How to Buy USD Coin (USDC) in Singapore

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive your welcome Bitcoin or Ethereum.

Step 2 – Send Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you have chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you are using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate (USDC) USD Coin

As soon as your deposit has been verified, you'll immediately have access to your assets and you can begin buying and trading. To buy (USDC) USD Coin on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”.

In order to find (USDC) USD Coin, you'll need to insert the shortname of the coin (USDC) into the search box, which is marked in the graphic. Make sure you have choosen the proper pairing, we've marked this too. Click on “USDC/BTC” to go ahead.

Step 4 – Buying (USDC) USD Coin

As soon as you've 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 Limit Order.

The field with the “Price” tag will be automatically filled with the most latest price (USDC) USD Coin was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of USDC you wish to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole amount of USDC.

If you're glad, click on “Buy USDC”. Your order will be filled when a Seller trades their USDC for the price you submitted.

Step 5 – Withdraw USD Coin (USDC)

Unless you are trading, best advise is not to keep crypto coins on an Crypto Exchange for an longer time frame. In order to take off your USD Coin (USDC), go to the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the provided drop-down box. Enter the volumen of USD Coin (USDC) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you are satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Congratulations! You've successfully purchased and stored (USDC) USD Coin in Singapore.

That's it!

Take offs from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off using Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe within your wallet, you are finished.