A Step-by-Step-Guide on how to buy Gemini Dollar (GUSD)
Step 1 – Signup to Coinbase and get 10$ for free You will first need to purchase units of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and receive your first 10$.
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Gemini Dollar (GUSD) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Gemini Dollar (GUSD) Once your deposit has been verified, you will instantly have access to your funds and you can start invest and trading. To purchase Gemini Dollar (GUSD) on Binance, you will want to go to the ”Exchange” tab and mouse click on “Basic”. To find Gemini Dollar (GUSD), you will need to insert the cointype (GUSD) into the search box, which is marked in the image. Make sure you have choosen the proper grouping, we've marked this also. Click on “GUSD/BTC” to progress.
Step 4 – Acquisition of Gemini Dollar (GUSD) After you've spotted Gemini Dollar (GUSD), 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). Next we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date tariff Gemini Dollar (GUSD) was traded for. You can change this to your desired price. The field with the “Amount” tag is the amount of GUSD you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete amount of GUSD. If you're satisfied, make a mouse click on “Buy GUSD”. Your order will be filled as soon as a Vender sells their GUSD for the price you introduced.
Step 5 – Withdraw Gemini Dollar (GUSD) Unless you're frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your Gemini Dollar (GUSD), hover over the tab called “Funds” and click on “Withdraw”. Gemini Dollar (GUSD) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Gemini Dollar (GUSD) by using the given drop-down box. Put into the volumen of Gemini Dollar (GUSD) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, click “Submit”. You could be requested for phone/email verification ahead of a withdrawal.