USDC, or USD coin, is a stablecoin established in 2018. It is pegged to the US dollar on a 1:1 basis, and regulated financial institutions issue it. This stablecoin was created to ensure the presence of a feasible digital coin for the digital era. As a result, this digital asset has several use cases.
Users who want to buy USDC can follow this guide on how to buy USDC to ensure an error-free token purchase.
How To Buy Usdc In 4 Easy Steps?
Step 1: Choose a Crypto Exchange Platform
To purchase USDC, you must first select a crypto exchange platform in which it is listed. 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.
The most critical aspects you must consider are low fees, mode of payment, customer support, etc. Additionally, ensure that it offers a user-friendly interface.
Step 2: Register on Your Chosen Platform.
After selecting your preferred exchange platform, you must register your account. For this purpose, you must provide essential credentials such as username, address, contact number, email address, etc.
The platform will also ask for a valid ID, such as a PAN or driver’s license, to verify your details. Once the verification or KYC is over, your account will be ready for use within a few hours.
Step 3: Buy the Cryptocurrency Using Your Feasible Payment Method
After setting up your account, you can easily make a purchase. The platform will require you to deposit funds to purchase the tokens. For example, USDC is available for direct purchase, so you can buy it using fiat currencies such as USD or EUR.
You can also buy it as a trading pair of Tether (USDT) and Wrapped Ethereum (WETH). All you have to do is choose the spot trading section and locate the trading pair.
Step 4: Store the Cryptocurrency in a Wallet
Once you have bought the number of USDC tokens, storing the cryptocurrency in a wallet is essential. For this purpose, you need to seek wallets that support USDC. Some of the wallets that support it include Metamask, Ledger Wallet, imToken, Torus, Coinbase, etc. You can choose any you prefer, which is more secure.
Also read: How to buy Beldex
Popular video guides on buying USDC (USDC)
Also read: USDC Prices Live
Where To Buy USDC (USDC)
The founders of Binance, Changpeng Zhao and Yi He, led it towards becoming the biggest crypto exchange platform in the world. It has the most significant trading volume of $76 billion and has over 90 million users globally. The platform has become a trustworthy exchange platform and provides access to over 350 digital tokens.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2017 |
| Deposit Methods | Bank Deposit, Cash Balance, Credit/Debit Card, P2P Trading |
| Deposit Fees | None |
| Cryptos Listed | 350+ |
| Trading Fees | 0.10% |
| Fiat Currencies Supported | USD, AUD, EUR, HKD, KZT, NOK, PEN, RUB, TRY, UAH, UGX. |
| Trustworthiness | Safe and Reliable |
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. Over 8 million traders and clients are using it to effortlessly buy and sell crypto.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2011 |
| Deposit Methods | Visa and MasterCard debit/credit, ACH Online, Digital Wallet |
| Deposit Fees | Free |
| Cryptos Listed | 120+ crypto assets |
| Trading Fees | 0.16% maker fee or a 0% - 0.26% taker fees |
| Fiat Currencies Supported | USD, EUR, CAD, JPY, CHF, GBP, and AUD |
| Trustworthiness | Safe and reliable |
Kucoin came into existence in 2017, and the platform's purpose is to ensure the unrestricted flow of digital value. With features such as a high level of security and simple process, kg has garnered user's trust. Users can also avail of P2P exchange, futures trading, instant exchange services, and more on this platform.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2017 |
| Deposit Methods | P2P Trading, Debit/Credit Card, Third Party Payment, Bank Transfer |
| Deposit Fees | No fees |
| Cryptos Listed | 700+ |
| Trading Fees | 0.005%-0.1% depending on your tier level |
| Fiat Currencies Supported | 28 currencies |
| Trustworthiness | Safe and reliable |
Frequently Asked Questions
Where Can You Buy USDC with a Credit or Debit Card?
As USDC coins are available for direct purchase, you can buy them from any crypto exchange platform with a debit or credit card. The number of options available includes Binance, Kraken, Kucoin, etc. You need to check the deposit method of these exchanges, and if they allow you to use debit or credit cards, you can make the purchase.
What Will You Need to Buy USDC?
First, you need to set up an account on your choice of crypto exchange platform, listing USDC. You will require a valid ID for the KYC verification to do so. Next, you will need a feasible mode of payment, such as a debit/credit card or other crypto token, such as USDT or WETH. You can purchase the USDC token using fiat currency such as USD or EUR using a debit or credit card. Finally, you must select a suitable crypto wallet that supports the token to store it safely.
What Is the Easiest Way to Buy 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.
Best Wallets to Store Your USDC
Several wallets support USDC. However, it would help to choose only those offering the safest storage for your tokens and have a friendly user interface. Some popular choices include Metamask, Ledger, TrustWallet, imToken, Atomic Wallet, Bit2Me, etc.
