How to Buy Gemini Dollar (GUSD) in Armenia

A Step-by-Step-Guide on how to buy Gemini Dollar (GUSD) in Armenia

Step 1 – Signup to Coinmama

You'll first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and getting your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. Gemini Dollar (GUSD) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar}

As soon as your deposit has been verified, you'll directly have access to your finances and you can begin buying and trading. To invest in {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar} on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

To discover {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar}, you'll need to insert the cointype (GUSD) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've highlighted this also. Click on “GUSD/BTC” to go on.

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

After you have found {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar}, you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest valuation {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar} was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of GUSD you like to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of GUSD.

If you are happy, make a mouse 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)|(GUSD) Gemini Dollar}

Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. In order to take off your {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar}, hover over the tab called “Funds” and click on “Withdraw”. {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar} by using the given drop-down box. Enter the amount of {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar} you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you're happy, click “Submit”. You could be requested for email/phone verification before a take off.

Congrats! You've successfully bought and stored Gemini Dollar (GUSD) in Armenia.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Etherscan.io or Ethplorer.io and the {Gemini Dollar (GUSD)|(GUSD) Gemini Dollar} is safe within your wallet, you're done.

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