A Step-by-Step-Guide on how to buy USD Coin (USDC) in Monaco
Step 1 – Join Coinbase – Get Free $10 You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and to get your welcome 10 Dollar.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you've selected the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).
Step 3 – Find USD Coin (USDC) Once your deposit has been verified, you will now have access to your finances and you can start purchasing and trading. To invest in (USDC) USD Coin on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate USD Coin (USDC), you will need to put the shortname of the coin (USDC) into the search-box, which is marked in the image. Be certain of having choosen the right grouping, we've marked this also. Click on “USDC/BTC” to continue.
Step 4 – Purchasing (USDC) USD Coin After you have discovered USD Coin (USDC), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we're going to make our Limit Order. The “Price” field will be filled automatically with the most recent tariff USD Coin (USDC) was traded for. You can change this to your desired rate. The “Amount” field is the volumen of USDC you like to purchase. The “Total” field is the total price in Bitcoin that you'll settle for the complete volumen of USDC. When you're happy, click on “Buy USDC”. Your plan will be filled as soon as a Vender sells their USDC for the price you submitted.
Step 5 – Withdraw (USDC) USD Coin Unless you are frequently trading, never keep your crypto coins on an Crypto Exchange for an extended time frame. To withdraw 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, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the given drop-down box. Drop in the quantity of USD Coin (USDC) you would wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a take off.