How to Buy USD Coin (USDC) in Qatar

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

Step 1 – Signup to Kraken

You will first need to buy one of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click the button below for registration and receive your welcome Ethereum or Bitcoin.

Step 2 – Transmit Your Ethereum or Bitcoin to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. 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 Crypto Exchange? (Just follow this guide)

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

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Locate (USDC) USD Coin

As soon as your deposit has been approved, you will directly have access to your assets and you can begin purchasing and trading. To buy USD Coin (USDC) on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To spot USD Coin (USDC), you'll need to insert the short name of the asset (USDC) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right grouping, we've highlighted this also. Click on “USDC/BTC” to go on.

Step 4 – Buy USD Coin (USDC)

After you've located USD Coin (USDC), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). For now we are going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent valuation (USDC) USD Coin was sold for. You can change this to your preferred rate. The “Amount” field is the quantity of USDC you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the complete volumen of USDC.

When you're satisfied, click on “Buy USDC”. Your order will be filled as soon as a Vender trades their USDC for the price you gave.

Step 5 – Withdraw (USDC) USD Coin

Unless you're regularly trading, best advise is not to keep your coins on an Exchange for an extensive period of time. In order to withdraw your (USDC) USD Coin, hover over the tab called “Funds” and click on “Withdraw”. USD Coin (USDC) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the provided drop-down box. Drop in the quantity of (USDC) USD Coin you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you are satisfied, make a mouse click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.

Congrats! You have successfully bought and stored (USDC) USD Coin in Qatar.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (USDC) USD Coin is safe inside your wallet, you are finished.