How to Buy USD Coin (USDC) in Austria

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

Step 1 – Join Kraken

You'll first need to purchase units of the top-tier coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and getting your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

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

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find USD Coin (USDC)

Once your deposit has been affirmed, you will immediately have access to your finances and you can begin purchasing and trading. To buy (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

In order to locate (USDC) USD Coin, you will need to put the cointype (USDC) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we have highlighted this too. Click on “USDC/BTC” to progress.

Step 4 – Buy USD Coin (USDC)

Once you have located USD Coin (USDC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled with the up-to-date price (USDC) USD Coin was sold for. You can change this to your preferred rate. The “Amount” field is the volumen of USDC you wish to purchase. The “Total” field is the aggregated price in BTC that you'll settle for the whole volumen of USDC.

If you are glad, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Vender sells their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you're regularly trading, never keep your crypto on an Exchange for an extended period of time. To take off your USD Coin (USDC), go to the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the provided drop-down box. Enter the quantity of USD Coin (USDC) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a take off.

Kudos! You have successfully bought and safed (USDC) USD Coin in Austria.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the USD Coin (USDC) is safe inside your wallet, you're all done.