How to Buy USD Coin (USDC) in Timor-Leste

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

Step 1 – Signup to Coinbase and recieve 10$ for free

You'll first need to purchase one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and getting your first 10 Dollar.

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

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 accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you've chosen the correct coin you want to deposit.

Bitcoin 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 (Follow our guide).

Step 3 – Locate USD Coin (USDC)

Once your deposit has been verified, you will now have access to your finances and you can start buying and trading. To invest in USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

To spot 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 proper pairing, we've marked this too. Click on “USDC/BTC” to proceed.

Step 4 – Acquisition of USD Coin (USDC)

As soon as you've found (USDC) USD Coin, you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The “Price” field will be filled with the latest valuation (USDC) USD Coin was sold for. This can be changed to your favoured price. The “Amount” field is the amount of USDC you like to purchase. The “Total” field is the aggregated price in Bitcoin that you'll pay for the complete amount of USDC.

If you are satisfied, make a mouse click on “Buy USDC”. Your order will be filled when a Vender trades their USDC for the price you submitted.

Step 5 – Withdraw (USDC) USD Coin

Unless you're trading, best advise is not to keep your crypto on an Exchange for an longer time frame. In order to take off your USD Coin (USDC), hover over the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (USDC) USD Coin by using the provided drop-down box. Drop in the volumen of (USDC) USD Coin you would like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you are glad, click on “Submit”. You could be requested for verfication via phone/email before a take off.

Congratulations! You've successfully purchased and stored USD Coin (USDC) in Timor-Leste.

That's it!

Take offs from Crypto Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored in your wallet, you're finished.