How to Buy USD Coin (USDC) in Slovakia

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

Step 1 – Join Kraken

You'll first need to buy one of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and to get your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your Funds to an Crypto Trader

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. USD Coin (USDC) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

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

Step 3 – Find USD Coin (USDC)

Once your deposit has been confirmed, you'll directly have access to your finances and you can launch invest and trading. To purchase USD Coin (USDC) on Binance, you'll want to hover over the “Exchange” tab and after that mouse click on “Basic”.

In order to locate (USDC) USD Coin, you will need to insert the cointype (USDC) into the search box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “USDC/BTC” to proceed.

Step 4 – Purchasing (USDC) USD Coin

As soon as you have spotted (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). For now we are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the latest rate (USDC) USD Coin was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the amount of USDC you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of USDC.

When you are glad, make a mouse click on “Buy USDC”. Your plan will be filled when a Vendor trades their USDC for the price you gave.

Step 5 – Withdraw USD Coin (USDC)

Unless you are trading, you should never keepyour crypto on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your (USDC) USD Coin, go to the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the provided drop-down box. Drop in the amount of (USDC) USD Coin you'd like to take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address.

If you are glad, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You've successfully purchased and stored USD Coin (USDC) in Slovakia.

That's it!

Take offs from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe within your wallet, you are all done.