A Step-by-Step-Guide on how to buy USD Coin (USDC) in Virgin Islands
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to purchase units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your first 10$.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin or Ethereum 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 will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate USD Coin (USDC) Once your deposit has been approved, you'll immediately have access to your funds and you can begin purchasing and trading. To buy USD Coin (USDC) on Binance, you'll want to hover over the tab which is called “Exchange” and mouse click on “Basic”. To discover (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 choosen the right grouping, we've marked this too. Click on “USDC/BTC” to go on.
Step 4 – Buy USD Coin (USDC) After you've located USD Coin (USDC), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we're making our own Limit Order. The “Price” field will be filled with the up-to-date valuation (USDC) USD Coin was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of USDC you want to buy. The “Total” field is the total price in Bitcoin that you will settle for the whole amount of USDC. When you're happy, click on “Buy USDC”. Your order will be filled when a Seller trades their USDC for the price you introduced.
Step 5 – Withdraw (USDC) USD Coin Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an longer time period. To withdraw your USD Coin (USDC), hover over the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find (USDC) USD Coin by using the provided drop-down box. Enter the quantity of (USDC) USD Coin you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you are glad, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.