How to Buy USD Coin (USDC) in Micronesia

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

Step 1 – Join CEX.io

You will first need to buy one of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below to register and receive your welcome BTC (Bitcoin) or ETH (Ethereum).

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

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. USD Coin (USDC) is available on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow these easy steps)

Make sure you've selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Find USD Coin (USDC)

As soon as your deposit has been affirmed, you'll now have access to your finances and you can start purchasing and trading. To purchase (USDC) USD Coin on Binance, you'll want to hover over the “Exchange” tab and 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 graphic. Make sure you have choosen the proper pairing, we have marked this also. Click on “USDC/BTC” to advance.

Step 4 – Acquisition of (USDC) USD Coin

Once you've found USD Coin (USDC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the latest tariff (USDC) USD Coin was sold for. You can change this to your desired price. The “Amount” field is the volumen of USDC you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the whole quantity of USDC.

If you are satisfied, click on “Buy USDC”. Your order will be filled when a Seller trades their USDC for the price you introduced.

Step 5 – Withdraw USD Coin (USDC)

Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your (USDC) USD Coin, go to the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the given drop-down box. Enter the amount of (USDC) USD Coin you would wish to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address.

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

Kudos! You have successfully bought and safed USD Coin (USDC) in Micronesia.

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (USDC) USD Coin is safe in your wallet, you're all done.