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Sirwin

How to buy USDC: Guide for Beginners

By Fiatom.io | Fiatom.io | 18 Apr 2022


USD Coin is a stablecoin that was launched on the Ethereum blockchain in September 2018. The project was developed by the world’s leading companies Circle and Coinbase. To date, USDC is among the top 5 most capitalized cryptocurrencies. We invite you to discover how to buy or sell USDC quickly, profitably, and effortlessly.

Key Points:

  • USD Coin is a fiat-based stablecoin that is based on the Ethereum blockchain.
  • The project was created by the leading companies Circle and Coinbase.
  • On Fiatom, you can easily find the best rate for buying or selling USDC.

What is USDC?

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USDC is a representative of fiat-backed stablecoins, the rate of which is pegged 1 to 1 to the US Dollar rate. USD Coin is the brainchild of the well-known crypto exchange Coinbase alongside the Circle payment company. To date, USDC is the second most famous and used stablecoin after Tether. USDC is among the top 5 cryptocurrencies by market capitalization.

Circle Company is the issuer of the USDC cryptocurrency, so each issued stablecoin unit is backed with one real US Dollar. A dollar amount equivalent to the number of circulating USDC is stored in the company’s reserve. Circle reports monthly on their cash reserves to provide transparency and reliability.

USDC is considered to be the most transparent asset in cryptocurrencies, as the issue process is fixed by Ethereum smart contracts. The USDC crypto uses more than one technology. You can issue a token on different blockchains, including Ethereum, Solana, Algorand, Tron, and others. Users get the advantage of any of the networks: transaction speed, security, and fees.

Best crypto exchanges

Since USDC is one of the major stablecoins, you can easily buy the required amount on most crypto exchanges. One of the most popular platforms for buying or selling USDC are the following:

Binance

Binance is the largest crypto exchange on the market. The platform boasts a huge selection of crypto assets for trading, buying, or selling — more than 600 cryptocurrencies are available. Binance has the largest 24 trading volumes and millions of registered users. The platform provides a full range of basic and advanced trading tools.

Best for low trading fees.

Trustpilot Rating:

Coinbase

Coinbase is the trusted choice of millions of users. The platform stands out favorably with its user-friendly interface. Due to the simplicity and straightforward interface, the exchange is an excellent choice for beginners. However, Coinbase also offers a wide selection of trading tools, robust security, and a vast variety of features. In addition, the service participated in the creation of the USD Coin.

Best for user-friendliness.

Trustpilot Rating:

CEX.io

CEX.io cryptocurrency exchange claims to be the most secure and reliable trading platform. CEX.io is a multifunctional crypto exchange that provides access to a highly liquid order book for the most popular trading pairs on the market. In addition, the exchange is a legal provider of trading services, because it has various licenses in several jurisdictions.

Best for global reputation.

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Liquid

Liquid is the largest crypto trading platform by volume of transactions. The exchange offers more than 3,000 trading pairs, as well as the most major fiat currencies. With Liquid, users can instantly buy crypto for fiat (or vice versa). In addition, Liquid is a customer-oriented exchange. The platform allows you to easily switch between different language interfaces and has low transaction fees, as well as deep liquidity.

Best for accessibility.

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Coingate

CoinGate is a service that allows you to buy and sell USDC, and also provides a payment gateway both online and with traditional PoS options. Coingate charges a commission of 1% for using the gateway services. The service allows the withdrawal of funds in fiat money to various systems, including PayPal. Moreover, the service provides an insurance policy for cryptocurrency in the amount of up to $250,000.

Best for easy fiat-on-crypto purchases.

Trustpilot Rating:

How to buy USDC?

Fiatom is a reliable assistant that can save you from a long search for the best rate to buy or sell USDC. Our service compares several rates from the most reliable and reputable trading platforms. In order to buy USDC as profitably as possible, follow the steps below:

  1. Select the fiat currency you wish to pay with.
  2. Enter the purchase amount.
  3. Select USDC.
  4. Choose one of the offers from our partners.
  5. Complete the payment on the website of the selected provider.

In order to sell USDC:

  1. Enter the amount of USDC you want to sell.
  2. Choose a fiat currency you wish to receive.
  3. Choose the best offer for sale and proceed with the transaction.

Conclusion

Stablecoins are a wonderful tool that absorbs the advantages of cryptocurrencies while at the same time excluding high volatility. The main advantage of the USDC is full compliance with USA laws, regulatory rules, and banking standards. This ensures the transparency and reliability of the platform. In addition to numerous licenses, USDC has partnerships with global companies. All this ensures the project’s longevity, prosperity, and success.

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Fiatom.io

Fiatom is a non-custodial aggregator of fiat-to-crypto exchange offers where you can buy or sell crypto with your credit or debit card at the best rates within the market.

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