How to Buy USD Coin (USDC) in United Kingdom

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

Step 1 – Join Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below to register and getting your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency 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 illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find (USDC) USD Coin

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

In order to spot USD Coin (USDC), you will need to put the cointype (USDC) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've marked this too. Click on “USDC/BTC” to proceed.

Step 4 – Purchasing USD Coin (USDC)

As soon as you've spotted USD Coin (USDC), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date rate (USDC) USD Coin was sold for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of USDC you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of USDC.

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

Step 5 – Withdraw USD Coin (USDC)

Unless you are frequently trading, never keep your coins on an Exchange for an longer period of time. In order to take off your (USDC) USD Coin, hover over the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

When you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You've successfully purchased and stored USD Coin (USDC) in United Kingdom.

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your take off using Ethplorer.io or Etherscan.io and the USD Coin (USDC) is stored inside your wallet, you are all done.