A Step-by-Step-Guide on how to buy mStable USD (MUSD)
Step 1 – Signup to Coinbase – Get Free $10 You'll first need to buy one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below to register and to get your welcome $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. mStable USD (MUSD) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this manual) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Find mStable USD (MUSD) As soon as your deposit has been confirmed, you will directly have access to your funds and you can initiate invest and trading. To invest in mStable USD (MUSD) on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate mStable USD (MUSD), you will need to insert the cointype (MUSD) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we have highlighted this too. Click on “MUSD/BTC” to go on.
Step 4 – Buying mStable USD (MUSD) As soon as you have discovered mStable USD (MUSD), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most latest rate mStable USD (MUSD) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the quantity of MUSD you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the whole quantity of MUSD. When you're glad, make a mouse click on “Buy MUSD”. Your plan will be filled when a Seller trades their MUSD for the price you offered.
Step 5 – Withdraw mStable USD (MUSD) Unless you are trading, never keep your crypto coins on an Crypto Exchange for an extensive period of time. To withdraw your mStable USD (MUSD), go to the ”Funds” tab and mouse click on “Withdraw”. mStable USD (MUSD) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate mStable USD (MUSD) by using the given drop-down box. Put into the volumen of mStable USD (MUSD) you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.