How to Buy USD Coin (USDC) in United Arab Emirates

A Step-by-Step-Guide on how to buy USD Coin (USDC) in United Arab Emirates

Step 1 – Join Kraken

In the beginning you'll need to purchase one of the bigger currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below to register and to get your first ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Transmit Your Funds to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. USD Coin (USDC) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

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

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find (USDC) USD Coin

Once your deposit has been approved, you will directly have access to your funds and you can begin purchasing and trading. To purchase (USDC) USD Coin on Binance, you'll want to hover over the “Exchange” tab and mouse click on “Basic”.

To locate (USDC) USD Coin, you will need to insert the cointype (USDC) into the search box, which is marked in the picture. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “USDC/BTC” to progress.

Step 4 – Buy USD Coin (USDC)

Once you have discovered USD Coin (USDC), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're going to create our Limit Order.

The “Price” field will be filled with the most latest tariff (USDC) USD Coin was traded for. You can change this to your desired price. The “Amount” field is the volumen of USDC you like to purchase. The “Total” field is the whole price in BTC that you'll pay for the whole quantity of USDC.

If you are satisfied, click on “Buy USDC”. Your order will be filled as soon as a Vender sells their USDC for the price you submitted.

Step 5 – Withdraw (USDC) USD Coin

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

Find USD Coin (USDC) by using the given drop-down box. Put into the quantity of (USDC) USD Coin you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your precise withdraw address.

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

Congrats! You've successfully bought and safed USD Coin (USDC) in United Arab Emirates.

That's it!

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