A Step-by-Step-Guide on how to buy USD Coin (USDC) in Ghana
Step 1 – Join CEX.io In the beginning you'll need to purchase units of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has 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're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate USD Coin (USDC) Once your deposit has been approved, you'll instantly have access to your assets and you can begin purchasing and trading. To purchase (USDC) USD Coin on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”. In order to discover USD Coin (USDC), you will need to insert the shortname of the coin (USDC) into the search-box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “USDC/BTC” to go on.
Step 4 – Acquisition of USD Coin (USDC) After you've located USD Coin (USDC), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're creating our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date valuation USD Coin (USDC) was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of USDC you wish to buy. The “Total” field is the whole price in BTC that you will pay for the whole quantity of USDC. When you're happy, click on “Buy USDC”. Your plan will be filled when a Vender trades their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you are regularly trading, best advise is not to keep your crypto on an Crypto Exchange for an extensive time period. In order to withdraw your (USDC) USD Coin, go to the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the given drop-down box. Drop in the amount of USD Coin (USDC) you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.