How to Buy USD Coin (USDC) in Guinea

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

Step 1 – Signup to Kraken

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

Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. USD Coin (USDC) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to)

Make sure you have chosen the correct coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Find USD Coin (USDC)

Once your deposit has been affirmed, you'll directly have access to your finances and you can commence purchasing and trading. To buy USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot (USDC) USD Coin, you will need to insert the shortname of the coin (USDC) into the search-box, which is marked in the graphic. Make sure you have choosen the correct pairing, we have marked this too. Click on “USDC/BTC” to advance.

Step 4 – Acquisition of (USDC) USD Coin

As soon as you have found USD Coin (USDC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're going to make our Limit Order.

The “Price” field will be automatically filled with the recent price (USDC) USD Coin was traded for. You can change this to your desired rate. The “Amount” field is the volumen of USDC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the complete quantity of USDC.

If you're satisfied, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Seller sells their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you are trading, never keep your crypto on an Crypto Exchange for an longer time frame. In order to take off your (USDC) USD Coin, hover over the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the provided drop-down box. Enter the volumen of USD Coin (USDC) you would like to take off. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

If you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully bought and stored (USDC) USD Coin in Guinea.

That's it!

Take offs from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe within your wallet, you're all done.