you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're glad, click “Submit”. You could be requested for verfication via phone/email before a take off.