A Step-by-Step-Guide on how to buy USD Coin (USDC) in Estonia
Step 1 – Signup to Kraken You will first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Follow the Link below to register and receive your welcome Bitcoin or Ethereum.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is available 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 this manual) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (USDC) USD Coin As soon as your deposit has been verified, you will directly have access to your assets and you can begin invest and trading. To buy USD Coin (USDC) on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”. In order to locate (USDC) USD Coin, you'll need to put the shortname of the coin (USDC) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “USDC/BTC” to go on.
Step 4 – Buying USD Coin (USDC) Once you've located (USDC) USD Coin, you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're creating our own Limit Order. The “Price” field will be filled with the most recent tariff USD Coin (USDC) was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of USDC you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the complete quantity of USDC. When you are glad, click on “Buy USDC”. Your order will be filled as soon as a Vender trades their USDC for the price you submitted.
Step 5 – Withdraw USD Coin (USDC) Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. To withdraw your USD Coin (USDC), go to the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the given drop-down box. Enter the volumen of (USDC) USD Coin you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are glad, click on “Submit”. You could be requested for email/phone verification before a withdrawal.