How to Buy USD Coin (USDC) in Benin

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

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and getting your first Ethereum or Bitcoin.

Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to)

Make sure you have selected the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).

Step 3 – Find USD Coin (USDC)

As soon as your deposit has been approved, you will directly have access to your finances and you can initiate buying and trading. To invest in (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

To locate USD Coin (USDC), you'll need to put the short name of the asset (USDC) into the search box, which is marked in the graphic. Be certain of having selected the right grouping, we have highlighted this too. Click on “USDC/BTC” to continue.

Step 4 – Buy USD Coin (USDC)

Once you've spotted (USDC) USD Coin, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're making our Limit Order.

The “Price” field will be automatically filled with the most recent tariff (USDC) USD Coin was traded for. This can be changed to your desired price. The field with the “Amount” tag is the volumen of USDC you like to purchase. The “Total” field is the total price in Bitcoin that you will pay for the complete quantity of USDC.

If you're happy, click on “Buy USDC”. Your order will be filled as soon as a Vendor sells their USDC for the price you introduced.

Step 5 – Withdraw USD Coin (USDC)

Unless you are regularly trading, never keep your crypto coins on an Crypto Exchange for an extended time period. To take off your (USDC) USD Coin, go to the “Funds” tab and click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the given drop-down box. Enter the amount of (USDC) USD Coin you would like to take off. Take into account the presented fees/minimums. Also make sure you have entered your right withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.

Congratulations! You've successfully purchased and stored USD Coin (USDC) in Benin.

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored inside your wallet, you are done.