A Step-by-Step-Guide on how to buy USD Coin (USDC) in American Samoa
Step 1 – Signup to Kraken You will first need to purchase units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and receive your first Ethereum or 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 Exchange now. Every exchange has a deposit form that is similar. 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 Crypto Trader? (Follow this manual) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Find USD Coin (USDC) As soon as your deposit has been affirmed, you will instantly have access to your finances and you can start buying and trading. To purchase (USDC) USD Coin on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To find (USDC) USD Coin, you'll need to put the short name of the asset (USDC) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we've marked this also. Click on “USDC/BTC” to go on.
Step 4 – Purchase USD Coin (USDC) After you have spotted (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we're creating our own Limit Order. The “Price” field will be automatically filled with the latest price (USDC) USD Coin was sold for. You can change this to your favoured price. The “Amount” field is the amount of USDC you want to buy. The “Total” field is the aggregated price in BTC that you'll pay for the complete volumen of USDC. When you're glad, click on “Buy USDC”. Your order will be filled as soon as a Vender sells their USDC for the price you submitted.
Step 5 – Withdraw USD Coin (USDC) Unless you are trading, you should never keepyour coins on an Exchange for an longer period of time. To take off your (USDC) USD Coin, go to the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the provided drop-down box. Put into the quantity of USD Coin (USDC) you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. If you're happy, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.