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how to buy usdc

While stablecoins like USDC have less price volatility than other cryptocurrencies, stablecoins may be subject to increased scrutiny by regulatory agencies like the U.S. There is a business behind USDC also, so it must function well for the coin to remain pegged to the dollar. The easiest way to buy USDC is through crypto exchange platforms. The number of exchange platforms where it is available include Binance, Kraken, Kucoin, Bitstamo, Coinbase Exchange, and more. You only need to create your account and pay, which is available for direct purchase.

how to buy usdc

The closer the bar is to 100%, the closer USDC is to reaching its ATH again. However, most of the other stablecoins also have similar clauses. USD Coin falls into the first, fiat-collateralized coins category, and is a centralized stablecoin. In general, all the projects within the same category work in a similar fashion and have only minor differences. The more outstanding ones are Tether (USDT), known for refusing to conduct a genuinely transparent audit, and Digix Gold (DGX), whose value is pegged to gold. There’s no minimum tokenization amount, and the process can take up to 2 business days.

Buy USD Coin in Seconds

You can also choose to complete a purchase with Apple Pay or Google Pay. Make free, instant USDC transfers to all your friends, family, or colleagues as long as they have a Nexo account. Borrow funds from 0% APR without selling your how to buy usdc USDC with Nexo’s Instant Crypto Credit Lines. Start your Nexo journey today to receive up to 500 USDC

and earn our best interest rates. Kraken is regulated by the Financial Conduct Authority (FCA) as a Registered Cryptoasset Firm.

how to buy usdc

This stablecoin is pegged to the price of the US dollar and it’s possible to own less than one USDC. For example, 0.54 holdings of USDC, given that the peg remains stable, would be valued at $0.54 cents. Learn the simple steps to get free Algorand Testnet tokens daily, enhancing your development experience on the Algorand network. Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page. USDC (USDC) is in the top 1,000 cryptocurrencies by market cap, valued at $24,553,657,565.

Software Wallet: Coinbase Wallet

When you buy cryptocurrency with fiat money, the process is going to be much faster and – more importantly – simpler than doing so with another cryptocurrency. You don’t need to already own crypto, the buying process is very easy, it usually requires minimal KYC verification. By buying your USD Coin with a credit card, you will receive instant confirmation & lightning fast payouts. Jesse Powell, the founder of the US-based crypto exchange platform Kraken, created it to enable users to buy and sell at lower commissions. It is one of the trusted sources that offer spot trading, margin trading, futures, indices, and more.

  • The value of USDC is designed to remain stable, making USDC a stablecoin.
  • Some of the wallets that support it include Metamask, Ledger Wallet, imToken, Torus, Coinbase, etc.
  • Currently, the UK’s Financial Conduct Authority (FCA) does not restrict the use of USDC or other stablecoins.
  • Circle USDC doesn’t charge users any fees for tokenizing and redeeming services, except there is a $50 commission for incorrect and rejected bank transfers.
  • Despite headwinds in the crypto market amid the TerraUSD stablecoin crash in May, which wiped out $42 billion for UST and LUNA holders, USDC managed to maintain its $1 peg.

USDC was created by Centre Consortium, a joint venture between Coinbase and Circle – aimed at increasing mainstream adoption of fiat stablecoins. USDC operates by minting new coins when a user buys them with the USD from an exchange https://www.tokenexus.com/ like Coinbase. Centre Consortium then puts this cash into its reserve, ensuring that $1 of USDC can be exchanged for $1 at any time. Circle is an official Money Transmitter, which makes the company an open financial book.

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Frankly, the best way to buy USD Coin (USDC) or any other cryptocurrency (altcoin) is to find a reliable and reputable exchange, and then purchase the crypto of your choice. The easiest way to buy USDC is by placing an ‘instant buy’ order to purchase it for a fixed price but not all crypto exchanges offer this feature. The user receives the net amount equivalent to the one in USDC tokens, minus all incurred fees). To purchase USDC, you must first select a crypto exchange platform in which it is listed.