A Step-by-Step-Guide on how to buy USD Coin (USDC) in Aruba
Step 1 – Join CEX.io You'll first need to purchase one of the top-tier coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below for registration and getting your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Find (USDC) USD Coin Once your deposit has been verified, you will immediately have access to your assets and you can begin invest and trading. To purchase USD Coin (USDC) on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. To discover (USDC) USD Coin, you will need to insert the cointype (USDC) into the search-box, which is marked in the picture. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “USDC/BTC” to go on.
Step 4 – Purchasing USD Coin (USDC) Once you have found (USDC) USD Coin, you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order. The “Price” field will be filled with the latest price (USDC) USD Coin was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the quantity of USDC you wish to purchase. The “Total” field is the total price in Bitcoin that you will settle for the complete amount of USDC. If you are happy, click on “Buy USDC”. Your plan will be filled as soon as a Seller sells their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time period. In order to withdraw your (USDC) USD Coin, go to the “Funds” tab and mouse click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDC) USD Coin by using the given drop-down box. Put into the volumen of USD Coin (USDC) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.