How to Buy USD Coin (USDC) in Turks And Caicos Islands

A Step-by-Step-Guide on how to buy USD Coin (USDC) in Turks And Caicos Islands

Step 1 – Join Kraken

In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

Make sure you've chosen the right coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find USD Coin (USDC)

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

To spot USD Coin (USDC), you'll need to put the shortname of the coin (USDC) into the search-box, which is marked in the graphic. Be certain of having selected the right grouping, we've highlighted this also. Click on “USDC/BTC” to advance.

Step 4 – Purchasing (USDC) USD Coin

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

The field with the “Price” tag will be filled automatically with the up-to-date price USD Coin (USDC) was traded for. You can change this to your preferred price. The “Amount” field is the quantity of USDC you like to purchase. The “Total” field is the whole price in BTC that you will settle for the complete volumen of USDC.

If you are happy, make a mouse click on “Buy USDC”. Your plan will be filled when a Vendor sells their USDC for the price you offered.

Step 5 – Withdraw (USDC) USD Coin

Unless you're frequently trading, you should never keepyour coins on an Crypto Trader for an longer period of time. To take off your (USDC) USD Coin, go to the “Funds” tab and click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the given drop-down box. Drop in the volumen of (USDC) USD Coin you'd like to take off. Take into account the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you're happy, make a mouse click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Congrats! You've successfully purchased and safed USD Coin (USDC) in Turks And Caicos Islands.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is stored inside your wallet, you are done.