A Step-by-Step-Guide on how to buy USD Coin (USDC)
Step 1 – Join Kraken In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and receive Ethereum or Bitcoin.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this manual) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been verified, you'll instantly have access to your finances and you can initiate purchasing and trading. To buy USD Coin (USDC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to discover USD Coin (USDC), you will need to put the cointype (USDC) into the search-box, which is highlighted in the image. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “USDC/BTC” to advance.
Step 4 – Purchasing USD Coin (USDC) Once you've found USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). And now we are making our own Limit Order. The ”Price” field will be filled automatically with the most latest price USD Coin (USDC) was sold for. This can be changed to your preferred rate. The ”Amount” field is the volumen of USDC you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of USDC. If you're glad, click on “Buy USDC”. Your order will be filled when a Seller sells their USDC for the price you gave.
Step 5 – Withdraw USD Coin (USDC) Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an extensive time period. To take off your USD Coin (USDC), hover over the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the given drop-down box. Put into the amount of USD Coin (USDC) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, click “Submit”. You may be requested for verfication via phone/email ahead of a take off.
Congratulations! You have successfully purchased and stored USD Coin (USDC).That's it! Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your take off using Etherscan.io or Ethplorer.io and the (USDC) USD Coin is safe in your wallet, you're all done.
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