How to Buy USD Coin (USDC) in Nicaragua

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

Step 1 – Signup to CEX.io

You will first need to buy units of the major coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find (USDC) USD Coin

As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can initiate buying and trading. To purchase USD Coin (USDC) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

To spot USD Coin (USDC), you'll need to put the shortname of the coin (USDC) into the search-box, which is highlighted in the graphic. Be certain of having selected the correct pairing, we have marked this too. Click on “USDC/BTC” to continue.

Step 4 – Buying (USDC) USD Coin

Once you've located (USDC) USD Coin, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the image). Next we're going to create our Limit Order.

The field with the “Price” tag will be filled with the most recent rate (USDC) USD Coin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of USDC you want to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the complete quantity of USDC.

If you are happy, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Vendor trades their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. To withdraw your (USDC) USD Coin, hover over the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the given drop-down box. Enter the volumen of USD Coin (USDC) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

If you're glad, click “Submit”. You may be asked for email/phone verification ahead of a withdrawal.

Congrats! You have successfully purchased and stored (USDC) USD Coin in Nicaragua.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your take off with Etherscan.io or Ethplorer.io and the (USDC) USD Coin is stored inside your wallet, you're all done.