How to Buy USD Coin (USDC) in Rwanda

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

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click the button below for registration and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

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

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. 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 Cryptocurrency Exchange? (Just follow this manual)

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

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate (USDC) USD Coin

Once your deposit has been approved, you'll now have access to your assets and you can begin buying and trading. To buy USD Coin (USDC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to spot USD Coin (USDC), you will need to insert the shortname of the coin (USDC) into the search box, which is highlighted in the picture. Make sure you have selected the correct grouping, we have marked this too. Click on “USDC/BTC” to go ahead.

Step 4 – Buying (USDC) USD Coin

Once you have spotted (USDC) USD Coin, you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our own Limit Order.

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

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

Step 5 – Withdraw USD Coin (USDC)

Unless you're trading, best advise is not to keep crypto coins on an Crypto Trader for an longer time frame. In order to withdraw your USD Coin (USDC), go to the “Funds” tab and click on “Withdraw”. USD Coin (USDC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

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

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

Congratulations! You've successfully purchased and stored (USDC) USD Coin in Rwanda.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored within your wallet, you're all done.