How to buy gmUSD token with credit card
Want to buy GMUSD, but don't know how to get started? Follow these easy steps! All you need is an email address and a credit card.
Ondefy offers the fastest way to buy gmUSD
Follow these steps to get started:
1. Enter Amount
2. Connect your email or wallet
3. Pay by credit card or bank transfer
What is gmUSD?
gmUSD is a unique algorithmic stablecoin that is fully backed by gDAI and gmdUSDC. It is the only stablecoin that is able to manage its supply through the Protocol Smart Arbitrage Leverage Mechanism (PSALM). This mechanism allows gmUSD to appreciate in value at an average rate of 15-25% annually, making it a yield-bearing stablecoin.
gmUSD is also unique in its Yield-Bearing Mechanism, Incentivization, and Black Hole Liquidity. These features make gmUSD a powerful tool for users to store and transfer value.
gmUSD was created in 2020 and has since become a popular choice for users looking for a stablecoin with a yield-bearing mechanism. The team behind gmUSD is now working on expanding its user base and increasing its liquidity.
gmUSD can be used to store and transfer value, as well as to take advantage of its yield-bearing mechanism. It can also be used to access the Protocol Smart Arbitrage Leverage Mechanism (PSALM) and its associated features.
How do I buy gmUSD in 2024?
You can buy gmUSD using credit card (Visa or MasterCard), bank transfer, Apple Pay or Google Pay. All you need to do is to choose a fiat currency, e.g. CHF, and enter an amount. A conversion rate is calculated for you. Once you are happy with the rate, tap the "Continue" button to get started. At this point, you will need to connect your email or wallet (if you are buying crypto for the first time, it will be easier for you to use your email, but Metamask and WalletConnect are also supported). Depending on wether gmUSD is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to gmUSD for you. In this case, you will first need to sign a permit in order to allow us to perform this swap on your behalf. Finally, you will be able to choose your payment method, and finalise your purchase. If this is your first time buying with Ondefy, you will need to complete a short KYC (Known Your Customer) verification.
Is it safe to buy gmUSD?
Your payment processing is securely handled by our partner Transak, and your purchased gmUSD tokens benefit from the security of the blockchain. Nevertheless, as an investor you must assume the risk of owning cryptocurrencies, due to their inherent price volatility.