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 CEX.io

You'll first need to purchase units of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Follow the Link below for registration and getting your first Ethereum or Bitcoin.

Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. USD Coin (USDC) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Locate (USDC) USD Coin

As soon as your deposit has been confirmed, you'll instantly have access to your funds and you can initiate purchasing and trading. To invest in (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To find (USDC) USD Coin, you'll need to put the cointype (USDC) into the search-box, which is highlighted in the image. Be certain of having selected the correct grouping, we've marked this also. Click on “USDC/BTC” to go ahead.

Step 4 – Acquisition of (USDC) USD Coin

After you have spotted USD Coin (USDC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our Limit Order.

The field with the “Price” tag will be automatically filled with the recent valuation (USDC) USD Coin was traded for. This can be changed to your desired price. The field with the “Amount” tag is the amount of USDC you wish to buy. The “Total” field is the aggregated price in BTC that you will settle for the whole volumen of USDC.

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

Step 5 – Withdraw USD Coin (USDC)

Unless you are regularly trading, best advise is not to keep your crypto coins on an Exchange for an extended time frame. In order to withdraw your (USDC) USD Coin, go to the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you're happy, click on “Submit”. You could be asked for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully bought and safed (USDC) USD Coin in Timor-Leste.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have proved your withdrawal using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored inside your wallet, you're finished.