How to Buy USD Coin (USDC) in Taiwan

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

Step 1 – Join Kraken

You will first need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this guide)

Make sure you've selected the precise coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Find USD Coin (USDC)

As soon as your deposit has been verified, you will instantly have access to your finances and you can launch purchasing and trading. To purchase (USDC) USD Coin on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”.

To spot USD Coin (USDC), you'll need to insert the cointype (USDC) into the search box, which is marked in the image. Make sure you have choosen the right grouping, we've marked this too. Click on “USDC/BTC” to continue.

Step 4 – Buying USD Coin (USDC)

Once you've located USD Coin (USDC), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The “Price” field will be filled automatically with the up-to-date price (USDC) USD Coin was traded for. You can change this to your favoured rate. The “Amount” field is the quantity of USDC you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole amount of USDC.

When you're satisfied, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Vendor trades their USDC for the price you submitted.

Step 5 – Withdraw (USDC) USD Coin

Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extended time frame. To take off your (USDC) USD Coin, go to the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the given drop-down box. Enter the amount of (USDC) USD Coin you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your precise withdraw address.

If you're glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a take off.

Congrats! You've successfully bought and safed USD Coin (USDC) in Taiwan.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (USDC) USD Coin is stored inside your wallet, you are done.