How to Buy USD Coin (USDC) in Bermuda

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome 10$.

Step 2 – Transfer Your Funds to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find USD Coin (USDC)

Once your deposit has been affirmed, you'll directly have access to your assets and you can initiate invest and trading. To invest in (USDC) USD Coin on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

In order to spot (USDC) USD Coin, you'll need to put the cointype (USDC) into the search-box, which is marked in the graphic. Make sure you have selected the proper grouping, we have marked this too. Click on “USDC/BTC” to progress.

Step 4 – Purchasing (USDC) USD Coin

As soon as you have found USD Coin (USDC), you will be presented with a Price Chart (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 “Price” field will be filled with the most recent price USD Coin (USDC) was sold for. You can change this to your favoured rate. The field with the “Amount” tag is the amount of USDC you want to buy. The “Total” field is the whole price in Bitcoin that you'll pay for the whole amount of USDC.

If you're satisfied, make a mouse click on “Buy USDC”. Your plan will be filled when a Vender trades their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer period of time. In order to withdraw your USD Coin (USDC), hover over the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (USDC) USD Coin by using the given drop-down box. Drop in the volumen of (USDC) USD Coin you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address.

If you're satisfied, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congratulations! You've successfully purchased and safed USD Coin (USDC) in Bermuda.

That's it!

Withdrawals from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored in your wallet, you're finished.