A Step-by-Step-Guide on how to buy USD Coin (USDC) in Oman
Step 1 – Signup to Kraken In the beginning you'll need to purchase units of the major coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your welcome BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. USD Coin (USDC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have selected the precise 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 using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate (USDC) USD Coin Once your deposit has been approved, you'll now have access to your assets and you can initiate purchasing and trading. To purchase USD Coin (USDC) on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”. To spot USD Coin (USDC), you'll 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 right pairing, we have highlighted this too. Click on “USDC/BTC” to go ahead.
Step 4 – Acquisition of USD Coin (USDC) As soon as you have spotted USD Coin (USDC), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). And now we're going to create our Limit Order. The “Price” field will be filled automatically with the most up-to-date valuation (USDC) USD Coin was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of USDC you wish to buy. The “Total” field is the total price in BTC that you will settle for the whole quantity of USDC. If you're happy, make a mouse click on “Buy USDC”. Your plan will be filled as soon as a Seller trades their USDC for the price you gave.
Step 5 – Withdraw USD Coin (USDC) Unless you're trading, best advise is not to keep crypto on an Crypto Trader for an extended time frame. In order to withdraw your USD Coin (USDC), hover over the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the provided drop-down box. Put into the volumen of (USDC) USD Coin you would wish to take off. Take into account the displayed fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.