A Step-by-Step-Guide on how to buy mStable USD (MUSD)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get your Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. mStable USD (MUSD) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Find (MUSD) mStable USD As soon as your deposit has been verified, you will immediately have access to your assets and you can initiate purchasing and trading. To buy (MUSD) mStable USD on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To locate (MUSD) mStable USD, you will need to insert the short name of the asset (MUSD) into the search box, which is highlighted in the picture. Be certain of having selected the right grouping, we have highlighted this too. Click on “MUSD/BTC” to advance.
Step 4 – Purchasing mStable USD (MUSD) Once you've found mStable USD (MUSD), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our Limit Order. The field with the “Price” tag will be filled with the most recent valuation mStable USD (MUSD) was sold for. You can change this to your favoured rate. The ”Amount” field is the quantity of MUSD you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the whole quantity of MUSD. If you're satisfied, make a mouse click on “Buy MUSD”. Your order will be filled as soon as a Seller sells their MUSD for the price you gave.
Step 5 – Withdraw mStable USD (MUSD) Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Trader for an extended time period. In order to take off your mStable USD (MUSD), hover over the ”Funds” tab and click on “Withdraw”. mStable USD (MUSD) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find mStable USD (MUSD) by using the given drop-down box. Put into the quantity of mStable USD (MUSD) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, click on “Submit”. You could be requested for phone/email verification before a withdrawal.