A Step-by-Step-Guide on how to buy USD Coin (USDC) in Trinidad And Tobago
Step 1 – Signup to Kraken You'll first need to buy units of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and getting your first Bitcoin or Ethereum.
Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is available on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Just follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate (USDC) USD Coin Once your deposit has been verified, you'll instantly have access to your funds and you can start invest and trading. To invest in USD Coin (USDC) on Binance, you'll want to go to the “Exchange” tab and then click on “Basic”. To locate (USDC) USD Coin, you'll need to insert the cointype (USDC) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we've marked this too. Click on “USDC/BTC” to advance.
Step 4 – Buying USD Coin (USDC) After you've discovered USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the image). And now we are making our Limit Order. The “Price” field will be filled with the most up-to-date rate USD Coin (USDC) was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of USDC you wish to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the whole amount of USDC. If you're satisfied, make a mouse click on “Buy USDC”. Your order will be filled when a Seller trades their USDC for the price you introduced.
Step 5 – Withdraw (USDC) USD Coin Unless you're regularly trading, you should never keepyour crypto on an Crypto Exchange for an extended time frame. In order to withdraw your USD Coin (USDC), hover over the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDC) USD Coin by using the provided drop-down box. Drop in the quantity of (USDC) USD Coin you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your right withdraw address. If you're glad, click on “Submit”. You could be asked for phone/email verification ahead of a take off.