A Step-by-Step-Guide on how to buy USD Coin (USDC) in Kuwait
Step 1 – Join Kraken You will first need to buy units of the major currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting your first Bitcoin or Ethereum.
Step 2 – Send Your Funds to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. 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 Crypto Trader? (Just follow this guide) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate USD Coin (USDC) As soon as your deposit has been verified, you'll directly have access to your funds and you can begin buying and trading. To invest in USD Coin (USDC) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. To spot USD Coin (USDC), you will need to put the cointype (USDC) into the search-box, which is highlighted in the image. Make sure you have selected the right grouping, we've marked this also. Click on “USDC/BTC” to go ahead.
Step 4 – Acquisition of USD Coin (USDC) As soon as you've spotted (USDC) USD Coin, you will be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). For now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff USD Coin (USDC) was traded for. This can be changed to your desired rate. The “Amount” field is the volumen of USDC you want to buy. The “Total” field is the whole price in Bitcoin that you will settle for the whole volumen of USDC. When you are satisfied, click on “Buy USDC”. Your plan will be filled when a Vendor sells their USDC for the price you introduced.
Step 5 – Withdraw USD Coin (USDC) Unless you are trading, best advise is not to keep coins on an Crypto Exchange for an extended period of time. In order to take off your (USDC) USD Coin, hover over the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate USD Coin (USDC) by using the provided drop-down box. Put into the quantity of USD Coin (USDC) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you are happy, click “Submit”. You may be requested for verfication via email/phone before a take off.