A Step-by-Step-Guide on how to buy USD Coin (USDC) in Bangladesh
Step 1 – Signup to Kraken You'll first need to purchase units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been approved, you'll directly have access to your finances and you can commence purchasing and trading. To purchase USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To find (USDC) USD Coin, you'll need to insert the shortname of the coin (USDC) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this also. Click on “USDC/BTC” to proceed.
Step 4 – Buying (USDC) USD Coin After you've found (USDC) USD Coin, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are making our Limit Order. The “Price” field will be filled with the recent price (USDC) USD Coin was sold for. You can change this to your preferred rate. The “Amount” field is the amount of USDC you wish to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole volumen of USDC. If you're glad, make a mouse click on “Buy USDC”. Your plan will be filled when a Vendor sells their USDC for the price you offered.
Step 5 – Withdraw (USDC) USD Coin Unless you are regularly trading, you should never keepyour coins on an Exchange for an extended period of time. To withdraw your (USDC) USD Coin, hover over the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the given drop-down box. Put into the volumen of USD Coin (USDC) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, click on “Submit”. You could be asked for email/phone verification before a withdrawal.