How to Buy USD Coin (USDC) in Pakistan

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

Step 1 – Join Kraken

You'll first need to purchase one of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below to register and receive your welcome Bitcoin or Ethereum.

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

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. USD Coin (USDC) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide)

Make sure you have selected the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etcetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our manual).

Step 3 – Locate (USDC) USD Coin

As soon as your deposit has been approved, you'll now have access to your assets and you can launch purchasing and trading. To buy USD Coin (USDC) on Binance, you'll want to hover over the “Exchange” tab and then 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 highlighted in the image. Make sure you have selected the correct pairing, we have marked this also. Click on “USDC/BTC” to progress.

Step 4 – Buy USD Coin (USDC)

Once you have discovered USD Coin (USDC), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we are creating our Limit Order.

The “Price” field will be automatically filled with the up-to-date valuation (USDC) USD Coin was sold for. This can be changed to your favoured rate. The “Amount” field is the amount of USDC you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete volumen of USDC.

When you're satisfied, click on “Buy USDC”. Your plan will be filled when a Vendor trades their USDC for the price you gave.

Step 5 – Withdraw USD Coin (USDC)

Unless you are trading, never keep your coins on an Crypto Trader for an extended time frame. To take off your (USDC) USD Coin, go to the “Funds” tab and mouse click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find USD Coin (USDC) by using the given drop-down box. Enter the amount of (USDC) USD Coin you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

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

Congrats! You've successfully purchased and stored (USDC) USD Coin in Pakistan.

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on usage of the network). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe inside your wallet, you're finished.