How to Buy USD Coin (USDC) in Nigeria

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

Step 1 – Join Kraken

You will first need to purchase one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click below to register and getting your first BTC (Bitcoin) or ETH (Ethereum).

Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. USD Coin (USDC) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

Step 3 – Find (USDC) USD Coin

Once your deposit has been confirmed, you'll now have access to your funds and you can initiate purchasing and trading. To invest in USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and click on “Basic”.

In order to locate (USDC) USD Coin, you'll need to insert the cointype (USDC) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct pairing, we've marked this too. Click on “USDC/BTC” to go on.

Step 4 – Purchase USD Coin (USDC)

Once you've discovered USD Coin (USDC), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are going to make our Limit Order.

The field with the “Price” tag will be filled automatically with the recent valuation USD Coin (USDC) was traded for. You can change this to your desired price. The “Amount” field is the quantity of USDC you want to buy. The “Total” field is the aggregated price in Bitcoin that you will settle for the complete quantity of USDC.

If you're satisfied, click on “Buy USDC”. Your order will be filled as soon as a Seller sells their USDC for the price you offered.

Step 5 – Withdraw USD Coin (USDC)

Unless you're frequently trading, you should never keepyour coins on an Crypto Exchange for an longer 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 stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the provided drop-down box. Drop in the quantity of (USDC) USD Coin you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address.

If you're satisfied, click on “Submit”. You could be requested for verfication via email/phone before a take off.

Congratulations! You've successfully purchased and safed (USDC) USD Coin in Nigeria.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal with Ethplorer.io or Etherscan.io and the USD Coin (USDC) is safe within your wallet, you are finished.