How to Buy USD Coin (USDC) in Senegal

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

Step 1 – Join Kraken

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

Step 2 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. USD Coin (USDC) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).

Step 3 – Find USD Coin (USDC)

Once your deposit has been verified, you will immediately have access to your assets and you can commence invest and trading. To invest in USD Coin (USDC) on Binance, you will want to go to the “Exchange” tab and click on “Basic”.

To locate USD Coin (USDC), you'll need to put the shortname of the coin (USDC) into the search box, which is marked in the picture. Be certain of having choosen the correct grouping, we've highlighted this too. Click on “USDC/BTC” to advance.

Step 4 – Buying USD Coin (USDC)

As soon as you've found (USDC) USD Coin, you'll be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are creating our own Limit Order.

The “Price” field will be filled with the most latest rate (USDC) USD Coin was traded for. This can be changed to your preferred rate. The “Amount” field is the amount of USDC you like to buy. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole volumen of USDC.

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

Step 5 – Withdraw (USDC) USD Coin

Unless you're regularly trading, never keep your crypto on an Crypto Trader for an longer time frame. In order 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, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate USD Coin (USDC) by using the given drop-down box. Drop in the quantity of USD Coin (USDC) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address.

When you're glad, make a mouse click on “Submit”. You may be requested for email/phone verification ahead of a take off.

Kudos! You've successfully purchased and safed USD Coin (USDC) in Senegal.

That's it!

Withdrawals from Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the USD Coin (USDC) is stored within your wallet, you are done.