mStable USD
MUSD-
USD
$0.96
0.00%
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How to buy mStable USD (MUSD)
Learn how to buy mStable USD (MUSD) in our step-by-step guide.
mStable USD (MUSD) is in the top 1,000 cryptocurrencies by market cap, valued at $5,923,912.
mStable USD is a highly volatile asset capable of major price swings in a single day. Today MUSD is trading for $0.96036, which is slightly up from yesterday's trading price of $0.9645579491. mStable USD's seen a decrease of -4% over the past year.
So before you buy mStable USD, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy mStable USD.
How to buy mStable USD in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchangesThe easiest way to buy mStable USD is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an accountTo create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a depositOnce verified, you can deposit using the payment method that best suits you – fiat and cryptocurrency payments are widely accepted.
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Buy mStable USDYou can now exchange your funds for mStable USD. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your mStable USD to your personal wallet.
Where to buy mStable USD
Find an exchange to buy, sell and trade MUSD by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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How we keep this mStable USD guide up-to-date
- MUSD price data is regularly updated through data feeds so you always have the latest information.
- mStable USD performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
- Key information on coins and how to buy them is regularly reviewed by our editorial team of James Edwards, Frank Corva and Billy Endres.
- Our coin coverage and exchange information is regularly reviewed by our publishing experts Louise Vinciguerra and Molly Wiltshire-Bridle.
How do I find the best places to buy mStable USD?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy mStable USD?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading mStable USD.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing MUSD with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy mStable USD?
Once you've created an account, you will need to deposit funds to buy MUSD with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy MUSD:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase MUSD by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for MUSD on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy mStable USD?
The easiest way to buy MUSD is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Best mStable USD wallets to store your MUSD
You can keep your MUSD on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your MUSD below.
Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
Supported assets
5,500+
Trezor Model T Wallet
★★★★★ 4
Price (USD)
$219
Supported assets
1,456+
SafePal S1 Wallet
★★★★★
Price (USD)
$49.99
Supported assets
30,000+
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is mStable USD a good investment?
mUSD is the native token associated with the mStable platform. It allows users to facilitate a wide variety of internal transactions ranging from peer-to-peer (P2P) payments to asset minting within the network. Here are a few key aspects of the project worth considering before investing:
- Unique tokeomics: mUSD is mintable, fully redeemable in lieu of the various basket of assets underlying it. Not only that, the platform also offers clients with extremely low interest rates and high yields by making use of an operational model that combines adjustable lending income and trading fee rates.
- Novel dApps:As per the official company websitewebsite the mStable platform comes replete with a holistic dApp ecosystem allowing users to seamlessly swap their USD-based stablecoins (with zero-slippage) as well as save (earn interest) on their tokens using a high APY structure.
- Established backing team: The mStable protocol is the brainchild of James Simpson and Henrik Andersson, two well renowned tech entrepreneurs, who prior to joining the crypto market, worked for Apollo Capital, one of the largest asset managers in the world. Furthermore, in the past, Simpson and Andersson have also been associated with other stablecoins and lending projects designed to mitigate the pain points existing within today’s stablecoin market.
- Novel operational setup:mUSD tokens represent US Dollars within the context of a blockchain setup, being mintable and fully redeemable (in a permissionless manner) via the platform’s native smart contract network. Additionally, the tokens offer extremely lucrative “risk adjusted” saving APYs that are derived from a host of sources. Lastly, governance-wise, mStable’s day to day operations are looked after by a diverse community of stakeholders, who are afforded the power to provide ideas as well as vote on proposals geared towards enhancing the protocol.
Today's mStable USD price versus ATH
Compare today's price of mStable USD ($0.96036 USD) against its all-time high (ATH) price of $2.71 on July 25, 2022. The closer the bar is to 100%, the closer MUSD is to reaching its ATH again.
Current price: $0.96036
All time high: $2.71
How do I trade, convert or sell mStable USD?
You can convert or sell your MUSD with the same exchange you bought it through:- Sign in to the exchange you have MUSD on.
- If you store your mStable USD in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of MUSD you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of mStable USD.
- Complete your transaction and move your MUSD to a wallet for storage.
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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