A Step-by-Step-Guide on how to buy USD Coin (USDC) in Jersey
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to purchase one of the bigger currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your first 10$.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. USD Coin (USDC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find USD Coin (USDC) Once your deposit has been confirmed, you will immediately have access to your finances and you can begin invest and trading. To invest in (USDC) USD Coin on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To discover (USDC) USD Coin, you will need to put the cointype (USDC) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we've marked this also. Click on “USDC/BTC” to go ahead.
Step 4 – Purchase USD Coin (USDC) Once you've discovered (USDC) USD Coin, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we are going to make our own Limit Order. The “Price” field will be filled with the most recent price USD Coin (USDC) was traded for. You can change this to your favoured price. The “Amount” field is the volumen of USDC you wish to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of USDC. If you're glad, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Seller trades their USDC for the price you gave.
Step 5 – Withdraw (USDC) USD Coin Unless you're trading, best advise is not to keep your coins on an Crypto Trader for an longer period of time. To withdraw your USD Coin (USDC), go to the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDC) USD Coin by using the given drop-down box. Put into the amount of (USDC) USD Coin you would wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.