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Board Beginners & Help
Merits 3 from 2 users
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Binance.us: Using their OTC & How to buy USDC? Is it possible?
by
NYChyna
on 04/02/2021, 01:51:20 UTC
⭐ Merited by DdmrDdmr (2) ,vapourminer (1)
Please help. Here’s what I want to do: I plan to fund my account via wire transfer. Once the money hits my account, I want to buy over $10K USDC on Binance.us so I can transfer to my Nano X to be ready to buy some dips; because of the limit amount they’re saying I need to do this via their OTC—fine, no problem; forgive my ignorance but how do I then buy USDC? I don’t see it as an option? I only see USDT which I prefer not to use. If someone could explain step by step for this newbie of newbies how to accomplish this, I would really appreciate it.

After my fiat is deposited into my Binance account and I’m ready to buy my stablecoin, that will incur a fee correct? Then when I want to buy a dip, I’d transfer back to binance to buy whatever crypto and that will incur another fee correct?

Does anyone know generally how long a wire transfer takes? I bank w/Chase.

Thank you for your patience and for forgiving my ignorance.