How to Buy USD Coin (USDC) in Dominican Republic

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

Step 1 – Signup to Kraken

You'll first need to buy one of the major currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Funds to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Locate USD Coin (USDC)

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

To locate (USDC) USD Coin, you'll need to insert the short name of the asset (USDC) into the search-box, which is marked in the image. Make sure you have choosen the right grouping, we've marked this too. Click on “USDC/BTC” to proceed.

Step 4 – Purchase USD Coin (USDC)

After you have spotted USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are making our own Limit Order.

The “Price” field will be automatically filled with the most recent valuation (USDC) USD Coin was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of USDC you like to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole volumen of USDC.

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

Step 5 – Withdraw USD Coin (USDC)

Unless you're trading, you should never keepyour crypto on an 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”. (USDC) USD Coin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (USDC) USD Coin by using the provided drop-down box. Drop in the quantity of (USDC) USD Coin you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you're happy, click “Submit”. You may be asked for email/phone verification before a withdrawal.

Congratulations! You've successfully bought and safed (USDC) USD Coin in Dominican Republic.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe within your wallet, you're all done.
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