How to Buy USD Coin (USDC) in Luxembourg

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for Altcoins. Click below to register and getting your welcome Bitcoin or Ethereum.

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

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you have selected the right coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate USD Coin (USDC)

As soon as your deposit has been confirmed, you'll directly have access to your assets and you can commence invest and trading. To buy USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”.

In order to discover (USDC) USD Coin, you will need to put the short name of the asset (USDC) into the search box, which is marked in the picture. Be certain of having selected the correct grouping, we've highlighted this too. Click on “USDC/BTC” to go on.

Step 4 – Buy USD Coin (USDC)

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

The “Price” field will be filled automatically with the up-to-date rate USD Coin (USDC) was traded for. This can be changed to your preferred price. The “Amount” field is the quantity of USDC you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the whole amount of USDC.

If you're happy, make a mouse click on “Buy USDC”. Your order will be filled when a Seller trades their USDC for the price you offered.

Step 5 – Withdraw (USDC) USD Coin

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

Locate USD Coin (USDC) by using the provided drop-down box. Drop in the quantity of (USDC) USD Coin you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

If you are satisfied, click “Submit”. You could be requested for phone/email verification ahead of a take off.

Congrats! You have successfully purchased and stored (USDC) USD Coin in Luxembourg.

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is safe inside your wallet, you are all done.