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 Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. mStable USD (MUSD) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Find mStable USD (MUSD) Once your deposit has been confirmed, you will immediately have access to your funds and you can start invest and trading. To purchase mStable USD (MUSD) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate mStable USD (MUSD), you will need to put the shortname of the coin (MUSD) into the search box, which is marked in the picture. Be certain of having selected the correct pairing, we've marked this also. Click on “MUSD/BTC” to proceed.
Step 4 – Acquisition of mStable USD (MUSD) As soon as you have found mStable USD (MUSD), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date tariff mStable USD (MUSD) was traded for. This can be changed to your favoured price. The ”Amount” field is the amount of MUSD you want to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete amount of MUSD. If you are happy, make a mouse click on “Buy MUSD”. Your plan will be filled when a Vender sells their MUSD for the price you offered.
Step 5 – Withdraw mStable USD (MUSD) Unless you're trading, you should never keepyour crypto coins on an Exchange for an extensive time period. To withdraw your mStable USD (MUSD), hover over the ”Funds” tab and mouse click on “Withdraw”. mStable USD (MUSD) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find mStable USD (MUSD) by using the given drop-down box. Enter the quantity of mStable USD (MUSD) you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address. If you're happy, click “Submit”. You may be asked for phone/email verification ahead of a withdrawal.