How to Buy USD Coin (USDC) in Azerbaijan

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

Step 1 – Signup to Kraken

In the beginning you'll need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Funds to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. USD Coin (USDC) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Find (USDC) USD Coin

Once your deposit has been confirmed, you'll instantly have access to your assets and you can commence buying and trading. To purchase USD Coin (USDC) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

To spot USD Coin (USDC), you will need to put the shortname of the coin (USDC) into the search-box, which is highlighted in the image. Be certain of having selected the correct grouping, we've highlighted this also. Click on “USDC/BTC” to go on.

Step 4 – Acquisition of (USDC) USD Coin

As soon as you've located (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we're going to create our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date tariff USD Coin (USDC) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the quantity of USDC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole amount of USDC.

When you're glad, make a mouse click on “Buy USDC”. Your order will be filled as soon as 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 crypto coins on an Crypto Exchange for an longer period of time. To take off your (USDC) USD Coin, go to the “Funds” tab and click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the given drop-down box. Put into the quantity of (USDC) USD Coin you'd wish to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address.

If you are glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully purchased and stored (USDC) USD Coin in Azerbaijan.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (USDC) USD Coin is safe inside your wallet, you are finished.