A Step-by-Step-Guide on how to buy USD Coin (USDC) in Dominica
Step 1 – Signup to Kraken In the beginning you'll need to purchase one of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and to get your first Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. USD Coin (USDC) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been approved, you will immediately have access to your funds and you can launch purchasing and trading. To invest in USD Coin (USDC) 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 shortname of the coin (USDC) into the search box, which is marked in the image. Be certain of having selected the right grouping, we have marked this too. Click on “USDC/BTC” to go on.
Step 4 – Acquisition of (USDC) USD Coin As soon as you've found USD Coin (USDC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent price USD Coin (USDC) was traded for. You can change this to your desired price. The “Amount” field is the volumen of USDC you wish to purchase. 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 glad, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Seller trades their USDC for the price you offered.
Step 5 – Withdraw (USDC) USD Coin Unless you're trading, you should never keepyour crypto on an Crypto Trader for an extended time frame. In order to take off your USD Coin (USDC), go to the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the provided drop-down box. Put into the volumen of (USDC) USD Coin you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are happy, click “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.