A Step-by-Step-Guide on how to buy USD Coin (USDC) in Anguilla
Step 1 – Join Coinmama In the beginning you'll need to purchase units of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click below to register and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is available on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been affirmed, you'll directly have access to your assets and you can launch invest and trading. To buy USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To find USD Coin (USDC), you will need to insert the shortname of the coin (USDC) into the search-box, which is marked in the picture. Be certain of having choosen the proper pairing, we've marked this also. Click on “USDC/BTC” to go on.
Step 4 – Purchase USD Coin (USDC) Once you've found USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our own Limit Order. The ”Price” field will be automatically filled with the most recent price USD Coin (USDC) was traded for. You can change this to your preferred price. The ”Amount” field is the volumen of USDC you wish to buy. The ”Total” field is the aggregated price in BTC that you'll pay for the complete amount of USDC. If you are glad, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Vendor sells their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you are regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your USD Coin (USDC), hover over the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the given drop-down box. Enter the quantity of USD Coin (USDC) you'd like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You may be asked for verfication via phone/email before a take off.
Congrats! You've successfully purchased and safed USD Coin (USDC) in Anguilla.That's it! Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe inside your wallet, you are all done.
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