A Step-by-Step-Guide on how to buy USD Coin (USDC) in Canada
Step 1 – Signup to Kraken You will first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and receive your welcome Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin or Ethereum has 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 illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find USD Coin (USDC) As soon as your deposit has been verified, you'll immediately have access to your assets and you can begin invest and trading. To purchase (USDC) USD Coin on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”. To spot USD Coin (USDC), you will need to put the short name of the asset (USDC) into the search-box, which is highlighted in the image. Be certain of having selected the correct pairing, we have marked this also. Click on “USDC/BTC” to advance.
Step 4 – Purchase USD Coin (USDC) Once you've found (USDC) USD Coin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price (USDC) USD Coin was traded for. This can be changed to your preferred price. The “Amount” field is the volumen of USDC you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete quantity of USDC. If you are happy, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Vender sells their USDC for the price you offered.
Step 5 – Withdraw (USDC) USD Coin Unless you're frequently trading, best advise is not to keep your crypto coins on an Exchange for an extended period of time. To withdraw your (USDC) USD Coin, hover over the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDC) USD Coin by using the given drop-down box. Drop in the amount of USD Coin (USDC) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.