A Step-by-Step-Guide on how to buy USD Coin (USDC) in Christmas Island
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. USD Coin (USDC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find (USDC) USD Coin As soon as your deposit has been approved, you will immediately have access to your funds and you can initiate invest and trading. To invest in (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to spot (USDC) USD Coin, you'll need to insert the cointype (USDC) into the search box, which is marked in the graphic. Make sure you have selected the proper grouping, we've marked this too. Click on “USDC/BTC” to go on.
Step 4 – Purchase USD Coin (USDC) After you've located USD Coin (USDC), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we're creating our Limit Order. The field with the “Price” tag will be filled with the up-to-date price USD Coin (USDC) was traded for. You can change this to your preferred price. The “Amount” field is the amount of USDC you wish to buy. The “Total” field is the whole price in BTC that you'll settle for the complete quantity of USDC. If you are glad, click on “Buy USDC”. Your order will be filled as soon as a Vender sells their USDC for the price you introduced.
Step 5 – Withdraw (USDC) USD Coin Unless you are regularly trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (USDC) USD Coin, hover over the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDC) USD Coin by using the provided drop-down box. Put into the amount of (USDC) USD Coin you'd wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your precise withdraw address. If you're happy, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.