A Step-by-Step-Guide on how to buy USD Coin (USDC)
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to purchase one of the top-tier currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and receive your first $10.
Step 2 – Transmit Your Funds to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find USD Coin (USDC) Once your deposit has been affirmed, you'll now have access to your finances and you can initiate purchasing and trading. To invest in USD Coin (USDC) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To find 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 right grouping, we have highlighted this also. Click on “USDC/BTC” to proceed.
Step 4 – Purchase USD Coin (USDC) After you have spotted USD Coin (USDC), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our Limit Order. The field with the “Price” tag will be filled with the most latest tariff USD Coin (USDC) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of USDC you like to buy. The ”Total” field is the total price in Bitcoin that you will pay for the complete volumen of USDC. If you are satisfied, click on “Buy USDC”. Your plan will be filled when a Vender trades their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you are frequently trading, you should never keepyour crypto on an Crypto Trader for an longer period of time. In order to take off your USD Coin (USDC), go to the ”Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the provided drop-down box. Put into the quantity of USD Coin (USDC) you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.