USDC, an Ethereum-powered US dollar stablecoin, is the product of CENTRE, an open-sourced project funded by Circle and Coinbase. These cryptocurrencies are mostly issued by authorized and licensed financial firms that have full reserves of corresponding fiat money in a 1 USDC:1 USD ratio. That is, ideally, one USDC ought to always be worth one dollar. Let’s understand how do we stake USD Coin in four easy steps.
How to buy USD Coin in four easy steps?
Step 1: Choose a cryptocurrency exchange
Step 2: Make an account
Step 3: Buy USD Coins
Step 4: Store your crypto coins
Step 1: Choose a cryptocurrency exchange
A cryptocurrency exchange is a platform where you can purchase and sell cryptocurrencies. The very first step is to choose the best cryptocurrency exchange. You must evaluate cryptocurrency exchanges based on the cryptocurrencies mentioned, fiat currencies accepted, fees, and other features, and choose the one that best meets your needs.
Step 2: Make an account
Now that you’ve decided which cryptocurrency exchange is best for you, you can sign up and create an account there. For this, you will need to verify your email address and submit a valid photo ID.
Step 3: Buy USD Coins
Once you have established your account, you are free to purchase USDC in any quantity you like. Enter the quantity of USDC you wish to purchase, pick the order type (market, limit, etc.) and complete the transaction.
Step 4: Store your crypto coins
After purchasing USDC, you may store your coins in a variety of crypto wallets. You may choose between hardware wallets, paper wallets, and software wallets. You may also store your USDC by downloading crypto wallets software like Exodus or Vibes straight to your computer or mobile device.
Also read: USDT Pricing Prediction
Popular video guides on buying USD Coins (USDC)
Where to buy USD Coin (USDC)?
Also read: USDC Prices Live
1. Kraken
With over a decade of expertise, Kraken has established itself as a crypto industry cornerstone. While they have expanded to include over 217 cryptocurrencies, they continue to be one of the finest sites to trade USDC. It has a 24-hour support crew, providing desktop and mobile platforms for trading USDC.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2011 |
| Deposit Methods | Visa and Mastercard debit/credit card, Digital wallet purchases, ACH online banking |
| Deposit Fees | None |
| Cryptos Listed | Bitcoin, Ethereum, Cardano, Dogecoin, Litecoin, Polkadot, Polygon, Ripple |
| Trading Fees | up to 0.25% per trade |
| Fiat Currencies Supported | USD, EUR, CAD |
| Trustworthiness | Safe |
2. Coinswitch
CoinSwitch is probably the best platform to buy USD Coin. It has certain amazing characteristics that set it apart from other platforms in the field of USD coin trading. Here, you can process your coins quickly, and the on-screen instructions are really simple and clear. You can also easily access secure wallets here to store the USD coins. The best part is that you don’t need to pay any deposit fees before buying the USD coins, making it one of the most in-demand exchanges all across the globe.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | June 2017 |
| Deposit Methods | IMPS, Neft, RTGS |
| Deposit Fees | Free |
| Cryptos Listed | 170 |
| Trading Fees | 0 - 0.5% |
| Fiat Currencies Supported | INR |
| Trustworthiness | Safe |
3. KuCoin
Another outstanding platform to buy USD coins is WazirX. It has one of the lowest trading and deposit fees and has a really simple UI, making it an ideal platform for beginners. After creating your account and funding it, you can easily buy USD coins in just a few clicks.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | March 2018 |
| Deposit Methods | IMPS, Neft, RTGS, UPI |
| Deposit Fees | Free |
| Cryptos Listed | IMPS, Neft, RTGS, UPI |
| Trading Fees | 0.2% |
| Fiat Currencies Supported | USDT |
| Trustworthiness | Safe |
FAQs
Where can you buy USD Coin with a credit or debit card?
You can buy USD coin from cryptocurrency exchanges like Binance or Coinswitch using your debit or credit card.
What will you need to buy USD Coin?
To buy USD Coin, you need to create an account on any cryptocurrency exchange of your choice and then invest the amount according to your budget.
What is the easiest way to buy USD Coin?
The easiest way to buy USD coin is to create an account on Binance or CoinSwitch and then store the purchased USD coin in your wallet.
Best wallets to store your USD Coin (USDC)
The best wallets to store USDC are MetaMask, Coinomi, Ledger Nano S, Atomic Wallet, and Zengo.
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