A Step-by-Step-Guide on how to buy USD Coin (USDC) in Grenada
Step 1 – Join CEX.io You'll first need to purchase units of the bigger coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Send Your Funds to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been approved, you'll directly have access to your assets and you can launch buying and trading. To buy USD Coin (USDC) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”. In order to discover USD Coin (USDC), you will need to put the short name of the asset (USDC) into the search-box, which is highlighted in the picture. Be certain of having selected the proper grouping, we've marked this too. Click on “USDC/BTC” to advance.
Step 4 – Buy USD Coin (USDC) After you've spotted (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the latest rate (USDC) USD Coin was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of USDC you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete amount of USDC. When you are happy, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Seller sells their USDC for the price you introduced.
Step 5 – Withdraw USD Coin (USDC) Unless you're regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extensive time frame. In order to take off your (USDC) USD Coin, go to the “Funds” tab and mouse click on “Withdraw”. (USDC) USD Coin 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 USD Coin (USDC) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.