How to Buy USD Coin (USDC) in Czechia

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

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Bitcoin or Ethereum to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

Make sure you have selected the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find USD Coin (USDC)

Once your deposit has been confirmed, you'll instantly have access to your assets and you can begin invest and trading. To purchase USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to discover (USDC) USD Coin, you'll need to insert the cointype (USDC) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we have marked this too. Click on “USDC/BTC” to proceed.

Step 4 – Acquisition of (USDC) USD Coin

As soon as you have discovered USD Coin (USDC), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our own Limit Order.

The “Price” field will be filled automatically with the recent rate (USDC) USD Coin was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of USDC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of USDC.

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

Step 5 – Withdraw USD Coin (USDC)

Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw your USD Coin (USDC), go to the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (USDC) USD Coin by using the given drop-down box. Enter the quantity of (USDC) USD Coin you would wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

When you are happy, click “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Kudos! You have successfully bought and stored (USDC) USD Coin in Czechia.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your take off using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is safe within your wallet, you are all done.