How to Buy USD Coin (USDC) in Eritrea

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

Step 1 – Join Kraken

You will first need to buy one of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and to get your welcome Ethereum (ETH) or Bitcoin (BTC).

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

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is obtainable 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 guide)

Make sure you've chosen the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etcetera. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Locate (USDC) USD Coin

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

In order to spot (USDC) USD Coin, you'll need to put the shortname of the coin (USDC) into the search-box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this too. Click on “USDC/BTC” to proceed.

Step 4 – Buying USD Coin (USDC)

As soon as you have located USD Coin (USDC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are making our Limit Order.

The field with the “Price” tag will be filled with the most latest price (USDC) USD Coin was traded for. You can change this to your preferred price. The “Amount” field is the volumen of USDC you want to buy. The “Total” field is the total price in BTC that you'll settle for the whole volumen of USDC.

If you are satisfied, click on “Buy USDC”. Your order will be filled as soon as a Seller trades their USDC for the price you gave.

Step 5 – Withdraw USD Coin (USDC)

Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an extensive time period. In order to take off your USD Coin (USDC), go to the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the given drop-down box. Put into the quantity of (USDC) USD Coin you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address.

When you are satisfied, click “Submit”. You could be requested for email/phone verification ahead of a take off.

Congratulations! You've successfully purchased and safed USD Coin (USDC) in Eritrea.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is safe inside your wallet, you're all done.