How to Buy USD Coin (USDC)

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.

Binance Signup
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an 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 illustration. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Locate USD Coin (USDC)

As soon as your deposit has been confirmed, you will immediately have access to your finances and you can start buying and trading. To buy USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To discover USD Coin (USDC), you'll need to insert the short name of the asset (USDC) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we have highlighted this too. Click on “USDC/BTC” to advance.

Binance Hot To Buy USD Coin (USDC)
Binance How to Buy (USDC) USD Coin
Step 4 – Acquisition of USD Coin (USDC)

As soon as you have discovered USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most latest rate USD Coin (USDC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of USDC you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of USDC.

If you are glad, click on “Buy USDC”. Your order will be filled as soon as a Vendor sells their USDC for the price you offered.

Step 5 – Withdraw USD Coin (USDC)

Unless you are regularly trading, never keep your crypto coins on an Exchange for an longer period of time. To withdraw your USD Coin (USDC), go to the tab called “Funds” and mouse 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'd like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

When you are glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Binance Withdraw

Kudos! You have successfully purchased and stored USD Coin (USDC).

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored in your wallet, you are all done.
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