How to Buy USDS (USDS): A Step-by-Step Guide for South Africans

Introduction

When buying USDS, there are several factors to consider, including selecting a reliable exchange and the method of transaction. Fortunately, we've put together a list of reputable exchanges to assist you with the process.

Step-by-Step Guide for South African Investors

1. Select an Exchange
Research and select a cryptocurrency exchange that operates in South Africa and supports USDS trading. Consider factors such as fees, security, and user reviews.
Platform Mint Cost
Coinbase USDS (USDS) 1
Bitget USDS (USDS) 1
Probit USDS (USDS) 1,09
View all 5 prices
2. Open an Account
Register on the exchange's website or mobile app, providing your personal information and identity verification documents as required by South African regulations.
Platform Mint Cost
Coinbase USDS (USDS) 1
Bitget USDS (USDS) 1
Probit USDS (USDS) 1,09
View all 5 prices
3. Top Up Your Account
Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
4. Navigate to the USDS Market in South Africa
Once your account is funded, search for USDS (USDS) in the exchange's marketplace.
5. Select a Transaction Amount
Enter the desired amount of USDS you wish to buy.
6. Confirm Purchase
Preview the transaction details and confirm your purchase by clicking the "Buy USDS" or equivalent button.
7. Complete Transaction
Your USDS purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet in South Africa
It's always best to keep your cryptocurrency in a hardware wallet for security reasons. We always recommend Wirex or Trezor for South African users.

Platform	Mint	Cost
Coinbase	USDS (USDS)	1
Bitget	USDS (USDS)	1
Probit	USDS (USDS)	1,09

Platform	Mint	Cost
Coinbase	USDS (USDS)	1
Bitget	USDS (USDS)	1
Probit	USDS (USDS)	1,09

What to Keep in Mind

When purchasing USDS, it's crucial to select a reputable exchange that is user-friendly and offers competitive fees. After making your purchase, always transfer your crypto to a hardware wallet. This ensures that, regardless of what happens to the exchange, your crypto remains secure.

Latest Movements in the Market

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Market capitalisation: US$5,78B
24-hour trading volume: US$28,88M
Circulating supply: 5,78B USDS

Check the latest updates

Frequently Asked Questions About Purchasing USDS (USDS)

What is the current price of USDS?: As of the latest data, USDS (USDS) has two available rates, with the best rate being offered on Probit. However, the average rate is currently unavailable. It is essential to stay informed about the price fluctuations of USDS, as they can impact your understanding of the market. For real-time price comparisons and updates, consider utilizing platforms like Bitcompare, which offer comprehensive market insights and alerts.
How does USDS differ from its predecessor, DAI?: USDS is a rebranded version of DAI, reflecting updates in its tracking of circulating supply and wrappers. The transition aims to enhance clarity and functionality within the ecosystem. While both tokens serve similar purposes in stablecoin applications, the rebranding to USDS signifies a commitment to transparency and user engagement. For more detailed insights on USDS and its features, regularly check Bitcompare for the latest news and market analysis.
What factors influence the price of USD?: The price of USDS is influenced by various factors, including market demand, trading volume, and overall sentiment in the cryptocurrency market. Additionally, changes in the supply of USDS, liquidity on exchanges, and external economic conditions can impact its value. Staying informed about these factors is crucial for understanding price dynamics. For real-time updates and market sentiment analysis, consider utilizing Bitcompare, which provides comprehensive tools to track and compare cryptocurrency prices effectively.
Where can I find the best rates for USD?: The best rates for USDS can often be found on various cryptocurrency exchanges, with Probit currently offering the highest rate. To ensure you are getting the most competitive pricing, it is essential to compare rates across multiple platforms. Bitcompare provides real-time price comparisons and alerts, allowing users to efficiently track the best available rates for USDS. Regularly checking these resources can help you make informed decisions in the ever-changing cryptocurrency market.
How often should I check USD prices?: It is advisable to check USDS prices regularly, especially if you are actively trading or monitoring the market. Cryptocurrency prices can fluctuate significantly within short periods. Utilizing tools like Bitcompare can help you stay updated with real-time price comparisons and alerts tailored to your preferences. By monitoring USDS and market trends, you can gain a better understanding of its performance and make informed decisions based on the latest data and analyses.