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).
Step 2 – Transmit 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 identical. USD Coin (USDC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've selected the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find USD Coin (USDC) As soon as your deposit has been approved, you will directly have access to your funds and you can initiate purchasing and trading. To purchase USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. In order to discover USD Coin (USDC), you will need to insert the cointype (USDC) into the search-box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we've highlighted this too. Click on “USDC/BTC” to proceed.
Step 4 – Purchase USD Coin (USDC) Once you have discovered USD Coin (USDC), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be filled with the up-to-date price USD Coin (USDC) was traded for. You can change this to your preferred rate. The ”Amount” field is the quantity of USDC you wish to buy. The ”Total” field is the whole price in Bitcoin that you will settle for the whole quantity of USDC. When you're satisfied, click on “Buy USDC”. Your order will be filled when a Vender trades their USDC for the price you introduced.
Step 5 – Withdraw USD Coin (USDC) Unless you're frequently trading, best advise is not to keep your crypto on an 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) Locate USD Coin (USDC) by using the provided drop-down box. Enter the volumen of USD Coin (USDC) you would wish to take off. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, click “Submit”. You may be asked for verfication via email/phone before a take off.