A Step-by-Step-Guide on how to buy USD Coin (USDC) in Monaco
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click the button below to register and receive your welcome Ethereum or Bitcoin.
Step 2 – Transmit Your Funds to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. USD Coin (USDC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow these easy steps) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate USD Coin (USDC) Once your deposit has been affirmed, you'll immediately have access to your finances and you can initiate purchasing and trading. To purchase USD Coin (USDC) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”. To spot (USDC) USD Coin, you'll need to insert the cointype (USDC) into the search-box, which is highlighted in the picture. Be certain of having selected the right grouping, we've marked this also. Click on “USDC/BTC” to advance.
Step 4 – Purchasing USD Coin (USDC) Once you've discovered (USDC) USD Coin, you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to make our own Limit Order. The “Price” field will be filled automatically with the most up-to-date rate (USDC) USD Coin was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of USDC you like to buy. The “Total” field is the whole price in Bitcoin that you will pay for the whole quantity of USDC. When you are glad, make a mouse click on “Buy USDC”. Your plan will be filled when a Vender sells their USDC for the price you submitted.
Step 5 – Withdraw USD Coin (USDC) Unless you're trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to take off your (USDC) USD Coin, go to 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 provided drop-down box. Put into the amount of (USDC) USD Coin you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You could be asked for email/phone verification ahead of a take off.