A Step-by-Step-Guide on how to buy USD Coin (USDC)
Step 1 – Join Coinbase and get 10$ for free You'll first need to buy one of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and receive your welcome $10.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen 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 opposed (Follow our manual).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been verified, you will instantly have access to your assets and you can commence invest and trading. To invest in USD Coin (USDC) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate USD Coin (USDC), you will need to put the short name of the asset (USDC) into the search box, which is highlighted in the picture. Be certain of having selected the right pairing, we've highlighted this also. Click on “USDC/BTC” to go on.
Step 4 – Buy (USDC) USD Coin As soon as you have spotted (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're making our Limit Order. The ”Price” field will be automatically filled with the recent tariff (USDC) USD Coin was sold for. This can be changed to your favoured price. The field with the “Amount” tag is the volumen of USDC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete volumen of USDC. If you're glad, click on “Buy USDC”. Your plan will be filled as soon as a Vendor trades their USDC for the price you gave.
Step 5 – Withdraw (USDC) USD Coin Unless you are frequently trading, you should never keepyour crypto on an Exchange for an extended time period. To withdraw your (USDC) USD Coin, go to the ”Funds” tab and click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the provided drop-down box. Enter the amount of (USDC) USD Coin you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.