How to Buy USD Coin (USDC) in Colombia

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

Step 1 – Join Kraken

You'll first need to purchase units of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps)

Make sure you've selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate (USDC) USD Coin

Once your deposit has been verified, you will now have access to your finances and you can start purchasing and trading. To buy (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 find (USDC) USD Coin, you will need to put the short name of the asset (USDC) into the search box, which is highlighted in the picture. Be certain of having choosen the proper pairing, we've marked this also. Click on “USDC/BTC” to proceed.

Step 4 – Purchase (USDC) USD Coin

As soon as you've located (USDC) USD Coin, you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). And now we're going to make our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate (USDC) USD Coin was sold for. This can be changed to your desired rate. The “Amount” field is the amount of USDC you like to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole quantity of USDC.

If you are glad, make a mouse click on “Buy USDC”. Your plan will be filled when a Vendor trades their USDC for the price you introduced.

Step 5 – Withdraw USD Coin (USDC)

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

Find USD Coin (USDC) by using the provided drop-down box. Enter the volumen of USD Coin (USDC) you'd like to take off. Don't forget the shown minimus/fees. Also make sure you have entered your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Kudos! You've successfully bought and safed (USDC) USD Coin in Colombia.

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe in your wallet, you are done.