A Step-by-Step-Guide on how to buy USD Coin (USDC) in Montserrat
Step 1 – Join Kraken You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. USD Coin (USDC) is available on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you have selected the correct coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find USD Coin (USDC) As soon as your deposit has been approved, you will immediately have access to your funds and you can begin buying and trading. To purchase USD Coin (USDC) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to locate USD Coin (USDC), you will need to put the shortname of the coin (USDC) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we've marked this too. Click on “USDC/BTC” to continue.
Step 4 – Purchase (USDC) USD Coin As soon as you've spotted USD Coin (USDC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our Limit Order. The “Price” field will be automatically filled with the latest valuation USD Coin (USDC) was sold for. This can be changed to your desired price. The “Amount” field is the quantity of USDC you wish to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole quantity of USDC. If you're satisfied, click on “Buy USDC”. Your order will be filled as soon as a Vendor trades their USDC for the price you introduced.
Step 5 – Withdraw USD Coin (USDC) Unless you are frequently trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an longer time period. In order to take off your USD Coin (USDC), go to the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDC) USD Coin by using the provided drop-down box. Enter the quantity of (USDC) USD Coin you'd like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're satisfied, click “Submit”. You could be asked for email/phone verification before a withdrawal.