A Step-by-Step-Guide on how to buy USD Coin (USDC) in Suriname
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below for registration and receive your first $10.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange 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 sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you've selected the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can initiate purchasing and trading. To purchase USD Coin (USDC) on Binance, you will want to hover over the “Exchange” tab and after that click on “Basic”. In order to locate USD Coin (USDC), you'll need to insert the shortname of the coin (USDC) into the search box, which is marked in the image. Make sure you have choosen the correct grouping, we have highlighted this also. Click on “USDC/BTC” to proceed.
Step 4 – Purchase (USDC) USD Coin As soon as you've spotted USD Coin (USDC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are making our own Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date price (USDC) USD Coin was traded for. This can be changed to your favoured price. The field with the “Amount” tag is the quantity of USDC you like to buy. The “Total” field is the whole price in BTC that you'll settle for the whole quantity of USDC. If you're happy, make a mouse click on “Buy USDC”. Your plan will be filled when a Vendor sells their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you're trading, best advise is not to keep your crypto coins on an Exchange for an longer time period. To withdraw your USD Coin (USDC), go to the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the given drop-down box. Enter the amount of (USDC) USD Coin you'd wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.