A Step-by-Step-Guide on how to buy USD Coin (USDC) in Israel
Step 1 – Signup to Coinbase and recieve 10$ for free You'll first need to buy units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and receive your welcome 10$.
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the right coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find (USDC) USD Coin Once your deposit has been verified, you will now have access to your funds and you can begin buying and trading. To buy USD Coin (USDC) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to locate (USDC) USD Coin, you'll need to insert the shortname of the coin (USDC) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we have marked this also. Click on “USDC/BTC” to advance.
Step 4 – Purchasing (USDC) USD Coin After you have spotted (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to create our Limit Order. The “Price” field will be filled with the latest tariff (USDC) USD Coin was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of USDC you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of USDC. When you are satisfied, make a mouse click on “Buy USDC”. Your order will be filled when a Seller sells their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your (USDC) USD Coin, hover over the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the given drop-down box. Enter the quantity of (USDC) USD Coin you'd like to take off. Don't forget the displayed fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click “Submit”. You could be asked for verfication via phone/email before a withdrawal.