How to Buy USD Coin (USDC) in Kenya

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

Step 1 – Join CEX.io

In the beginning you'll need to buy units of the bigger currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and to get your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).

Step 3 – Find USD Coin (USDC)

Once your deposit has been approved, you will immediately have access to your assets and you can launch purchasing and trading. To purchase USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

To spot USD Coin (USDC), you will need to insert the cointype (USDC) into the search-box, which is highlighted in the image. Be certain of having selected the proper grouping, we have marked this also. Click on “USDC/BTC” to proceed.

Step 4 – Purchasing USD Coin (USDC)

Once you've located (USDC) USD Coin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest rate USD Coin (USDC) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of USDC you wish to buy. The field with the “Total” tag is the aggregated price in BTC 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 Vender sells their USDC for the price you submitted.

Step 5 – Withdraw (USDC) USD Coin

Unless you're trading, best advise is not to keep coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (USDC) USD Coin, hover over the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the provided drop-down box. Put into the quantity of USD Coin (USDC) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address.

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

Congrats! You have successfully purchased and stored USD Coin (USDC) in Kenya.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (depending on usage of the network). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe inside your wallet, you are all done.