How to Buy USD Coin (USDC) in Hong Kong

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

Step 1 – Join Kraken

You'll first need to purchase one of the major coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find USD Coin (USDC)

As soon as your deposit has been confirmed, you will immediately have access to your funds and you can start invest and trading. To buy USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot USD Coin (USDC), you will need to insert the cointype (USDC) into the search box, which is highlighted in the image. Be certain of having selected the right pairing, we have marked this too. Click on “USDC/BTC” to go on.

Step 4 – Acquisition of USD Coin (USDC)

After you have located (USDC) USD Coin, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the up-to-date tariff USD Coin (USDC) was sold for. This can be changed to your preferred rate. The “Amount” field is the volumen of USDC you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole volumen of USDC.

When you are glad, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Vendor sells their USDC for the price you submitted.

Step 5 – Withdraw (USDC) USD Coin

Unless you are regularly trading, you should never keepyour crypto on an Crypto Trader for an extensive time period. To take off your (USDC) USD Coin, hover over the tab called “Funds” and mouse click on “Withdraw”. (USDC) USD Coin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the provided drop-down box. Put into the amount of (USDC) USD Coin you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, click “Submit”. You could be asked for phone/email verification ahead of a take off.

Kudos! You have successfully bought and safed USD Coin (USDC) in Hong Kong.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have proved your withdrawal with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is safe within your wallet, you are finished.