How to Buy USD Coin (USDC) in Malaysia

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

Step 1 – Signup to Kraken

You will first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click below to register and receive your first BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. USD Coin (USDC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).

Step 3 – Locate (USDC) USD Coin

Once your deposit has been affirmed, you'll instantly have access to your finances and you can start purchasing and trading. To invest in USD Coin (USDC) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To find USD Coin (USDC), you'll need to put the cointype (USDC) into the search-box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this too. Click on “USDC/BTC” to proceed.

Step 4 – Purchasing USD Coin (USDC)

After you have discovered USD Coin (USDC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order.

The “Price” field will be filled with the most recent price USD Coin (USDC) was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of USDC you like to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of USDC.

If you are happy, click on “Buy USDC”. Your plan will be filled when a Vender sells their USDC for the price you introduced.

Step 5 – Withdraw USD Coin (USDC)

Unless you are frequently trading, best advise is not to keep your crypto on an Exchange for an extended time period. In order to take off your USD Coin (USDC), hover over the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, for instance 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. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address.

When you are satisfied, make a mouse click on “Submit”. You could be requested for verfication via email/phone before a withdrawal.

Kudos! You've successfully purchased and stored USD Coin (USDC) in Malaysia.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is stored in your wallet, you are done.