How to Buy USD Coin (USDC) in Norway

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

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

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).

Step 3 – Locate (USDC) USD Coin

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

In order to spot (USDC) USD Coin, you'll need to insert the cointype (USDC) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we've highlighted this too. Click on “USDC/BTC” to go ahead.

Step 4 – Buy (USDC) USD Coin

After you've located USD Coin (USDC), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we are going to create our own Limit Order.

The field with the “Price” tag will be filled with the latest valuation (USDC) USD Coin was traded for. You can change this to your desired rate. The “Amount” field is the amount of USDC you like to purchase. The “Total” field is the total price in BTC that you will settle for the complete volumen of USDC.

When you're satisfied, click on “Buy USDC”. Your order will be filled when a Seller trades their USDC for the price you offered.

Step 5 – Withdraw (USDC) USD Coin

Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Exchange for an extended time frame. In order to take off your USD Coin (USDC), go to the “Funds” tab and click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the given drop-down box. Put into the amount of USD Coin (USDC) you'd wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

If you're happy, make a mouse click on “Submit”. You could be asked for verfication via email/phone before a take off.

Kudos! You've successfully purchased and safed USD Coin (USDC) in Norway.

That's it!

Withdrawals from Cryptocurrency Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your take off using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored inside your wallet, you are done.