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 Crypto Trader Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Locate USD Coin (USDC) Once your deposit has been confirmed, you will now have access to your finances and you can launch purchasing and trading. To invest in USD Coin (USDC) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to spot USD Coin (USDC), you will need to insert the shortname of the coin (USDC) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper pairing, we've highlighted this too. Click on “USDC/BTC” to continue.
Step 4 – Purchase USD Coin (USDC) After you have located USD Coin (USDC), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order. The ”Price” field will be filled with the most recent tariff USD Coin (USDC) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of USDC you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole volumen of USDC. When you are happy, click on “Buy USDC”. Your order will be filled when a Vendor sells their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you're frequently trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer period of time. To withdraw your USD Coin (USDC), hover over the ”Funds” tab and click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the given drop-down box. Enter the amount of USD Coin (USDC) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you're happy, click on “Submit”. You could be asked for phone/email verification before a take off.
Congrats! You've successfully purchased and stored USD Coin (USDC).That's it! Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is safe inside your wallet, you are all done.
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