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How to Buy USD Coin (USDC)

A Step-by-Step-Guide on how to buy USD Coin (USDC)

Step 1 – Join CEX.io

You will first need to buy one of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and getting your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader 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 example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have chosen the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate USD Coin (USDC)

Once your deposit has been affirmed, you'll immediately have access to your assets and you can begin invest and trading. To purchase USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover USD Coin (USDC), you'll need to put the shortname of the coin (USDC) into the search box, which is marked in the picture. Make sure you have selected the right pairing, we have marked this too. Click on “USDC/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} USD Coin (USDC)
Step 4 – Acquisition of USD Coin (USDC)

After you have discovered USD Coin (USDC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're going to make our own Limit Order.

The ”Price” field will be automatically filled with the most recent valuation USD Coin (USDC) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of USDC you like to purchase. The ”Total” field is the whole price in Bitcoin that you'll settle for the complete volumen of USDC.

When you're happy, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Vender trades their USDC for the price you introduced.

Step 5 – Withdraw USD Coin (USDC)

Unless you are regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended time period. In order to take off your USD Coin (USDC), go to the ”Funds” tab and click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the given drop-down box. Drop in the amount of USD Coin (USDC) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Congratulations! You have successfully purchased and safed USD Coin (USDC).

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the USD Coin (USDC) is stored in your wallet, you're all done.

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