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 Coinbase and recieve 10$ for free

You'll first need to purchase one of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive your first $10.

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

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

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

Step 3 – Locate USD Coin (USDC)

As soon as your deposit has been confirmed, you will now have access to your finances and you can initiate buying and trading. To buy (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and mouse click on “Basic”.

To locate USD Coin (USDC), you'll need to put the cointype (USDC) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we have marked this also. Click on “USDC/BTC” to proceed.

Step 4 – Purchasing USD Coin (USDC)

As soon as you have discovered USD Coin (USDC), you will be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the picture). For now we are making our own Limit Order.

The “Price” field will be filled with the most up-to-date valuation (USDC) USD Coin was sold for. You can change this to your favoured rate. The “Amount” field is the volumen of USDC you wish to buy. The “Total” field is the whole price in BTC that you will settle for the whole quantity of USDC.

When you are satisfied, make a mouse click on “Buy USDC”. Your order will be filled as soon as a Seller trades their USDC for the price you introduced.

Step 5 – Withdraw (USDC) USD Coin

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

Locate USD Coin (USDC) by using the given drop-down box. Drop in the volumen of (USDC) USD Coin you'd like to withdraw. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address.

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

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

That's it!

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