How to Buy MASTER USD (MUSD)

A Step-by-Step-Guide on how to buy MASTER USD (MUSD)

Step 1 – Signup to eToro

You'll first need to buy one of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and to get yBTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. MASTER USD (MUSD) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

Make sure you have chosen the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find (MUSD) MASTER USD

Once your deposit has been confirmed, you will directly have access to your assets and you can start invest and trading. To purchase (MUSD) MASTER USD on Binance, you will want to hover over the tab which is called “Exchange” and click on “Basic”.

In order to spot (MUSD) MASTER USD, you will need to insert the shortname of the coin (MUSD) into the search box, which is marked in the picture. Make sure you have selected the right grouping, we have marked this too. Click on “MUSD/BTC” to continue.

Binance How To Buy 1 MASTER USD (MUSD)
Step 4 – Purchase MASTER USD (MUSD)

Once you have spotted MASTER USD (MUSD), 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 going to create our Limit Order.

The field with the “Price” tag will be automatically filled with the most recent valuation (MUSD) MASTER USD was traded for. You can change this to your preferred price. The “Amount” field is the amount of MUSD you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you will settle for the complete quantity of MUSD.

When you are happy, click on “Buy MUSD”. Your plan will be filled as soon as a Vender sells their MUSD for the price you submitted.

Step 5 – Withdraw MASTER USD (MUSD)

Unless you are frequently trading, never keep your coins on an Cryptocurrency Exchange for an longer period of time. To take off your MASTER USD (MUSD), hover over the “Funds” tab and click on “Withdraw”. (MUSD) MASTER USD can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (MUSD) MASTER USD by using the given drop-down box. Drop in the amount of MASTER USD (MUSD) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.

Kudos! You have successfully bought and stored MASTER USD (MUSD).

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you've confirmed your take off with Ethplorer.io or Etherscan.io and the MASTER USD (MUSD) is safe inside your wallet, you're finished.