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 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. USD Coin (USDC) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you've selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find USD Coin (USDC) Once your deposit has been verified, you will directly have access to your finances and you can start buying and trading. To invest in USD Coin (USDC) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. To spot USD Coin (USDC), you'll need to put the cointype (USDC) into the search-box, which is highlighted in the image. Be certain of having selected the proper pairing, we've highlighted this also. Click on “USDC/BTC” to go on.
Step 4 – Acquisition of USD Coin (USDC) As soon as you've found USD Coin (USDC), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price USD Coin (USDC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of USDC you like to buy. The ”Total” field is the whole price in BTC that you will settle for the whole amount of USDC. If you are satisfied, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Vendor sells their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time frame. To withdraw your USD Coin (USDC), go to the ”Funds” tab and click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the given drop-down box. Put into the amount of USD Coin (USDC) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.