How to Buy USD Coin (USDC) in Tanzania

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

Step 1 – Signup to Kraken

In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below to register and receive your first Ethereum (ETH) or Bitcoin (BTC).

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader 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 sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual)

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

BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find USD Coin (USDC)

As soon as your deposit has been verified, you will immediately have access to your funds and you can commence purchasing and trading. To purchase (USDC) USD Coin on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

In order to locate (USDC) USD Coin, you will need to insert the shortname of the coin (USDC) into the search-box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this also. Click on “USDC/BTC” to advance.

Step 4 – Acquisition of USD Coin (USDC)

As soon as you have located (USDC) USD Coin, you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to create our own Limit Order.

The “Price” field will be filled automatically with the recent tariff (USDC) USD Coin was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of USDC you want to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole volumen of USDC.

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

Step 5 – Withdraw (USDC) USD Coin

Unless you're frequently trading, best advise is not to keep coins on an Crypto Trader for an longer time frame. To take off your USD Coin (USDC), go to the tab called “Funds” and mouse click on “Withdraw”. USD Coin (USDC) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find (USDC) USD Coin by using the given drop-down box. Put into the volumen of (USDC) USD Coin you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Kudos! You've successfully purchased and stored (USDC) USD Coin in Tanzania.

That's it!

Withdrawals from Crypto Trader can durate anywhere from 1 – 30 minutes (rely on usage of the network). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (USDC) USD Coin is stored in your wallet, you are done.