1) Register on Waves.Exchange
a) Click on the Get Started button in the top right;
b) Think of a secure password containing small and capital letters, numbers, and special symbols. Write down or otherwise save your password in a very safe location. Click on Continue:
c) If you already have a Waves wallet, you can import it using your seed phrase, private key, Keystore file, Ledger cold wallet, or Waves Keeper. If you don't have a Waves account yet, click on Create a New Account:
d) Choose one of the 4 avatars and click on Continue. On the next screen, name your account – you can choose any name you like. Click on Continue again - and you’re done. That's it: you don't even need to provide your email address. Waves.Exchange adheres to the strictest standards of privacy.
e) Important: back up your seed phrase! Click on your username in the top right and choose Settings:
In the popup that appears, choose Security and then on Show or Copy in the Seed Phrase field. You'll need to enter your account password to see the seed phrase.
Remember: the seed phrase is the ONLY way to restore access to your funds if you lose your device. If anyone gains access to your seed phrase, they will steal your funds. So make sure to save it where only you can find it.
For more information on registering and recovering an account, see the Account Management guide.
2) Buy USDN
If you don't have any USDN yet, there are two ways to obtain them on Waves.Exchange: with a bank card without fees or via the trading interface.
Buying USDN with Visa/MasterCard through our partner AdvCash
a) In the top center of the screen, click on Investments. In the USDN staking box, click on Start Staking.
b) Click on Buy with Card. In the popup that appears, check the Credit or Debit Card option and enter an amount in USD you'd like to spend (the minimum is 10 USD). Click on Buy USDN, and the system will take you to the AdvCash payment page:
c) Create a new AdvCash account or log in if you already have one. Enter card details and your email, and click on Pay.
You will need to complete a short KYC. Don’t worry, you’ll only have to do it once.
To do this, read the information in the appeared window and click on Continue.
Note that depending on the type of your card, it can take up to 24 hours to process your payment, though most of the time you will receive your USDN within a few minutes.
2) In the Trading section
In order to buy USDN on the exchange, you'll need some other crypto to buy it with. You can also buy USDN for BTC, USDT, WAVES etc. Therefore, you'll first need to send any of these coins from an external blockchain wallet or another exchange into your wallet on Waves.Exchange.
a) Go to Wallet
Locate the coin you'd like to send to Waves.Exchange and click on Receive (the downward arrow). In the Receive popup, copy the receiving address:
b) Send the coins from your external wallet to this address. Make sure you are sending the correct coin, or your funds will be lost. Also, note that you can't send ERC20 tokens – only ETH.
c) After a few minutes, check your wallet dashboard or the Portfolio section to check that the coins have been deposited. Now you're ready to buy USDN on the exchange!
d) In the Trading section, pick the ALL tab in the currency pair list in the top left. Enter USDN in the search box to find the tradable pairs:
e) Click on the pair you need. In our example, it's ETH/USDN.
f) In the bottom right, switch to Sell to make sure that the button at the bottom says Sell ETH, not Buy ETH:
g) Enter the desired amount you'd like to spend – or choose one of the preset amounts (25%, 50%, 75% or 100% of your holdings). Choose in which currency you'd like to pay the fee (you need to have that currency in your Waves.Exchange wallet).
h) Click on the Sell button.
For more details on buying cryptocurrency via the trading interface, see Start Trading on Waves.Exchange.
How to withdraw or cash out USDN: crypto and bank card
There are two ways to cash out USDN: via the trading interface on Waves.Exchange and then AdvCash or third-party exchange services.
Sign in to your account on Waves.Exchange, go to the Investments section and click on Stake USDN to enter your staking page.
Click on Withdraw. In the popup that appears, enter the amount you wish to withdraw and again click on Withdraw to confirm. The funds will be returned to your available balance.
Now you can decide how you want to cash out your USDN.
1) Convert USDN into BTC or ETH and cash out via AdvCash
a) In the Trading section, pick the ALL tab in the currency pair list in the top left. Enter USDN in the search box to find the tradable pairs. Click on BTC/USDN:
b) In the bottom right, switch to Buy to make sure that the button at the bottom says Buy BTC:
c) Enter the desired amount you'd like to convert and the currency in which you'd like to pay the fee (for example, USDN).
d) Click on the Sell button. Note that large orders (over 1,000 USDN) can take some time to fill.
Now that you’ve cashed out into BTC, you can withdraw them to your card. We recommend doing it through our trusted partner AdvCash - a reliable and safe digital wallet and exchange service that is already integrated with Waves.Exchange.
e) If you’ve used AdvCash to buy USDN with your card and completed the KYC, you already have a verified AdvCash account. If not, you can easily register on AdvCash.
f) Locate your AdvCash Bitcoin wallet address and send the BTC from your Waves.Exchange wallet to your AdvCash BTC address. See here for more on sending crypto from Waves.Exchange.
g) Go to ‘Sell Crypto, choose Bitcoin and the amount, click on Deposit and then on Confirm. The system will provide you with a blockchain address where you’ll need to send the Bitcoins. Note that you’ll have to send the whole amount with a single transaction. Once the transaction gathers 6 confirmations, the sum in USD will be debited to your AdvCash wallet.
g) Once the USD is in your AdvCash balance, you can withdraw them to a bank card. A withdrawal fee will apply. If you haven’t passed the AdvCash KYC yet, you’ll need to do it at this stage. Don’t worry, it takes only a few minutes.
e) Choose To a Visa/MC bank card’ and select the region where your card was issued. Note that conversion fees differ depending on the region. Enter the amount to be withdrawn to see the exact fee. If everything is correct, confirm the transfer. It can take up to 3 business days for the transfer to go through.
2) Convert USDN into BTC, USDT or ETH and cash out via a third-party service
a) Repeat the steps a)-d) from the previous section to convert USDN into another cryptocurrency.
b) Go to https://www.bestchange.com/ and choose your desired cryptocurrency on the left (for example, Bitcoin). In the right-hand column, choose where you’d like to cash out your assets - for example, Visa/MasterCard USD. You’ll see a list of available exchangers and the exchange rates they offer:
c) Click on the name of an exchanger to go to its website. Double-check the terms, rates, and commissions. Note that most exchangers do not serve cards issued in the US.
d) You’ll be provided with an address where you should send your BTC, ETH or USDT. Once the exchanger receives the crypto, they will send USD to your card. You should receive it within 72 hours.
If you have any questions related to Waves.Exchange, feel free to contact us via customer support.
tags: buy neutrino usdn credit card purchase