How To Buy USDC Buy USDC In 4 Easy Steps

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how to buy usdc

USDC holders can use Bitcompare to find the most attractive yields currently on offer. Increasing some transparency, accounting firm Grant Thornton audits those accounts and posts monthly draft attestation reports accessible to the public. That recent move now means either one dollar or asset-equivalent backs every USDC. Similar to concerns made about Tether, USDC was flagged last year for not backing each USDC with an asset or dollar equivalent.

how to buy usdc

USDC can be transferred 24/7 and is faster to send than traditional currencies, with settlements occurring in seconds. Transaction costs are low cost, making it cost- and time-efficient to use. You can even view monthly reports of these reserve balances, including how much USDC is in circulation and its equivalent value in U.S. dollars.

Buy/Sell/Trade USDC

Users should also be aware of the regulatory landscape surrounding digital currencies and stablecoins. Crypto experts also say that government regulations against these digital assets could have a crippling effect on the future of these assets. USD Coin (USDC) is a stablecoin designed to keep a constant one-to-one value with the U.S. dollar.

  • USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar.
  • It is one of the trusted sources that offer spot trading, margin trading, futures, indices, and more.
  • This website is using a security service to protect itself from online attacks.
  • The currency is now widely supported on other exchanges such as Binance (paired with BTC, BNB) and Poloniex (paired with BTC, ETH, XRP, BHC, STR, LTC, ZEC, XMR, DOGE).
  • If you are unsure you should get independent advice before you apply for any product or commit to any plan.

Read on to learn everything you need to know about USDC and how to buy USD coin (USDC). If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can buy USDC. You can also buy it as a trading pair of Tether (USDT) and Wrapped Ethereum (WETH).

Buy USD Coin today

Stablecoins can be found in the most popular cryptocurrency pairs, making them the widely adopted medium of exchange in the world of digital assets. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site.

how to buy usdc

You can earn yields ranging from 10 to 14 percent per annum by lending your USDC via various decentralized finance (or DeFi) applications without facing price volatility. You can also use them for lending, borrowing, or as deposits for derivatives trading. You can store your USD coins in a software wallet, like Coinbase or CoinStats. Coinbase has a dedicated wallet application that’s great for storing your cryptocurrency.

Is USD Coin a Good Investment?

Here’s how you can buy USDC on CoinStats on web and mobile in a few simple steps. USDC (USDC) is in the top 1,000 cryptocurrencies by market cap, valued at $28,932,251,201. But crypto traders shouldn’t think of USDC as an investment, although it’s a coin with some advantages. Experts say stablecoins often receive the highest returns because they maintain their expected value. You can make passive income with USDC by lending it to other crypto investors. A few lending programs will pay you interest for lending your USDC.

  • The lowest trading price that USDC has fallen to within the last 52 weeks is $0.995, a slight dip below its dollar peg.
  • Purchasing USD Coin won’t generate any returns for investors, as it is intended to be a stablecoin.
  • You can top up USD, EUR, or GBP from your local bank via a secure bank transfer.
  • It allows you to spend on everyday purchases while using your crypto as security for repayment, instead of selling it.
  • The $43 billion dollar plus market cap has seen to it that USD Coin has remained a top five crypto for some time now.

You should consider whether you fully understand them and whether you can afford to take the high risk of losing your money. The content of Coin Insider does not constitute any type of investment advice. You can also choose to complete https://www.tokenexus.com/usdc/ a purchase with Apple Pay or Google Pay. Borrow funds from 0% APR without selling your USDC with Nexo’s Instant Crypto Credit Lines. You can store your USDC on any Ethereum wallet,  like CoinStats Wallet or Coinbase wallet.