A Step-by-Step-Guide on how to buy USD Coin (USDC) in Sint Maarten
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the major currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your welcome Ethereum or Bitcoin.
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Trader Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this manual) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been verified, you will now have access to your funds and you can launch buying and trading. To invest in (USDC) USD Coin on Binance, you'll want to go to the “Exchange” tab and click on “Basic”. In order to locate USD Coin (USDC), you will need to insert the cointype (USDC) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “USDC/BTC” to go on.
Step 4 – Purchase (USDC) USD Coin Once you have spotted USD Coin (USDC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The “Price” field will be automatically filled with the latest price USD Coin (USDC) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of USDC you like to purchase. The “Total” field is the total price in BTC that you will pay for the whole amount of USDC. If you're happy, click on “Buy USDC”. Your order will be filled as soon as a Vendor sells their USDC for the price you submitted.
Step 5 – Withdraw (USDC) USD Coin Unless you are trading, best advise is not to keep crypto on an Exchange for an longer period of time. 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 USD Coin (USDC) by using the provided drop-down box. Drop in the amount of USD Coin (USDC) you would like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.