In this more detailed tutorial, we'll show you how to swap BTC for USDC on SwapNow in a few simple steps, quickly, without KYC and sign-up.
To start the BTC for USDC swap process, make sure that BTC is selected in the dropdown list to the right of "You send" box, and USDC is chosen in the dropdown list to the right of "You receive" box.
Enter the amount of Bitcoin (BTC) you are going to exchange into "You send" box. If your amount is lower than the allowed minimum for the BTC for USDC swap, the minimum value below "You send" box will turn red. In this case, please correct the amount. After entering the amount, wait a couple of seconds for the recalculation to complete and check the estimated amount of USD Coin (USDC) in "You receive" box.
Enter the receiving USDC crypto wallet address and, optionally, the refund BTC wallet address.
Click "Exchange" button to create the BTC for USDC swap transaction. If all entered values are correct and valid, you will be redirected to the transaction page.
On the transaction page, copy the deposit BTC address and amount into the corresponding fields on "Send" tab/dialog box of your crypto wallet (or simply scan the QR code if you are using a mobile wallet). Send the Bitcoin payment.
Track the status of your BTC for USDC swap on the transaction page. Typically, most exchanges take from 5 to 60 minutes. However, in case of a crypto network congestion, the swap process could take longer than that.
As soon as the swap status displays "Finished", you can check your receiving USDC wallet to make sure you have a new incoming USD Coin transaction.