A Step-by-Step-Guide on how to buy USD Coin (USDC) in Switzerland
Step 1 – Join CEX.io You'll first need to buy units of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your first Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin or Ethereum to an Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find (USDC) USD Coin As soon as your deposit has been verified, you'll now have access to your assets and you can commence invest and trading. To purchase USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find USD Coin (USDC), you will need to put the short name of the asset (USDC) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we've highlighted this also. Click on “USDC/BTC” to proceed.
Step 4 – Purchasing USD Coin (USDC) Once you've located (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we're creating our own Limit Order. The “Price” field will be automatically filled with the recent rate (USDC) USD Coin was traded for. You can change this to your desired rate. The “Amount” field is the volumen of USDC you wish to purchase. The “Total” field is the whole price in Bitcoin that you'll settle for the complete amount of USDC. If you're happy, click on “Buy USDC”. Your plan will be filled as soon as a Vendor trades their USDC for the price you gave.
Step 5 – Withdraw (USDC) USD Coin Unless you are regularly trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your (USDC) USD Coin, go to the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the provided drop-down box. Put into the quantity of USD Coin (USDC) you would like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your right withdraw address. If you're happy, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.