How to Buy USD Coin (USDC) in Ethiopia

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

Step 1 – Signup to Kraken

You will first need to purchase units of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Follow the Link below for registration and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an 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 will use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Locate USD Coin (USDC)

Once your deposit has been affirmed, you'll now have access to your finances and you can start invest and trading. To invest in USD Coin (USDC) on Binance, you will want to go to the “Exchange” tab and then click on “Basic”.

In order to find (USDC) USD Coin, you'll need to put the shortname of the coin (USDC) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've marked this also. Click on “USDC/BTC” to progress.

Step 4 – Purchase (USDC) USD Coin

After you have located (USDC) USD Coin, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order.

The “Price” field will be filled automatically with the most up-to-date rate (USDC) USD Coin was sold for. You can change this to your desired rate. The “Amount” field is the volumen of USDC you wish to buy. The “Total” field is the total price in BTC that you'll pay for the whole quantity of USDC.

When you're satisfied, click on “Buy USDC”. Your plan will be filled as soon as a Vendor sells their USDC for the price you submitted.

Step 5 – Withdraw (USDC) USD Coin

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

Find USD Coin (USDC) by using the provided drop-down box. Put into the volumen of (USDC) USD Coin you'd like to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your precise withdraw address.

If you are satisfied, click “Submit”. You could be asked for phone/email verification ahead of a withdrawal.

Congrats! You've successfully bought and safed (USDC) USD Coin in Ethiopia.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've proved your take off with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is stored inside your wallet, you are done.