A Step-by-Step-Guide on how to buy USD Coin (USDC) in Nigeria
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to buy one of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below for registration and to get your welcome $10.
Step 2 – Send Your Bitcoin or Ethereum to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this guide) Make sure you have chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).
Step 3 – Find (USDC) USD Coin As soon as your deposit has been verified, you will instantly have access to your funds and you can commence buying and trading. To invest in USD Coin (USDC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. To spot (USDC) USD Coin, you'll need to insert the cointype (USDC) into the search-box, which is marked in the picture. Be certain of having choosen the right pairing, we have marked this too. Click on “USDC/BTC” to go on.
Step 4 – Acquisition of (USDC) USD Coin Once you have located (USDC) USD Coin, you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we are going to create our Limit Order. The “Price” field will be filled automatically with the most latest rate (USDC) USD Coin was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of USDC you wish to purchase. The “Total” field is the aggregated price in BTC that you'll pay for the complete amount of USDC. When you are glad, click on “Buy USDC”. Your plan will be filled as soon as a Vendor trades their USDC for the price you submitted.
Step 5 – Withdraw (USDC) USD Coin Unless you're trading, never keep your crypto coins on an Crypto Trader for an longer period of time. In order to withdraw your (USDC) USD Coin, hover over the “Funds” tab and mouse click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the given drop-down box. Drop in the quantity of (USDC) USD Coin you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. When you are happy, make a mouse click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.