How to Buy USD Coin (USDC) in Saudi Arabia

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

Step 1 – Signup to CEX.io

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

Step 2 – Transfer Your Ethereum or Bitcoin to an Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Crypto 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 example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've selected the correct coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Locate (USDC) USD Coin

As soon as your deposit has been affirmed, you will immediately have access to your funds and you can begin invest and trading. To purchase (USDC) USD Coin on Binance, you will want to hover over the “Exchange” tab and then mouse click on “Basic”.

In order to locate USD Coin (USDC), you will need to insert the short name of the asset (USDC) into the search box, which is highlighted in the image. Make sure you have choosen the proper grouping, we have highlighted this also. Click on “USDC/BTC” to proceed.

Step 4 – Buying USD Coin (USDC)

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

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

If you're happy, make a mouse click on “Buy USDC”. Your order will be filled when a Vender trades their USDC for the price you submitted.

Step 5 – Withdraw USD Coin (USDC)

Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. To take off your USD Coin (USDC), hover over the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the provided drop-down box. Enter the amount of USD Coin (USDC) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address.

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

Kudos! You've successfully bought and stored (USDC) USD Coin in Saudi Arabia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have confirmed your take off using Etherscan.io or Ethplorer.io and the USD Coin (USDC) is safe within your wallet, you're finished.