A Step-by-Step-Guide on how to buy USD Coin (USDC) in Saint Martin
Step 1 – Signup to Kraken You'll first need to purchase units of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Follow the Link below to register and receive your first ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. USD Coin (USDC) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (USDC) USD Coin Once your deposit has been affirmed, you will directly have access to your funds and you can begin purchasing and trading. To buy USD Coin (USDC) on Binance, you will want to hover over the “Exchange” tab and after that mouse click on “Basic”. To spot USD Coin (USDC), you'll need to insert the shortname of the coin (USDC) into the search-box, which is highlighted in the picture. Be certain of having selected the right grouping, we've marked this also. Click on “USDC/BTC” to advance.
Step 4 – Buy (USDC) USD Coin After you have located USD Coin (USDC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent rate USD Coin (USDC) was sold for. You can change this to your desired price. The “Amount” field is the volumen of USDC you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the complete quantity of USDC. When you're satisfied, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Vendor trades their USDC for the price you introduced.
Step 5 – Withdraw USD Coin (USDC) Unless you're trading, best advise is not to keep your crypto coins on an Exchange for an longer time frame. In order to take off your (USDC) USD Coin, hover over the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the given drop-down box. Drop in the quantity of USD Coin (USDC) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a withdrawal.