How to Buy USD Coin (USDC) in Samoa

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

Step 1 – Signup to Kraken

You'll first need to buy one of the major currencies. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is available on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you have chosen the exact coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow our how-to).

Step 3 – Locate (USDC) USD Coin

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

To find USD Coin (USDC), you'll need to put the short name of the asset (USDC) into the search box, which is highlighted in the image. Make sure you have choosen the right grouping, we've highlighted this also. Click on “USDC/BTC” to proceed.

Step 4 – Purchasing (USDC) USD Coin

Once you've spotted (USDC) USD Coin, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to make our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date rate (USDC) USD Coin was sold for. This can be changed to your favoured price. The “Amount” field is the quantity of USDC you like to purchase. The “Total” field is the total price in Bitcoin that you will settle for the whole volumen of USDC.

When you are happy, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Seller trades their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you're trading, best advise is not to keep your crypto coins on an Crypto Exchange for an longer time period. In order to withdraw your (USDC) USD Coin, go to the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the provided drop-down box. Enter the amount of USD Coin (USDC) you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

If you are glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.

Congratulations! You have successfully purchased and safed USD Coin (USDC) in Samoa.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (USDC) USD Coin is safe inside your wallet, you're finished.