How to Buy USD Coin (USDC) in Barbados

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

Step 1 – Join CEX.io

You'll first need to buy units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've chosen the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find (USDC) USD Coin

Once your deposit has been approved, you will immediately have access to your finances and you can launch buying and trading. To purchase (USDC) USD Coin on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”.

In order to find (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 proper grouping, we've highlighted this too. Click on “USDC/BTC” to continue.

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 image) and some Order Books (on the Left of the picture). Next we are going to make our Limit Order.

The “Price” field will be filled with the latest rate USD Coin (USDC) was traded for. This can be changed to your desired rate. The “Amount” field is the quantity of USDC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole quantity of USDC.

If you're happy, click on “Buy USDC”. Your order will be filled when a Vender trades their USDC for the price you offered.

Step 5 – Withdraw (USDC) USD Coin

Unless you are trading, you should never keepyour coins on an Crypto Exchange for an extensive time period. To withdraw your (USDC) USD Coin, hover over the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (USDC) USD Coin by using the provided drop-down box. Enter the quantity of (USDC) USD Coin you'd wish to withdraw. Take into account the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're happy, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Kudos! You have successfully purchased and safed USD Coin (USDC) in Barbados.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (USDC) USD Coin is safe inside your wallet, you are done.