How to buy USDC Buy USDC in 4 steps

3 mayo, 2022

how to buy usdc

A little research can help you feel comfortable with the exchange you choose. The flip side of the investment narrative is that having a digital asset pegged to a fiat currency like the U.S. dollar doesn’t make a great investment for appreciation. Stablecoins like USDC are used differently than cryptos like Bitcoin (BTC) or Ethereum (ETH), which fluctuate in price. The sole purpose of this crypto is to provide a stable store of value, rather than provide an asset that, theoretically, appreciates in value over time.

The Ledger Nano S is a multicurrency wallet so that you can store all your cryptocurrencies in one place. Circle started in 2013 as a way to send money easily and quickly. Since then, it has expanded into cryptocurrency—raising millions in venture capital and acquiring the crypto exchange Poloniex. It’s available as Ethereum ERC-20, Algorand ASA, and Solana SPL tokens that can be purchased using U.S.

What is the Maximum Token Supply of USD Coin?

We may also receive payment if you click on certain links posted on our site. An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading USDC. 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

Make free, instant USDC transfers to all your friends, family, or colleagues as long as they have a Nexo account. Spend the value of your USD Coin without selling it, all while getting up to 2% back in crypto rewards. Every USDC unit is backed up by  US$1 held in reserve, in a mix of cash and short-term U.S. Since then, its capitalization has risen from $200 million to above $25 billion. Coinbase complies with Anti-Money Laundering and KYC regulations. In line with the regulations, Coinbase users must verify their identities by submitting a government-issued passport, driver’s license, or national identity card.

Get Excellent Prices

The USDC stablecoin is the second largest stablecoin ecosystem, behind only USD Tether (USDT), and just above Binance USD (BUSD). USDC is a stablecoin cryptocurrency designed to maintain a constant value of $1 USD. After tapping buy, you’ll have the option to choose whether you want to place a one-time purchase or a recurring buy.

  • You should consider whether you fully understand them and whether you can afford to take the high risk of losing your money.
  • The stablecoin market is one of the most interesting ecosystems in the cryptocurrency space, and stablecoins have become a trendy asset class.
  • The USDC stablecoin is the second largest stablecoin ecosystem, behind only USD Tether (USDT), and just above Binance USD (BUSD).
  • 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.
  • The exchange is user-friendly, has professional customer support, and is one of the most secure cryptocurrency exchange platforms.

If you select a recurring buy you’ll have the option to choose between daily, weekly, twice monthly, or monthly purchases. Purchasing USD Coin won’t generate any returns for investors, as it is intended to be a stablecoin. So the advantage of this crypto is more about its usage, as there isn’t an expected price appreciation with this coin. As of May 2022, Circle announced that the company would provide weekly attestation reports. They help build trust in USDC, as they disclose the precise amount of actual funds backing the stablecoin.

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