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 CEX.io

You'll first need to purchase units of the bigger currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive your welcome Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Transmit Your Funds to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to)

Make sure you have chosen the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Locate USD Coin (USDC)

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

To discover USD Coin (USDC), you will need to put the short name of the asset (USDC) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we've marked this also. Click on “USDC/BTC” to progress.

Step 4 – Buying (USDC) USD Coin

Once you have discovered (USDC) USD Coin, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our Limit Order.

The “Price” field will be automatically filled with the recent valuation USD Coin (USDC) was sold for. This can be changed to your desired price. The “Amount” field is the quantity of USDC you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete amount of USDC.

When you are satisfied, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Vendor trades their USDC for the price you submitted.

Step 5 – Withdraw USD Coin (USDC)

Unless you are trading, you should never keepyour crypto on an Crypto Trader for an extended time frame. In order to take off your USD Coin (USDC), go to the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the provided drop-down box. Drop in the volumen of USD Coin (USDC) you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address.

If you're glad, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You have successfully bought and safed (USDC) USD Coin in Venezuela.

That's it!

Take offs from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is stored within your wallet, you're finished.