How to Buy USD Coin (USDC) in Peru

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

Step 1 – Join Kraken

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

Step 2 – Send Your Funds to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. USD Coin (USDC) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you've selected the correct coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate USD Coin (USDC)

Once your deposit has been verified, you'll directly have access to your finances and you can initiate buying and trading. To buy (USDC) USD Coin on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

In order to discover USD Coin (USDC), you will need to insert the cointype (USDC) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we have highlighted this too. Click on “USDC/BTC” to go on.

Step 4 – Buying USD Coin (USDC)

As soon as you've found (USDC) USD Coin, you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to create our own Limit Order.

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

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

Step 5 – Withdraw (USDC) USD Coin

Unless you're regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extended period of time. To take off your (USDC) USD Coin, go to the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the provided drop-down box. Drop in the amount of (USDC) USD Coin you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your correct withdraw address.

If you are happy, click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.

Congrats! You have successfully purchased and safed (USDC) USD Coin in Peru.

That's it!

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