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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. USD Coin (USDC) is obtainable on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find USD Coin (USDC) As soon as your deposit has been affirmed, you will immediately have access to your funds and you can begin buying and trading. To purchase USD Coin (USDC) on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”. In order to find USD Coin (USDC), you will need to insert the shortname of the coin (USDC) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we've marked this also. Click on “USDC/BTC” to go ahead.
Step 4 – Purchase USD Coin (USDC) After you've found USD Coin (USDC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we are going to create our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date valuation USD Coin (USDC) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of USDC you like to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete volumen of USDC. When you're satisfied, click on “Buy USDC”. Your order will be filled as soon as a Seller trades their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you are frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time frame. In order 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the given drop-down box. Enter the quantity of USD Coin (USDC) you'd like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you are satisfied, click on “Submit”. You could be requested for verfication via phone/email before a take off.