How to Buy USD Coin (USDC) in Papua New Guinea

A Step-by-Step-Guide on how to buy USD Coin (USDC) in Papua New Guinea

Step 1 – Join CEX.io

In the beginning you'll need to purchase one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome Bitcoin or Ethereum.

Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto 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 alike. USD Coin (USDC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the exact coin you want to deposit.

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

Step 3 – Locate (USDC) USD Coin

Once your deposit has been confirmed, you'll immediately have access to your finances and you can launch buying and trading. To invest in USD Coin (USDC) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”.

To discover (USDC) USD Coin, you will need to insert the short name of the asset (USDC) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we have marked this too. Click on “USDC/BTC” to advance.

Step 4 – Purchase (USDC) USD Coin

After you have located USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate (USDC) USD Coin was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of USDC you like to purchase. The field with the “Total” tag is the total price in BTC that you will pay for the whole amount of USDC.

If you're glad, click on “Buy USDC”. Your plan will be filled as soon as a Vendor sells their USDC for the price you submitted.

Step 5 – Withdraw USD Coin (USDC)

Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extended time period. To withdraw your (USDC) USD Coin, hover over the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the provided drop-down box. Drop in the quantity of USD Coin (USDC) you would wish to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you are satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully bought and stored USD Coin (USDC) in Papua New Guinea.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your take off using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is safe in your wallet, you're done.