The whole process can take as little as 15 minutes and all you’ll need is a smartphone or computer, an internet connection, photo identification and a means of payment. Just because USDC might be perceived as a safer, more credible port to ride out the stablecoin storm than other coins, current economic conditions should be considered. And, of course, you can also use your USDC in the traditional sense to buy other cryptocurrencies. You can earn appreciable interest on your USDC, substantially higher than the typical online savings account. USDC holders can use Bitcompare to find the most attractive yields currently on offer.
- So, if you choose to buy USD Coin with a debit or credit card, keep in mind that you can now spend it with a lot of online stores and vendors.
- Instantly Deposit USDT via SEPA with no fees and make a spot trade to purchase USD Coin.
- Increasing some transparency, accounting firm Grant Thornton audits those accounts and posts monthly draft attestation reports accessible to the public.
- While we are independent, we may receive compensation from our partners for featured placement of their products or services.
- There is still some hope that cryptos will come back later this year, however.
It’s much easier to transfer to decentralized finance protocols, as it’s tokenized on the same blockchain as Ethereum. Ledger is a trusted hardware wallet brand among many cryptocurrency investors. The company has been selling cryptocurrency wallets since 2014, and their wallets have never been hacked.
How to Buy USD Coin (USDC)
While USDC’s backing has kept its value stable to date, it’s still a cryptocurrency and risks losing value. Be sure to only fund your account with money that you won’t need for monthly expenses or emergencies. MEXC provides multiple payment services, including Simplex, Banxa, Mercuryo etc. For most cryptocurrency traders, it makes sense to use USDC instead of USD.
To earn instant crypto rewards, make sure the ratio of NEXO Tokens in your account against the rest of your portfolio is at least 1%. The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get. By making a successful purchase of crypto, your card details are automatically saved so you can select that card for future transactions. USDC is a highly volatile asset capable of major price swings in a single day. Today USDC is trading for $1.00, which is slightly down from yesterday’s trading price of $1.00. USD Coin holders can also earn additional passive income through specialty online savings accounts designed exclusively for stablecoins.
USDC in the Digital Economy
It’s only logical, since cryptocurrencies are completely digital, it does not take up any space in your offline wallet. Before choosing the best, take a look at the top-rated hardware wallets of 2023. Stablecoins are a critical part of the decentralized finance ecosystem. USD Coin (USDC) is a stablecoin pegged to the value of 1 U.S. dollar, so it makes it easy to sell your crypto assets for virtual fiat currency.
After you register on MEXC and successfully purchase first USDT or USDC tokens, you can start trading derivatives such as USD Coin futures to gain higher income. You can easily buy USD Coin (USDC) with the lowest fees and highest security levels how to buy usdc anywhere MEXC is available. Learn how to buy USD Coin (USDC) with the MEXC Exchange and MEXC App now. To get an idea of where the cryptocurrency market is headed, watch the price movements of major cryptos like Bitcoin and Ethereum.
Purchase USDC with Bank Transfer
In a nutshell, USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. The execution of issuing and redeeming USDC tokens is ensured with ERC-20 smart contract. USD Coin is managed by Centre, a consortium co-founded by the cryptocurrency exchange Coinbase (COIN), and Circle, a financial technology company.
- Ledger is a trusted hardware wallet brand among many cryptocurrency investors.
- The most critical aspects you must consider are low fees, mode of payment, customer support, etc.
- You also can use USDC on exchanges to easily convert to other cryptocurrencies without needing to access funds from your bank account.
- You can choose Binance, Kraken, Coinbase Exchange, or other platforms.
- It’s only logical, since cryptocurrencies are completely digital, it does not take up any space in your offline wallet.
- A tip to keep in mind on how to buy USD Coin – always double-check your info.
You can choose Binance, Kraken, Coinbase Exchange, or other platforms. However, it is essential to remember that you must thoroughly review the exchange platform before selecting one. That’s how much the hardware wallet market value is expected to grow comparing the years of 2019 and 2025.
USD Coin (USDC) is a relatively fresh stablecoin pegged to the US dollar. It was launched on September 26, 2018, in collaboration between Circle and Coinbase. USDC is an alternative to other USD backed cryptocurrencies like https://www.tokenexus.com/ Tether (USDT) or TrueUSD (TUSD). The accounting firm Deloitte oversees these segregated accounts and provides monthly attestation reports. You can also buy it as a trading pair of Tether (USDT) and Wrapped Ethereum (WETH).
- In MEXC Learn, you will find step-by-step guides on how to successfully execute futures trades.
- Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.
- An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading USDC.
- We may also receive compensation if you click on certain links posted on our site.
- This information can be found by clicking on the exchange name in the table which will take you to its review page.
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