A Step-by-Step-Guide on how to buy USD Coin (USDC) in Uganda
Step 1 – Join CEX.io You'll first need to buy one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below to register and to get your first BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. USD Coin (USDC) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this how-to) Make sure you've selected the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our manual).
Step 3 – Find USD Coin (USDC) Once your deposit has been affirmed, you will instantly have access to your finances and you can begin buying and trading. To buy (USDC) USD Coin on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. To locate USD Coin (USDC), 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 pairing, we have marked this also. Click on “USDC/BTC” to advance.
Step 4 – Acquisition of (USDC) USD Coin Once you have spotted USD Coin (USDC), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are creating our own Limit Order. The “Price” field will be automatically filled with the recent valuation USD Coin (USDC) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of USDC you like to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the whole volumen of USDC. When you are glad, click on “Buy USDC”. Your order will be filled when a Seller trades their USDC for the price you offered.
Step 5 – Withdraw USD Coin (USDC) Unless you are frequently trading, never keep your crypto on an Cryptocurrency Exchange for an extensive period of time. In order to take off your USD Coin (USDC), hover over the “Funds” tab and click on “Withdraw”. (USDC) USD Coin can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find USD Coin (USDC) by using the provided drop-down box. Enter the quantity of USD Coin (USDC) you would like to withdraw. Take into account the displayed fees/minimums. Also make sure you have filled your correct withdraw address. If you're satisfied, click “Submit”. You could be asked for verfication via phone/email ahead of a withdrawal.