How do I withdraw Usdc from Poloniex?

Lynn Lahn asked, updated on December 27th, 2020; Topic: poloniex
👁 484 👍 81 ★★★★☆4.4

How to Withdraw

  • Tap on the Wallet icon at the bottom left corner of your screen, and then Withdraw.
  • Select the currency you wish to withdraw.
  • Enter the destination address, and/or additional payment ID and the amount you wish to send.
  • Enter your password to confirm.

    • Follow this link for full answer

    On top of that, what is the point of Usdc?

    A USDC is a token that is worth exactly 1 USD. Its value is going to stay stable against USD — hence the name stablecoin for this type of coins. Unlike traditional cryptocurrencies, you can be sure that the value of your USDC wallet isn't going to fluctuate like crazy. It opens up new possibilities and use cases.

    Accordingly, how long do Usdc transfers take? Kraken's confirmations requirements

    CryptocurrencyConfirmations RequiredEstimated Time* If included in the next block.
    USD Coin (USDC)30 confirmations6 minutes
    Waves (WAVES)10 confirmations10 minutes
    Yearn Finance (YFI)30 confirmations6 minutes
    Zcash (ZEC)24 confirmations60 minutes

    Therefore, how do I transfer Usdc?

    Steps

  • Go to “Transfer USDC Out”
  • If necessary, add and verify the Ethereum address you want to withdraw to.
  • Select the Ethereum Address you want to withdraw to from the dropdown.
  • Select the amount you wish to send. ...
  • Click “Transfer USDC Out”, review the transfer information before, and click again to confirm.

    • How do I spend my Usdc?

    Steps

  • Go to "Redeem USDC"
  • Select the bank account you wish to withdraw to.
  • Enter the amount you wish to redeem to validate that it is under your redemption limit, and click continue. ...
  • Review the summary page, and click Redeem to Bank.
  • Verify the transaction via your 2FA mechanism.

    • 3 Related Questions Answered

    Is tether safe?

    The largest risk doesn't really have much to do with which version of Tether an investor holds, it has to do with the USDT reserves. The risk of Tether is the risk that the coins are not fully backed and in the event of a "bank run", not everyone will be able to get their dollars back.

    How do you sell a Usdc?

    While you unfortunately cannot sell USDC directly on Coinsquare, you can sell it on an altcoin exchange for Bitcoin or Ethereum and then use Coinsquare cash out to fiat currency like Euro or Canadian dollar.

    What does 2 confirmations mean on Coinbase?

    Confirmations: A bitcoin transaction is considered unconfirmed until it has been included in a block on the blockchain, at which point it has one confirmation. Each additional block is another confirmation. Coinbase requires 3 confirmations to consider a bitcoin transaction final.