A Step-by-Step-Guide on how to buy USD Coin (USDC) in Philippines
Step 1 – Join Kraken In the beginning you'll need to purchase one of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and receive your welcome Ethereum or Bitcoin.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this guide) Make sure you have chosen the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Find USD Coin (USDC) As soon as your deposit has been approved, you'll instantly have access to your finances and you can commence buying and trading. To buy USD Coin (USDC) on Binance, you will want to go to the “Exchange” tab and mouse click on “Basic”. To find USD Coin (USDC), you will need to put the cointype (USDC) into the search box, which is highlighted in the image. Be certain of having selected the right grouping, we've marked this also. Click on “USDC/BTC” to go on.
Step 4 – Buying (USDC) USD Coin As soon as you have found USD Coin (USDC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date price USD Coin (USDC) was traded for. You can change this to your favoured price. The “Amount” field is the amount of USDC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole amount of USDC. If you're glad, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Seller sells their USDC for the price you submitted.
Step 5 – Withdraw USD Coin (USDC) Unless you are frequently trading, never keep your crypto on an Exchange for an longer time period. In order to take off your (USDC) USD Coin, go to the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the given drop-down box. Enter the amount of (USDC) USD Coin you would wish to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. If you are glad, click on “Submit”. You could be requested for phone/email verification ahead of a take off.