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How to Buy USDC
- What is USDC?
- Where to Buy USDC?
- How to Buy USDC with Cash/Credit Card/Debit Card?
- How to Buy USDC From DEX?
- What to Do After I Buy USDC
- Frequently asked questions
What is USDC?
USDC is a U.S. dollar-backed stablecoin issued by Circle and powered by CENTRE's open-source framework.
USDC offers solutions with detailed financial and operational transparency and resolves the problems that exist in the current crypto market. It is operated within the regulated framework of U.S. money transmission laws with established banking partners and auditors. On the basis of open membership, any eligible financial institutions can join USDC.
Where to Buy USDC?
USDC as a stablecoin peg with USD(Learn more about stable coin), is available on a large number of crypto exchanges( CEX and DEX). It always plays the role of a bridge for purchasing those cryptocurrencies where fiat-to-crypto trading pairs are unavailable, as it provides a replacement for USD fiat currency. The following list is some of the most popular exchanges that support USDC trading:
Kucoin 
Coinbase 
OKX If you want to buy USDC, you may need to prepare the following things:
- Crypto exchange account or crypto wallet account. Except for the crypto exchange account, it is recommended to create a crypto wallet(such as Metamask) account. (What Is a Crypto wallet?)
- Personal identification document (if you are using the Know Your Customer (KYC) platform)
- Secure internet connection
- Valid payment methods, such as bank accounts, debit cards, and credit cards
How to buy USDC with Cash/Credit Card/Debit Card?
To buy USDC with cash, such as USD (US Dollar), you will have to use a cryptocurrency exchange or financial service that supports funding via either your bank account or credit card. Different countries may have different supported platforms, for most of the countries, the mainstream platforms that support USDC trading(OTC) with cash are centralized exchanges(CEX), such as Coinbase, Binance, Kucoin, etc. Since the operation procedures vary from different CEX, we can't provide you a step-by-step guide on how to buy in all the different centralized exchanges(CEX), but we can provide you with some general procedures.
- Step 1: Register an account on the centralized exchanges(CEX)'s official website or the app. (Check Exchange Ranking), if CEX supports (eg. Binance) one-step sign up with your social account, you can sign up with your social account directly.
- Step 2: Verify your identity & secure your centralized exchanges(CEX)'s account. You are typically required to have a government-issued identification document. For asset security, you'd better Enable Two-step Verification.
- Step 3: Add a payment (funding) method to your centralized exchanges(CEX)'s. To add a payment method to your account, you can either click on the "Add payment method" box that appears at the exchange or clicks on your profile photo and settings the payment methods.
- Step 4: You can choose to buy USDC with a Debit/Credit Card, Bank Deposit, and Third-party Payment. Generally, it varies from different CEX and different areas. For US residents, if you are using Coinbase, you can click on the "Trade" button next to the coin then fill out how much US Dollars you'd like to invest in and click the "Buy" button.
How to buy USDC From DEX?
If you have other altcoins in your crypto wallet (such as Metamask) that would like to swap for stable coins, you can choose to swap by conneting to a DEX and swap.
Each DEX may differ in its functions, however, the trading procedures are similar.
- Step 1: Go to the decentralized exchange (DEX) page
- Step 2: Transfer ETH, BNB, etc.(the corresponding mainnet cryptocurrency of the blockchain that DEX runs on) that purchased by fiat to your self-custody crypto wallet address. If you have the coins in your CEX wallet, find the "withdrew "option and paste the crypto wallet address, and transfer.
- Step 3: Connected your wallet to the decentralized exchange (DEX), in general, click "Connect Wallet" on the upper right side of the DEX and followed the instructions to connect.
- Step 4: Find the "Swap" option on DEX, then choose the token you want to trade from the dropdown menu in the "From" section and USDC in the "To" section, if you can't find USDC in the list, you can input the contract address of USDC and add. Next, type an amount for your "To" currency by clicking inside the input box. You can also type your "From" amount and have the "To" amount estimate automatically if you like.
- Step 5: Check the details, and click the "Swap" button. When you are ready, click the "Confirm Swap" button. Your wallet will ask you to confirm the action.
- Step 6: Done! You can see your transaction details on the block explorer.
Note: Since there are many fake tokens on the decentralized exchange (DEX), please beware of the scam token.
What to Do After I Buy USDC
Store/Hold USDC
Many investors hold their USDC with the expectation of it increases in value. You can store your USDC on your exchanges' wallets(such as Binance Wallet) or on crypto wallets( such as Trust Wallet), if you wish to store them for the long term, you can store them in a cold wallet instead of a hot wallet. ( Hot Wallets vs Cold Wallets: What's the Difference? ).
Trade USDC
You can trade USDC for other cryptocurrencies on crypto exchanges. Cex or Dex exchanges offer some trading pairs for USDC trading to meet your needs.
Earn USDC
Earn Rewards by staking coins. Staking is a great way to maximize your holdings in staking coins that would otherwise be sitting in a wallet or trading account.
Transfer
Unlike sending money overseas, you can send USDC to anyone in the world virtually instantly.
Purchasing Goods
Some online platforms or offline shops accept crypto as payments. You can purchase good or service from these places.
Frequently Asked Questions(FAQ)
Can I buy 1 USDC?
Is USDC a good investment in 2024?
For the people who truly believe in the value of cryptocurrency and the future application of crypto, USDC may be a worthwhile investment.
However, the crypto market is incredibly volatile like the stock market, it is not recommended to invest all your assets in crypto. Investors definitely need to evaluate the pros and cons of USDC. Sometimes you should do some research, for example, read the white paper of the project or check the data of historical USDC price or USDC Return On Investment(ROI). Ultimately, it depends on your appetite for risk.
How to Store USDC?
If you want to keep and hold USDC for the long term and do not plan to sell them, security may be the first thing you should consider. Although keeping them in most of the top exchanges' wallets nowadays is safer than before, with the development of security techniques, however, because of the very nature of the wallets in exchanges, they will be always online( so-called "hot wallet"), it is possible of being a hack. What's more, the exchanges shut down may cause the loss of your fund. So the safest way of storing your coins or tokens is always putting them into "Cold Wallets", it is the wallet that is totally offline. There are two types of cold wallets:
- Paper wallet: It is simply formed by using a program to randomly generate a public and private key offline and you can print them on a piece of paper, which you then store and save in a secure place. The keys are printed in the form of QR codes which you can scan in the future for all your transactions.
- Hardware cold wallet: Hardware wallets are physical devices where you can store your cryptocurrency. Your crypto addresses and keys can be kept in a USB drive device, and only the person who possesses the USB drive can access the assets.
Nowadays, most people prefer to use hardware cold wallets, if you want to store a large number of coins or tokens, you can choose to use a hardware cold wallet to store your assets.
How long does it take to buy USDC?
As for DEX, the transaction will be confirmed by the node in the network. The confirmation time depends on your gas price. If you submit with a low gas price, you can find your transaction taking a long time to process. For advice on what gas prices will result in a transaction being finalized in a reasonable amount of time, if you are using the Ethereum network, please refer to sources such as Etherscan's gas tracker, or a similar tracker for whichever network you're using.
USDC Price
USDC price today is $1 with a 24-hour trading volume of $8,321,481,313. USDC price is down -0.12% in the last 24 hours. It has a circulating supply of 42.85Bil USDC coins and a total supply of 42.85Bil.