# Purchasing USTB

## Transaction settings

Before initiating a purchase go to Settings and configure your Purchase Destination. Shares may be delivered as tokens to an allowlisted address, or as shares held in Book-Entry at Superstate. The minimum initial investment is $100,000, unless waived by Superstate (e.g. to test the flow of funds).

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## Instructions

1. View purchase instructions by navigating to the Portfolio page and clicking the Purchase button next to USTB.
2. Toggle the "Pay with" dropdown to view instructions for paying with U.S. dollars or USDC on a supported network.
3. Initiate a purchase by sending funds using your preferred method.
4. USTB features Continuous Pricing, meaning that your Purchase will be priced at the NAV/S at the time your funds are received.&#x20;
5. USTB will be delivered according to your Purchase Destination settings for your Investing Entity. You may elect to receive either tokens at your preferred allowlist address, or shares held in book-entry at Superstate.

You will receive a confirmation email when a purchase has been initiated, and you can track its status in the Transactions table on the Portfolio page.

For **protocol purchase** instructions please see <https://docs.superstate.co/introduction-to-superstate/smart-contracts#subscribe-function>

## Timing

* Purchases made with USDC are attributed instantly, and tokens or book-entry shares are delivered within minutes.
* Purchases made with US dollar wires are processed whenever they are received. Wires are typically received same-day if initiated before 1pm ET and next day if initiated later. Tokens or book-entry shares are delivered within minutes of receipt.
* See [Fund Holidays](/investors/tokenized-funds.md#fund-holidays) for exceptions

## Fees

Gas fees to transfer USDC or bank fees to wire U.S. Dollars for purchases are the responsibility of the investor.


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