A Step-by-Step-Guide on how to buy USD Coin (USDC) in Bahamas
Step 1 – Signup to Kraken You'll first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome Ethereum or Bitcoin.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an 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 Exchange? (Just follow this guide) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find USD Coin (USDC) As soon as your deposit has been verified, you'll now have access to your funds and you can initiate purchasing and trading. To buy USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To spot (USDC) USD Coin, you will need to insert the shortname of the coin (USDC) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this too. Click on “USDC/BTC” to advance.
Step 4 – Purchase USD Coin (USDC) Once you've located (USDC) USD Coin, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're making our Limit Order. The “Price” field will be filled automatically with the up-to-date rate USD Coin (USDC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of USDC you wish to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of USDC. If you are satisfied, click on “Buy USDC”. Your plan will be filled as soon as a Vender trades their USDC for the price you introduced.
Step 5 – Withdraw USD Coin (USDC) Unless you are frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your (USDC) USD Coin, go to the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the provided drop-down box. Drop in the quantity of USD Coin (USDC) you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. When you are satisfied, click “Submit”. You could be asked for email/phone verification before a take off.