How to Buy USD Coin (USDC) in Bhutan

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

Step 1 – Signup to Kraken

You will first need to purchase units of the top-tier coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below to register and to get your first Bitcoin or Ethereum.

Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've chosen the exact coin you wish to deposit.

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

Step 3 – Locate (USDC) USD Coin

As soon as your deposit has been approved, you will instantly have access to your funds and you can start purchasing and trading. To buy (USDC) USD Coin on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

To find (USDC) USD Coin, you will need to put the cointype (USDC) into the search-box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've highlighted this too. Click on “USDC/BTC” to progress.

Step 4 – Buy (USDC) USD Coin

Once you have discovered (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). Next we're going to create our own Limit Order.

The “Price” field will be filled automatically with the most latest rate USD Coin (USDC) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of USDC you wish to buy. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of USDC.

If you're glad, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Seller sells their USDC for the price you offered.

Step 5 – Withdraw USD Coin (USDC)

Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive period of time. To withdraw your USD Coin (USDC), hover over 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)

Locate USD Coin (USDC) by using the provided drop-down box. Drop in the amount of (USDC) USD Coin you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

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

Congratulations! You've successfully purchased and stored USD Coin (USDC) in Bhutan.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (USDC) USD Coin is safe in your wallet, you're finished.