How to Buy USD Coin (USDC) in Mongolia

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

Step 1 – Join Kraken

In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Exchange

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual)

Make sure you've chosen the exact 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 using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find USD Coin (USDC)

Once your deposit has been verified, you will now have access to your assets and you can commence buying and trading. To purchase (USDC) USD Coin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to discover USD Coin (USDC), you'll need to insert the cointype (USDC) into the search box, which is highlighted in the picture. Be certain of having choosen the proper grouping, we have highlighted this also. Click on “USDC/BTC” to go on.

Step 4 – Acquisition of (USDC) USD Coin

After you have spotted (USDC) USD Coin, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our Limit Order.

The “Price” field will be automatically filled with the latest tariff (USDC) USD Coin was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the amount of USDC you wish to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the complete amount of USDC.

If you're glad, click on “Buy USDC”. Your plan will be filled when a Vendor sells their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time frame. To withdraw your (USDC) USD Coin, hover over the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the provided drop-down box. Enter the amount of USD Coin (USDC) you'd wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

When you're glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and stored (USDC) USD Coin in Mongolia.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe within your wallet, you're done.