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How to Buy Gemini Dollar (GUSD)

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).

Binance Signup
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Gemini Dollar (GUSD) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find Gemini Dollar (GUSD)

Once your deposit has been verified, you will now have access to your finances and you can initiate buying and trading. To purchase Gemini Dollar (GUSD) on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate Gemini Dollar (GUSD), you will need to insert the shortname of the coin (GUSD) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “GUSD/BTC” to go ahead.

{How to buy Coin on Binance 1|Binance How To Buy 1} Gemini Dollar (GUSD)
Step 4 – Buying Gemini Dollar (GUSD)

After you have located Gemini Dollar (GUSD), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order.

The ”Price” field will be filled with the most up-to-date valuation Gemini Dollar (GUSD) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of GUSD you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of GUSD.

When you're glad, click on “Buy GUSD”. Your plan will be filled as soon as a Vendor trades their GUSD for the price you offered.

Step 5 – Withdraw Gemini Dollar (GUSD)

Unless you're frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extended period of time. In order to take off your Gemini Dollar (GUSD), go to the tab called “Funds” and mouse 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. Enter the amount of Gemini Dollar (GUSD) you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have entered your correct withdraw address.

When you are happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and safed Gemini Dollar (GUSD).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the Gemini Dollar (GUSD) is stored in your wallet, you're finished.

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