A Step-by-Step-Guide on how to buy USD Coin (USDC) in India
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first $10.
Step 2 – Send Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your Ethereum or Bitcoin has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you have chosen the exact coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been verified, you'll instantly have access to your assets and you can begin purchasing and trading. To buy USD Coin (USDC) on Binance, you'll want to hover over the “Exchange” tab and then click on “Basic”. In order to spot (USDC) USD Coin, you will need to insert the cointype (USDC) into the search box, which is highlighted in the graphic. Make sure you have selected the proper grouping, we've highlighted this too. Click on “USDC/BTC” to go ahead.
Step 4 – Buying USD Coin (USDC) As soon as you have spotted USD Coin (USDC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're creating our Limit Order. The field with the “Price” tag will be filled with the recent valuation USD Coin (USDC) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of USDC you want to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the whole volumen of USDC. When you're satisfied, click on “Buy USDC”. Your plan will be filled when a Seller sells their USDC for the price you offered.
Step 5 – Withdraw (USDC) USD Coin Unless you're regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended time frame. To take off your USD Coin (USDC), hover over the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the provided drop-down box. Put into the amount of USD Coin (USDC) you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. When you are glad, click “Submit”. You may be asked for phone/email verification before a take off.