A Step-by-Step-Guide on how to buy USD Coin (USDC) in Hungary
Step 1 –
Signup to Coinbase and get 10$ for free
You'll first need to buy one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your first 10$.
Step 2 –
Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader
Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)
Make sure you have chosen the precise coin you would like to deposit.
BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).
Step 3 –
Locate (USDC) USD Coin
Once your deposit has been approved, you'll immediately have access to your assets and you can commence buying and trading. To buy (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.
In order to discover USD Coin (USDC), you'll need to put the short name of the asset (USDC) into the search-box, which is highlighted in the graphic. Make sure you have selected the correct pairing, we've marked this also. Click on “USDC/BTC” to progress.
Step 4 –
Purchase USD Coin (USDC)
As soon as you've spotted (USDC) USD Coin, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're making our Limit Order.
The field with the “Price” tag will be automatically filled with the recent tariff (USDC) USD Coin was sold for. This can be changed to your desired rate. The “Amount” field is the quantity of USDC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of USDC.
When you are happy, click on “Buy USDC”. Your order will be filled as soon as a Seller sells their USDC for the price you gave.
Step 5 –
Withdraw (USDC) USD Coin
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 withdraw your (USDC) USD Coin, go to the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)
Find USD Coin (USDC) by using the provided drop-down box. Enter the volumen of (USDC) USD Coin you would like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.
When you are satisfied, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.
