How to Buy USD Coin (USDC) in Korea

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

Step 1 – Signup to CEX.io

You will first need to buy one of the bigger coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below for registration and to get your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency 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 illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this guide)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Find (USDC) USD Coin

As soon as your deposit has been verified, you will instantly have access to your funds and you can initiate purchasing and trading. To buy (USDC) USD Coin on Binance, you'll want to go to the “Exchange” tab and after that click on “Basic”.

In order to spot USD Coin (USDC), you'll need to insert the shortname of the coin (USDC) into the search box, which is highlighted in the image. Make sure you have selected the proper grouping, we have highlighted this too. Click on “USDC/BTC” to go on.

Step 4 – Purchasing (USDC) USD Coin

Once you've discovered USD Coin (USDC), you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our Limit Order.

The field with the “Price” tag will be filled automatically with the latest valuation (USDC) USD Coin was traded for. This can be changed to your favoured price. The “Amount” field is the amount of USDC you want to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole volumen of USDC.

If you are satisfied, click on “Buy USDC”. Your plan will be filled when a Vendor sells their USDC for the price you offered.

Step 5 – Withdraw USD Coin (USDC)

Unless you are trading, best advise is not to keep coins on an Crypto Trader for an extended time frame. To take off your (USDC) USD Coin, go to the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (USDC) USD Coin by using the given drop-down box. Put into the amount of USD Coin (USDC) you would like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

When you're happy, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.

Congrats! You have successfully purchased and safed USD Coin (USDC) in Korea.

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your take off using Etherscan.io or Ethplorer.io and the USD Coin (USDC) is stored within your wallet, you're all done.