How to Buy USD Coin (USDC) in China

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

Step 1 – Join Kraken

You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) 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 similar. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find USD Coin (USDC)

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

To discover (USDC) USD Coin, you'll need to insert the shortname of the coin (USDC) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we have marked this also. Click on “USDC/BTC” to progress.

Step 4 – Buying (USDC) USD Coin

As soon as you've spotted USD Coin (USDC), you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent rate (USDC) USD Coin was sold for. You can change this to your desired price. 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 will pay for the complete amount of USDC.

When you are satisfied, click on “Buy USDC”. Your order will be filled when a Vendor trades their USDC for the price you introduced.

Step 5 – Withdraw (USDC) USD Coin

Unless you're frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time frame. To take off your USD Coin (USDC), hover over the tab called “Funds” and mouse click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Kudos! You've successfully purchased and stored (USDC) USD Coin in China.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored in your wallet, you are all done.