A Step-by-Step-Guide on how to buy USD Coin (USDC)
Step 1 – Signup to CEX.io You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (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 will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate (USDC) USD Coin As soon as your deposit has been affirmed, you'll directly have access to your finances and you can start buying and trading. To invest in (USDC) USD Coin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To spot (USDC) USD Coin, you'll need to put the short name of the asset (USDC) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we've marked this also. Click on “USDC/BTC” to go ahead.
Step 4 – Buy (USDC) USD Coin After you have located (USDC) USD Coin, you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we are creating our own Limit Order. The ”Price” field will be filled automatically with the recent valuation (USDC) USD Coin was sold for. You can change this to your desired price. The ”Amount” field is the volumen of USDC you want to purchase. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of USDC. When you are glad, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Seller sells their USDC for the price you submitted.
Step 5 – Withdraw (USDC) USD Coin Unless you're trading, best advise is not to keep crypto coins on an Exchange for an longer time period. In order to withdraw your (USDC) USD Coin, go to the ”Funds” tab and click on “Withdraw”. (USDC) USD Coin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDC) USD Coin by using the provided drop-down box. Drop in the volumen of (USDC) USD Coin you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.