A Step-by-Step-Guide on how to buy USD Coin (USDC) in New Zealand
Step 1 – Signup to CEX.io You will first need to buy units of the major coins. Exchanges commonly accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below to register and getting your first Bitcoin or Ethereum.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can commence buying and trading. To buy (USDC) USD Coin on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”. To locate USD Coin (USDC), you will need to put the shortname of the coin (USDC) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've highlighted this too. Click on “USDC/BTC” to go on.
Step 4 – Purchase USD Coin (USDC) After you have discovered (USDC) USD Coin, you'll be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). Next we're creating our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff USD Coin (USDC) was sold for. You can change this to your favoured rate. The “Amount” field is the amount of USDC you wish to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of USDC. If you're glad, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Vendor sells their USDC for the price you offered.
Step 5 – Withdraw (USDC) USD Coin Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time period. 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) Find (USDC) USD Coin by using the given drop-down box. Put into the quantity of (USDC) USD Coin you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, click “Submit”. You may be requested for phone/email verification before a take off.