A Step-by-Step-Guide on how to buy mStable USD (MUSD)
Step 1 – Join CEX.io You will first need to buy one of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. mStable USD (MUSD) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Locate mStable USD (MUSD) As soon as your deposit has been verified, you'll now have access to your finances and you can start invest and trading. To buy mStable USD (MUSD) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”. To discover mStable USD (MUSD), you'll need to insert the short name of the asset (MUSD) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper grouping, we've marked this too. Click on “MUSD/BTC” to continue.
Step 4 – Buy mStable USD (MUSD) Once you've found mStable USD (MUSD), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order. The ”Price” field will be filled automatically with the most latest price mStable USD (MUSD) was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of MUSD you want to purchase. The ”Total” field is the whole price in BTC that you'll settle for the whole amount of MUSD. When you're satisfied, make a mouse click on “Buy MUSD”. Your plan will be filled when a Vendor sells their MUSD for the price you submitted.
Step 5 – Withdraw mStable USD (MUSD) Unless you are frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your mStable USD (MUSD), go to the tab called “Funds” and click on “Withdraw”. mStable USD (MUSD) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate mStable USD (MUSD) by using the provided drop-down box. Enter the amount of mStable USD (MUSD) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. When you are glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.