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If you’re keeping score, currently, there are roughly 19 million Bitcoins in the marketplace. Crypto believers say this scarcity will enable the coin’s value to continue rising over time. Launched in 2018 by Centre, a consortium founded by Circle and Coinbase, USD Coin was created as a regulated stablecoin that runs on blockchain technology. USD Coin is the currently the second-largest stablecoin, with a current market capitalization of $73 billion. USD Coin and Tether (USDT) together account for 80% of the capitalization of the global stablecoin market. As its name suggests, USD Coin (USDC) is a cryptocurrency whose value is tied to the U.S. dollar.
How do I set up recurring buys?
- There are more than 19,000 cryptocurrency projects out there, but USDC is one of the biggest.
- Circle Technology Services, LLC (“CTS”) is a software provider and does not provide regulated financial or advisory services.
- “It also enables the transfer of capital across different geographical jurisdictions much faster, especially compared to traditional wire transfers,” Manoppo says.
- 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.
- Prior to Deloitte, Grant Thornton LLP served as Circle’s independent auditor from 2015.
- Double-check and confirm the details before you click the submit button.
- Only you can make the decision about when is the best time to buy USDC.
You will see a chart, the asset’s brief description, and other metrics like its market cap, transaction volume over 24 hours, total supply, etc. US Dollar Coin (USDC) is a stablecoin – a cryptocurrency token pegged to the value of a real-world asset, the U.S. For most cryptocurrency traders, it makes sense to use USDC instead of USD.
How to get up to 0.5% in crypto rewards on your USDC purchases?
One of the significant advantages of USDC is that, unlike regular U.S. dollars, it does not require a bank account and isn’t limited to a particular geography. Coinbase is not the only exchange where users can buy and trade USDC. The currency is now widely supported on other exchanges such as Binance (paired with BTC, BNB) and Poloniex (paired with BTC, ETH, XRP, BHC, STR, LTC, ZEC, XMR, DOGE).
Where Can I Trade USDC?
You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Stablecoins are a critical part of the decentralized finance ecosystem.
Why Nexo Is the Right Place to Buy USD Coin
Senders and receivers typically need bank accounts and specific apps or platforms to transact. We update our data regularly, but information can change between updates. Confirm details with the provider you’re interested in before making a decision. Experts say stablecoins often receive the highest returns because they maintain their expected value. Trading bots are automated software programs designed to assist traders manage their crypto trades. These bots offer various advantages that can enhance trading strategies and potentially increase portfolio growth.
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that’s right for you. The stablecoin market is one of the most interesting ecosystems in the cryptocurrency space, and stablecoins have become a trendy asset class. They are backed by fiat currencies, and most prominently, the dollar. Their stable value has made stablecoins attractive to investors. You also can use USDC on exchanges to easily convert to other cryptocurrencies without needing to access funds from your bank account.
- Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions.
- After creating and verifying your account, you must fund your account to buy USDC on Coinbase.
- Finder, or the author, may have holdings in the cryptocurrencies discussed.
- Stablecoins like USDC are used differently than cryptos like Bitcoin (BTC) or Ethereum (ETH), which fluctuate in price.
The rewards you get depend on your Loyalty tier – the higher your Loyalty tier is, the more rewards you’ll get. Spend the value of your USD Coin without selling it, all while getting how to buy usdc up to 2% crypto cashback. Investing in USDC would be like stashing U.S. dollars under your mattress, and your investment would never be worth more than the equivalent cash.
Get Excellent Prices
Powered by Ethereum USD Coin is an Ethereum token and has expanded to the Algorand and Solana blockchains. Users should navigate to the order box and select the convert button. Select the cryptocurrency you want to swap for USDC, and enter the amount in US dollars. After creating and verifying your account, you must fund your account to buy USDC on Coinbase. Coinbase supports a wide range of funding options, including direct transfers from your bank account, debit cards, PayPal, and wire transfers, depending on your location. Bank transfers are free of charge but the tokens bought using this method are locked up for 5 days.