How to Buy USD Coin (USDC) in Lebanon

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

Step 1 – Join Kraken

In the beginning you'll need to buy one of the major currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for Altcoins. Click the button below for registration and getting your first Ethereum or Bitcoin.

Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. USD Coin (USDC) is available on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Find (USDC) USD Coin

Once your deposit has been approved, you will now have access to your finances and you can begin buying and trading. To purchase (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

To find (USDC) USD Coin, you will need to put the shortname of the coin (USDC) into the search box, which is marked in the image. Be certain of having choosen the proper grouping, we have marked this also. Click on “USDC/BTC” to progress.

Step 4 – Purchasing USD Coin (USDC)

After you have spotted (USDC) USD Coin, you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). And now we are making our Limit Order.

The “Price” field will be filled automatically with the latest rate (USDC) USD Coin was sold for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of USDC you want to buy. The “Total” field is the whole price in BTC that you will pay for the whole volumen of USDC.

If you're happy, 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 USD Coin (USDC)

Unless you are frequently trading, you should never keepyour coins on an Crypto Exchange for an extensive time frame. In order to take off your (USDC) USD Coin, hover over the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the given drop-down box. Drop in the quantity of (USDC) USD Coin you would like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your precise withdraw address.

When you are satisfied, click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Congratulations! You've successfully bought and stored (USDC) USD Coin in Lebanon.

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal with Etherscan.io or Ethplorer.io and the USD Coin (USDC) is stored in your wallet, you are all done.