How to Buy USD Coin (USDC) in Venezuela

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

Step 1 – Signup to Coinbase – Get Free $10

In the beginning you'll need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and receive your welcome $10.

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this manual)

Make sure you have selected the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow these easy steps).

Step 3 – Locate USD Coin (USDC)

Once your deposit has been approved, you'll directly have access to your funds and you can begin purchasing and trading. To invest in (USDC) USD Coin on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to find USD Coin (USDC), you will need to put the cointype (USDC) into the search box, which is marked in the image. Make sure you have selected the right grouping, we have marked this also. Click on “USDC/BTC” to continue.

Step 4 – Acquisition of (USDC) USD Coin

After you've located USD Coin (USDC), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we are going to make our Limit Order.

The field with the “Price” tag will be filled with the most latest tariff (USDC) USD Coin was traded for. This can be changed to your preferred rate. The “Amount” field is the amount of USDC you wish to buy. The “Total” field is the aggregated price in BTC that you'll pay for the complete quantity of USDC.

When you're satisfied, make a mouse click on “Buy USDC”. Your order will be filled when a Vender trades their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you're trading, best advise is not to keep coins on an Crypto Exchange for an extended period of time. In order to take off your USD Coin (USDC), go to the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the provided drop-down box. Enter the amount of (USDC) USD Coin you would like to take off. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a take off.

Congrats! You've successfully purchased and safed (USDC) USD Coin in Venezuela.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is safe within your wallet, you're done.