A Step-by-Step-Guide on how to buy USD Coin (USDC) in South Africa
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to purchase units of the major currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your first 10$.
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an 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 similar. USD Coin (USDC) is available on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are using a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find (USDC) USD Coin Once your deposit has been affirmed, you'll immediately have access to your funds and you can begin buying and trading. To invest in USD Coin (USDC) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. In order to locate (USDC) USD Coin, you'll need to insert the short name of the asset (USDC) into the search-box, which is marked in the picture. Make sure you have choosen the proper pairing, we have marked this too. Click on “USDC/BTC” to advance.
Step 4 – Buy USD Coin (USDC) Once you have discovered (USDC) USD Coin, you'll be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our 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 preferred price. The “Amount” field is the amount of USDC you wish to buy. The “Total” field is the whole price in BTC that you will pay for the whole volumen of USDC. When you are happy, click on “Buy USDC”. Your plan will be filled when a Seller sells their USDC for the price you gave.
Step 5 – Withdraw USD Coin (USDC) Unless you are regularly trading, you should never keepyour coins on an Crypto Exchange for an extensive period of time. To take off your USD Coin (USDC), hover over the tab called “Funds” and mouse click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate (USDC) USD Coin by using the provided drop-down box. Put into the amount of USD Coin (USDC) you would like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your right withdraw address. If you are happy, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.