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 – Send Your Funds to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you've selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find USD Coin (USDC) Once your deposit has been affirmed, you will now have access to your assets and you can launch purchasing and trading. To purchase USD Coin (USDC) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”. To find USD Coin (USDC), you will need to insert the short name of the asset (USDC) into the search box, which is marked in the image. Be certain of having choosen the right pairing, we've highlighted this too. Click on “USDC/BTC” to go on.
Step 4 – Purchasing USD Coin (USDC) As soon as you have spotted USD Coin (USDC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date rate USD Coin (USDC) was sold for. You can change this to your desired price. The ”Amount” field is the amount of USDC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete volumen of USDC. When you are happy, make a mouse 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're frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time period. To take off your USD Coin (USDC), hover over the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the provided drop-down box. Put into the amount of USD Coin (USDC) you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, click “Submit”. You could be requested for email/phone verification before a take off.