How to Buy USD Coin (USDC) in Ecuador

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

Step 1 – Join Kraken

You will first need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is similar. 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 Crypto Trader? (Just follow these easy steps)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate USD Coin (USDC)

Once your deposit has been approved, you will immediately have access to your finances and you can begin invest and trading. To buy (USDC) USD Coin on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”.

In order to discover (USDC) USD Coin, you'll need to insert the shortname of the coin (USDC) into the search box, which is highlighted in the graphic. Make sure you have selected the right grouping, we've marked this also. Click on “USDC/BTC” to advance.

Step 4 – Purchase (USDC) USD Coin

As soon as you have located (USDC) USD Coin, you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The “Price” field will be automatically filled with the most up-to-date rate (USDC) USD Coin was traded for. You can change this to your favoured price. The “Amount” field is the amount of USDC you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete quantity of USDC.

When you are happy, click on “Buy USDC”. Your order will be filled as soon as a Vender sells their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you're frequently trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer time frame. To withdraw your USD Coin (USDC), hover over the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

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

If you're happy, click on “Submit”. You may be asked for email/phone verification before a take off.

Congrats! You've successfully purchased and safed (USDC) USD Coin in Ecuador.

That's it!

Withdrawals from Exchange can durate 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 USD Coin (USDC) is safe within your wallet, you're done.