How to Buy USD Coin (USDC) in Australia

A Step-by-Step-Guide on how to buy USD Coin (USDC) in Australia

Step 1 – Join CEX.io

You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Funds to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. USD Coin (USDC) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find (USDC) USD Coin

Once your deposit has been affirmed, you will now have access to your finances and you can launch buying and trading. To buy USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

In order to find USD Coin (USDC), you'll need to put the short name of the asset (USDC) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we've marked this too. Click on “USDC/BTC” to go ahead.

Step 4 – Purchase (USDC) USD Coin

Once you've located (USDC) USD Coin, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order.

The “Price” field will be automatically filled with the recent valuation (USDC) USD Coin was traded for. This can be changed to your preferred rate. The “Amount” field is the volumen of USDC you want to buy. The “Total” field is the total price in BTC that you'll pay for the complete quantity of USDC.

When you're glad, make a mouse 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 are frequently trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. In order to take off your (USDC) USD Coin, hover over the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (USDC) USD Coin by using the provided drop-down box. Put into the amount of USD Coin (USDC) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you are glad, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Congratulations! You've successfully purchased and stored USD Coin (USDC) in Australia.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored inside your wallet, you are all done.