How to Buy USD Coin (USDC) in Japan

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

Step 1 – Join Kraken

You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. USD Coin (USDC) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (USDC) USD Coin

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

To locate (USDC) USD Coin, you will need to insert the short name of the asset (USDC) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we've marked this also. Click on “USDC/BTC” to continue.

Step 4 – Acquisition of (USDC) USD Coin

As soon as you have spotted USD Coin (USDC), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the image). And now we're making our own Limit Order.

The “Price” field will be filled automatically with the most recent price (USDC) USD Coin was traded for. This can be changed to your preferred rate. The “Amount” field is the quantity of USDC you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of USDC.

When you're satisfied, click on “Buy USDC”. Your plan will be filled as soon as a Vendor trades their USDC for the price you gave.

Step 5 – Withdraw USD Coin (USDC)

Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an extensive period of time. To take off your (USDC) USD Coin, go to 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 USD Coin (USDC) by using the provided drop-down box. Enter the quantity of USD Coin (USDC) you'd like to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you are glad, click “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congratulations! You have successfully bought and safed USD Coin (USDC) in Japan.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored in your wallet, you're done.
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