A Step-by-Step-Guide on how to buy USD Coin (USDC) in Fiji
Step 1 – Signup to Kraken In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and to get your welcome Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto 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 illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you have selected the exact coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been confirmed, you'll directly have access to your assets and you can begin purchasing and trading. To invest in (USDC) USD Coin on Binance, you will want to go to the “Exchange” tab and then click on “Basic”. In order to find USD Coin (USDC), you will need to put the shortname of the coin (USDC) into the search-box, which is marked in the picture. Be certain of having selected the proper grouping, we've marked this also. Click on “USDC/BTC” to advance.
Step 4 – Purchasing (USDC) USD Coin After you have spotted (USDC) USD Coin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're going to make our Limit Order. The field with the “Price” tag will be filled automatically with the recent tariff USD Coin (USDC) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of USDC you like to buy. The “Total” field is the whole price in Bitcoin that you will settle for the whole amount of USDC. When you are satisfied, make a mouse click on “Buy USDC”. Your order will be filled when a Vender sells their USDC for the price you gave.
Step 5 – Withdraw USD Coin (USDC) Unless you're trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. To withdraw your USD Coin (USDC), hover over the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the given drop-down box. Drop in the quantity of USD Coin (USDC) you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. If you're satisfied, click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.