How to Buy USD Coin (USDC) in Malawi

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

Step 1 – Signup to CEX.io

You'll first need to buy one of the bigger coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and receive your first ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. USD Coin (USDC) is obtainable on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide)

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

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our how-to).

Step 3 – Locate (USDC) USD Coin

As soon as your deposit has been approved, you'll now have access to your finances and you can launch invest and trading. To buy USD Coin (USDC) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to locate USD Coin (USDC), you will need to insert the cointype (USDC) into the search-box, which is highlighted in the picture. Be certain of having selected the correct grouping, we've marked this too. Click on “USDC/BTC” to proceed.

Step 4 – Purchase USD Coin (USDC)

After you've discovered (USDC) USD Coin, you'll be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). Next we are going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the recent tariff (USDC) USD Coin was sold 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 total price in Bitcoin that you will settle for the complete quantity of USDC.

When you're satisfied, click on “Buy USDC”. Your order will be filled as soon as a Vender trades their USDC for the price you gave.

Step 5 – Withdraw USD Coin (USDC)

Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an extended period of time. To withdraw your (USDC) USD Coin, hover over the tab called “Funds” and click on “Withdraw”. (USDC) USD Coin can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the given drop-down box. Put into the quantity of USD Coin (USDC) you would like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

If you're satisfied, click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Congrats! You have successfully bought and safed (USDC) USD Coin in Malawi.

That's it!

Withdrawals from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored within your wallet, you are all done.