A Step-by-Step-Guide on how to buy USD Coin (USDC) in Virgin Islands
Step 1 – Signup to CEX.io You will first need to buy one of the top-tier currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click the button below for registration and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange 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 funds from Coinbase to an Exchange? (Follow this guide) Make sure you've selected the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our how-to).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been approved, you'll instantly have access to your finances and you can commence purchasing 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 (USDC) USD Coin, you will need to put the cointype (USDC) into the search box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we have highlighted this too. Click on “USDC/BTC” to advance.
Step 4 – Purchasing (USDC) USD Coin Once you have spotted USD Coin (USDC), you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are making our own Limit Order. The “Price” field will be filled with the most latest valuation USD Coin (USDC) was traded for. You can change this to your favoured rate. The field with the “Amount” tag is the volumen of USDC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole quantity of USDC. If you are happy, click on “Buy USDC”. Your order will be filled as soon as a Seller sells their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you're regularly trading, never keep your coins on an Exchange for an extensive time period. In order to withdraw your (USDC) USD Coin, hover over the “Funds” tab and click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the given drop-down box. Enter the amount of USD Coin (USDC) you would like to take off. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address. If you are glad, click “Submit”. You may be requested for email/phone verification ahead of a withdrawal.