A Step-by-Step-Guide on how to buy USD Coin (USDC) in Denmark
Step 1 – Signup to Kraken You'll first need to buy one of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and receive your welcome Bitcoin or Ethereum.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this guide) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate USD Coin (USDC) Once your deposit has been affirmed, you'll directly have access to your finances and you can launch buying and trading. To purchase USD Coin (USDC) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. To discover (USDC) USD Coin, you will need to insert the cointype (USDC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've marked this also. Click on “USDC/BTC” to continue.
Step 4 – Buy (USDC) USD Coin After you have spotted USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our own Limit Order. The “Price” field will be automatically filled with the up-to-date price (USDC) USD Coin was traded for. This can be changed to your favoured rate. The “Amount” field is the quantity of USDC you want to buy. The field with the “Total” tag is the total price in BTC that you'll pay for the whole amount of USDC. When you're satisfied, click on “Buy USDC”. Your order will be filled as soon as a Vendor sells their USDC for the price you introduced.
Step 5 – Withdraw USD Coin (USDC) Unless you are frequently trading, never keep your crypto on an Exchange for an extensive period of time. 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 stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the provided drop-down box. Drop in the amount of (USDC) USD Coin you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.