How to Buy USD Coin (USDC) in Hungary

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

Step 1 – Join CEX.io

You'll first need to buy units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen the precise coin you would like to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate USD Coin (USDC)

As soon as your deposit has been confirmed, you'll directly have access to your funds and you can begin invest and trading. To purchase USD Coin (USDC) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to find (USDC) USD Coin, you'll need to insert the cointype (USDC) into the search-box, which is highlighted in the picture. Be certain of having selected the proper grouping, we've highlighted this also. Click on “USDC/BTC” to go on.

Step 4 – Purchasing (USDC) USD Coin

As soon as you have located (USDC) USD Coin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are making our Limit Order.

The field with the “Price” tag will be filled with the up-to-date valuation USD Coin (USDC) was sold for. You can change this to your desired rate. 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 will settle for the whole volumen of USDC.

When you're happy, click on “Buy USDC”. Your order will be filled as soon as a Vender sells their USDC for the price you submitted.

Step 5 – Withdraw (USDC) USD Coin

Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an longer time frame. In order to withdraw your USD Coin (USDC), go to the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the given drop-down box. Enter the quantity of (USDC) USD Coin you would wish to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

If you are glad, click “Submit”. You could be requested for email/phone verification before a withdrawal.

Kudos! You've successfully purchased and safed USD Coin (USDC) in Hungary.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is safe in your wallet, you're finished.