How to Buy USD Coin (USDC) in Spain

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

Step 1 – Signup to CEX.io

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

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

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just 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 launch purchasing and trading. To purchase USD Coin (USDC) on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To discover USD Coin (USDC), you'll 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've highlighted this too. Click on “USDC/BTC” to continue.

Step 4 – Purchase (USDC) USD Coin

Once you've spotted USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're making our Limit Order.

The field with the “Price” tag will be filled with the most recent price (USDC) USD Coin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of USDC you want to buy. The “Total” field is the whole price in BTC that you will settle for the complete amount of USDC.

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

Step 5 – Withdraw (USDC) USD Coin

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

Locate (USDC) USD Coin by using the given drop-down box. Put into the quantity of (USDC) USD Coin you'd wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address.

If you're happy, click on “Submit”. You may be requested for phone/email verification ahead of a withdrawal.

Kudos! You have successfully bought and safed (USDC) USD Coin in Spain.

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored inside your wallet, you're done.