How to Buy USD Coin (USDC) in Bahrain

A Step-by-Step-Guide on how to buy USD Coin (USDC) in Bahrain

Step 1 – Signup to Coinbase and get 10$ for free

You will first need to buy units of the top-tier coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and getting your welcome 10 Dollar.

Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this how-to)

Make sure you have chosen the exact coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate USD Coin (USDC)

As soon as your deposit has been affirmed, you'll immediately have access to your funds and you can launch invest and trading. To purchase USD Coin (USDC) on Binance, you'll want to go to the “Exchange” tab and mouse click on “Basic”.

In order to locate (USDC) USD Coin, you'll need to put the cointype (USDC) into the search-box, which is highlighted in the graphic. Be certain of having choosen the correct grouping, we've marked this also. Click on “USDC/BTC” to go ahead.

Step 4 – Purchase USD Coin (USDC)

As soon as you have found USD Coin (USDC), you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be filled with the most up-to-date tariff USD Coin (USDC) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of USDC you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the complete volumen of USDC.

If you're happy, click on “Buy USDC”. Your order will be filled when a Vendor trades their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you are trading, never keep your crypto coins on an Crypto Trader for an extensive time period. In order to withdraw your USD Coin (USDC), go to the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the given drop-down box. Enter the volumen of (USDC) USD Coin you would wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address.

If you're satisfied, click on “Submit”. You could be asked for email/phone verification before a withdrawal.

Kudos! You've successfully purchased and stored USD Coin (USDC) in Bahrain.

That's it!

Withdrawals from Crypto Trader can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is safe inside your wallet, you are all done.