How to Buy USD Coin (USDC) in Norfolk Island

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

Step 1 – Join Kraken

You will first need to purchase one of the major coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Click the button below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

Kraken Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

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

BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Binance Signup

Step 3 – Find (USDC) USD Coin

As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can start purchasing and trading. To invest in (USDC) USD Coin on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to discover USD Coin (USDC), you will need to put the shortname of the coin (USDC) into the search box, which is highlighted in the image. Make sure you have choosen the right pairing, we have highlighted this too. Click on “USDC/BTC” to progress.

Step 4 – Purchase USD Coin (USDC)

After you have spotted (USDC) USD Coin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our Limit Order.

The “Price” field will be filled automatically with the most latest tariff (USDC) USD Coin was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of USDC you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole quantity of USDC.

If you're happy, click on “Buy USDC”. Your plan will be filled as soon as a Seller trades their USDC for the price you introduced.

Step 5 – Withdraw (USDC) USD Coin

Unless you are trading, you should never keepyour coins on an Crypto Trader for an longer period of time. To withdraw your (USDC) USD Coin, go to the “Funds” tab and mouse click on “Withdraw”. (USDC) USD Coin can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the provided drop-down box. Drop in the quantity of USD Coin (USDC) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for phone/email verification ahead of a take off.

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

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored inside your wallet, you are done.
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