How to Buy USD Coin (USDC) in El Salvador

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

Step 1 – Signup to CEX.io

In the beginning you'll need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below for registration and to get your first Ethereum or Bitcoin.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader

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 obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).

Step 3 – Find USD Coin (USDC)

As soon as your deposit has been affirmed, you will immediately have access to your assets and you can launch buying and trading. To purchase USD Coin (USDC) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”.

In order to find USD Coin (USDC), you'll need to put the shortname of the coin (USDC) into the search box, which is marked in the image. Make sure you have selected the proper pairing, we've marked this also. Click on “USDC/BTC” to go ahead.

Step 4 – Buy USD Coin (USDC)

Once you have located USD Coin (USDC), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most latest price (USDC) USD Coin was sold for. This can be changed to your desired rate. The “Amount” field is the amount of USDC you wish to buy. The “Total” field is the total price in BTC that you'll settle for the complete amount of USDC.

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

Step 5 – Withdraw USD Coin (USDC)

Unless you are frequently trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your USD Coin (USDC), hover over the tab called “Funds” and mouse click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the provided drop-down box. Drop in the amount of (USDC) USD Coin you would like to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, click “Submit”. You may be requested for verfication via email/phone before a take off.

Kudos! You have successfully purchased and stored USD Coin (USDC) in El Salvador.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored in your wallet, you are all done.