How to Buy USD Coin (USDC) in Jersey

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

Step 1 – Join Kraken

You'll first need to purchase one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below to register and getting your first Bitcoin or Ethereum.

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

Your Ethereum or Bitcoin has 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. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find (USDC) USD Coin

Once your deposit has been approved, you'll now have access to your funds and you can launch purchasing and trading. To purchase (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and click on “Basic”.

To spot (USDC) USD Coin, you will need to put the cointype (USDC) into the search-box, which is highlighted in the picture. Be certain of having selected the proper pairing, we've marked this too. Click on “USDC/BTC” to continue.

Step 4 – Purchase (USDC) USD Coin

After you have spotted USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to create our Limit Order.

The field with the “Price” tag will be filled with the most latest rate (USDC) USD Coin was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of USDC you like to buy. The “Total” field is the whole price in Bitcoin that you will pay for the complete volumen of USDC.

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

Step 5 – Withdraw (USDC) USD Coin

Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. To take off your (USDC) USD Coin, hover over the “Funds” tab and mouse click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the provided drop-down box. Drop in the volumen of USD Coin (USDC) you'd like to take off. Take into account the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Kudos! You've successfully bought and stored USD Coin (USDC) in Jersey.

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is stored within your wallet, you are done.