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• Swap any asset for USDC with zero fees and fixed-price execution on Nexo’s Crypto Exchange.
• This content shouldn’t be interpreted as a recommendation to invest.
• Note that although the USDC smart contracts are robust, the DeFi protocol where you’ve staked your USDC might not be stable.
• And when you choose to sell 1 USDC for fiat currency, the coin is “burned” when you make the transaction.
• There are more than 19,000 cryptocurrency projects out there, but USDC is one of the biggest.
• USDC was created by Centre Consortium, a joint venture between Coinbase and Circle – aimed at increasing mainstream adoption of fiat stablecoins.
• Customers will be able to see the latest applicable rates directly within their accounts.

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.

How do I find the best places to buy USDC?

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. Note that if you buy USDC on Solana, you’re buying the Solana variant of the token. This way the exchange will handle the conversion on your behalf, but you’ll still have to pay a withdrawal fee set by the exchange. Some protocols, like Curve Finance, are designed for swapping stablecoins with minimal slippage. 1Inch is designed to reroute your trade across different DeFi protocols to try and reduce the transaction cost.

• Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current.
• USDC is a tokenized version of the US dollar, meaning it can be exchanged for the equivalent amount of US dollars at any time.
• Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions.
• USD Coin is a stablecoin built on the Ethereum (ETH) blockchain.

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USDC

Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. A lot of crypto purists believe that centralized cryptocurrency exchanges undermine the point https://www.tokenexus.com/ of cryptocurrencies, since these exchanges custody any funds deposited to them. Nevertheless, crypto exchanges remain the most popular venue for trading cryptocurrencies because of the speed and cheapness of their proprietary matching engines. Decentralized, crypto-native exchanges solve these two problems by offering users permissionless access to decentralized markets.

Every USDC in circulation is 100% backed by one U.S. dollar which is held in segregated accounts with US-regulated financial institutions. It is also widely accepted as a payment method and can be used to earn rewards. USDC is a stablecoin—a cryptocurrency that maintains a peg to another asset. The USDC stablecoin is the result of a joint venture from Coinbase, the crypto exchange giant, and Circle, a crypto payments company.

Products

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it’s a good idea to have those ready. USDC is a highly volatile asset capable of major price swings in a single day. Today USDC is trading for $1 USD, which is lower than yesterday’s trading price of $1.00 USD. 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.

This stablecoin is pegged to the price of the US dollar and it’s possible to own less than one USDC. For example, 0.54 holdings of USDC, given that the peg remains stable, would be valued at $0.54 cents. Buy USDC with card or instant bank transfer and get up to 0.5% in crypto rewards back. Yes, owning, purchasing, and trading USD Coin (USDC) is lawful in the United Kingdom.

Users should also be aware of the regulatory landscape surrounding digital currencies and stablecoins. Crypto experts also say that government regulations against these digital assets could have a crippling effect on the future of these assets. The most obvious solution is to sell it for volatile cryptocurrencies—indeed, many traders buy USDC to escape a crashing market and to protect the value of their cryptocurrency holdings. Once the market swells up again, they sell their stable USDC to profit from rising prices.

• Unlike quick matching engines, trades take place on the blockchain.
• Find an exchange to buy, sell and trade USDC by comparing deposit methods, supported fiat currencies and fees.
• Stablecoins are a critical part of the decentralized finance ecosystem.
• The most popular trading venue for USDC is called Uniswap, but USDC is on many blockchains and can be bought from the DEXes native to that network.
• Find the best decentralized perpetual exchanges, blending security, asset diversity, and superior user experiences for traders.
• First, you need to connect a Web3 wallet (like MetaMask) to the exchange by hitting the “connect wallet” on the site.
• When crypto investors buy USD Coin, they expect one USDC to always be equal in value to one dollar.

Jed, with his roots as a digital asset analyst since 2015, founded Datawallet to demystify crypto and decentralized finance. His journey includes research roles in top publications and a venture firm, underscoring his passion for making complex financial concepts accessible. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales. Content is for information purposes only and is not investment advice. Investing in cryptocurrency comes with risk.Upon purchase of USDC, you will be automatically opted into rewards.