How to Buy USD Coin (USDC) in Cyprus

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

Step 1 – Join Coinbase and get 10$ for free

You will first need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below to register and to get your welcome $10.

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. USD Coin (USDC) is accessible 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 precise coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow these easy steps).

Step 3 – Find USD Coin (USDC)

As soon as your deposit has been confirmed, you'll instantly have access to your assets and you can launch purchasing and trading. To purchase (USDC) USD Coin on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To locate USD Coin (USDC), you will need to insert the cointype (USDC) into the search box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we have highlighted this also. Click on “USDC/BTC” to advance.

Step 4 – Buy (USDC) USD Coin

Once you have found (USDC) USD Coin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). For now we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date tariff USD Coin (USDC) was traded for. This can be changed to your preferred price. The “Amount” field is the quantity of USDC you like to buy. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole quantity of USDC.

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

Step 5 – Withdraw (USDC) USD Coin

Unless you're regularly trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an extended time period. In order to take off your USD Coin (USDC), go to the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the given drop-down box. Put into the volumen of (USDC) USD Coin you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.

Congratulations! You've successfully bought and stored USD Coin (USDC) in Cyprus.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you have proved your take off with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is safe in your wallet, you're all done.