A Step-by-Step-Guide on how to buy USD Coin (USDC) in Anguilla
Step 1 – Signup to CEX.io You will first need to purchase one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have chosen the exact coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Locate (USDC) USD Coin As soon as your deposit has been affirmed, you will directly have access to your assets and you can initiate buying and trading. To buy (USDC) USD Coin on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”. To locate USD Coin (USDC), you'll need to insert the cointype (USDC) into the search-box, which is highlighted in the image. Be certain of having selected the right pairing, we've marked this also. Click on “USDC/BTC” to continue.
Step 4 – Purchasing (USDC) USD Coin After you've found (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're creating our Limit Order. The “Price” field will be automatically filled with the most recent price (USDC) USD Coin was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of USDC you wish to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete volumen of USDC. When you are happy, make a mouse click on “Buy USDC”. Your order will be filled when a Vendor trades their USDC for the price you introduced.
Step 5 – Withdraw USD Coin (USDC) Unless you're regularly trading, you should never keepyour coins on an Crypto Exchange for an longer time period. In order to withdraw your (USDC) USD Coin, go to the tab called “Funds” and mouse click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the given drop-down box. Drop in the amount of (USDC) USD Coin you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.