A Step-by-Step-Guide on how to buy USD Coin (USDC) in Netherlands
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and getting your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow these easy steps).
Step 3 – Locate USD Coin (USDC) Once your deposit has been verified, you will immediately have access to your finances and you can start invest and trading. To purchase USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To find USD Coin (USDC), you will need to insert the short name of the asset (USDC) into the search box, which is highlighted in the picture. Make sure you have choosen the correct pairing, we have marked this too. Click on “USDC/BTC” to go on.
Step 4 – Buying (USDC) USD Coin After you have found (USDC) USD Coin, you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're going to make our Limit Order. The “Price” field will be filled automatically with the up-to-date rate (USDC) USD Coin was traded for. This can be changed to your favoured price. The “Amount” field is the amount of USDC you want to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of USDC. When you are happy, click on “Buy USDC”. Your plan will be filled as soon as a Vender trades their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you're regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time period. To take off your (USDC) USD Coin, go to the “Funds” tab and mouse click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the provided drop-down box. Drop in the volumen of USD Coin (USDC) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a take off.