How to Buy USD Coin

USD Coin (USDC) cryptocurrency ranks at 6 place by capitalization. It’s 13 September 2023 on $26,199,269,318 year. Circulating supply: 26 020 576 301. Maximum supply – N/A. The price of USDC for today – $1.000 with trading volume of $7,095,466,689 for 24 hours. The maximum price of USD Coin was registered on 15 November 2018 year and was – $1.043. The lowest price of USDC, $0.9656, was registered on 12 March 2023.
USD Coin (USDC)
$1.000 +0.01% ↑
24h price change
$0.0000540
Capitalization
$26,199,269,318
24h trading volume
$7,095,466,689
on the official website

USD Coin Price in USD: Convert to US Dollar

USDC
USD CoinUSDCUSD Coin
BitcoinBTCBitcoin
EthereumETHEthereum
TetherUSDTTether
BNBBNBBNB
XRPXRPXRP
Lido Staked EtherSTETHLido Staked Ether
CardanoADACardano
DogecoinDOGEDogecoin
SolanaSOLSolana
TRONTRXTRON
ToncoinTONToncoin
PolkadotDOTPolkadot
PolygonMATICPolygon
LitecoinLTCLitecoin
Shiba InuSHIBShiba Inu
Wrapped BitcoinWBTCWrapped Bitcoin
Bitcoin CashBCHBitcoin Cash
DaiDAIDai
LEO TokenLEOLEO Token
USD
USDUS Dollar
EUREuro
RUBRussian Ruble
UAHUkrainian hryvnia
PLNPolish zloty
GBPPound sterling
JPYJapanese yen
CHFSwiss Franc
CNYChinese Yuan
TRYTurkish Lira
on the official website
Data updated 9/13/2023

    USD Coin (USDC) is a popular stablecoin, the value of which is linked to the US dollar at a ratio of 1:1 – 1 USDC equals 1 USD.

    A stablecoin is a type of cryptocurrency exchange rate of which is stabilized by being linked to another stable asset (fiat currency, precious metals, etc.).

    Thus, stablecoins (or stablecoins) allow you to reduce the risks associated with the extreme volatility of the crypto market. Therefore, the question of how to buy USD Coin is relevant for many market participants.

    In the new review, we will tell you about the main way to buy USDC – on a cryptocurrency exchange, as well as how to choose a platform where to store the purchased coins and how to withdraw them to your wallet.

    How to buy USD Coin USDC
    What is USD Coin?

    What is USD Coin

    The USD Coin (USDC) is a cryptocurrency was created and controlled by the Center Consortium in collaboration with its founders Coinbase and Circle.

    The USD Coin stablecoin is based on blockchain technology. At the beginning the coin used Ethereum blockchain for its work, now the token works on other networks (Solana, Tron, Avalanche, Stellar). This allows user to select the transfer network based on the speed and cost of transactions.

    Where is the best place to buy USD Coin

    Next, consider where it is more profitable to buy USD Coin. For this purpose, you can use different platforms: cryptocurrency exchange, payment systems/banks like Revolut. Each method has its own advantages. But if we talk about profit, then the best rate is always given by exchanges. Other advantages of buying cryptocurrency on the exchange:reliability, regulation, high liquidity, a large selection of payment methods (bank transfer, card, p2p, etc.), an option to buy coins by fiat money (dollars, euros, etc.).

    Instructions for buying USD Coin

    As we have identified above, the most profitable option for buying USDC is on a crypto exchange. Below is a step-by-step instruction: where to start and how the direct purchase happens.

    Decide on the level of risk

    Every investor wants the concepts of “money” and “loss” to never intersect. But in order to protect yourself from possible losses, you need to determine the level of risk for yourself in advance: how much I am ready to invest, how much I can afford to lose and so on. Remember the basic rules of investing:

    • Don’t invest all your money in one asset;
    • Do not buy any asset with the last money (and even more so with borrowed money);
    • Don’t invest more than you can afford to lose.

    Choose a crypto exchange

    Trading platforms differ from each other in the conditions that they offer to users. Basic parameters: verification (mandatory/optional), available trading pairs, fiat support, commissions (deposit/withdrawal/trading), limits, trading terminal capabilities, available orders and so on. In order to choose the cryptocurrency exchange that is fits you, we advise to read reviews from real users. Pay attention to specific moments of working with the site: what you didn’t like and why, what were the problems, etc.

    Best crypto exchanges to buy USDC in 2023:

    Exchange
    Website
    BTC trading volume, 24h
    1Bybit
    Bybit
    BTC trading volume, 24h
    13,790.83
    2Binance
    Binance
    BTC trading volume, 24h
    12,071.63
    3OKX
    OKX
    BTC trading volume, 24h
    1,859.78
    4BingX
    BingX
    BTC trading volume, 24h
    939.24
    5Huobi
    Huobi
    BTC trading volume, 24h
    605.63

    Register an account

    As an example, we will use Binance exchange (you can choose any trading platform).

    Rating of the best exchanges can be found on our website.

    To create an account on Binance:

    1. Open the official website of Binance;
    2. Click Register in the upper right corner;
      Begin registration on Binance
      Starting registration on Binance
    3. Specify country of residenceCreate Personal Account;
      Create a personal account on Binance
      Creating a personal Binance account
    4. Add email address, create a strong passwordNext;
      Data for registration by email
      Email registration details
    5. The last step is to verify your email and phone number. Enter in the dialogue window the activation code received by e-mail, and then the code that will be sent to the phone number.

    Access to your personal account will be open after verifying the data. It gives you access to all further actions with the account.

    Detailed instructions on registration process can be found in the article: Binance exchange overview.

    Top up your account

    Depending on the selected exchange, the user can replenish the account in different ways. Some sites work only with cryptocurrency, others support fiat. Study in which pairs the asset you need is traded and choose the most convenient way. The USDC coin is traded on Binance in pairs with other cryptocurrencies (BTC, ETH, USDT, ADA, EOS, SOl, TRX and others). For example, let’s transfer ETH to the exchange. For this:

    1. In the upper right corner of your personal account click Wallet → Fiat and Spot;
      Deposit on Binance
      Depositing on Binance
    2. Specify ETH as the deposit currency and activate the Deposit option next to it;
      ETH deposit
      ETH deposit
    3. Select network for transferring;
    4. Copy address and send ETH to it from your crypto wallet;
      Address for ETH transfer
      Address for transferring ETH
    5. Check the receipt of money in the account.

    Buy USD Coin (USDC)

    In order to buy USDC with ETH on the Binance Spot Market, you need to create a buying order. For this:

    1. In your account, select Trade → Spot;
      Spot market trading Binance
      Trading on the Binance spot market
    2. Specify the trading pair as ETH/USDС;
      Select trading pair
      Selecting a trading pair
    3. Specify order type, for example, Market;
    4. Enter the amount of USDC you want to purchase with ETH;
    5. Click Sell ETH to sell ETH and buy USDC.
    Buy USDC with ETH
    Buying USDC with ETH

    How to sell USD Coin

    To sell USDC coins, you need to follow the same sequence of actions, with one difference: fill out the form on the left and click Buy ETH. As a result, USDC coins will be exchanged for ETH.

    USDC Sell
    USDC selling

    Where to store USDC

    The choice of crypto storage depends on what you plan to do with the coins:

    1. If you trade actively, then hot wallet is what you need. It will provide quick access to funds by constantly maintaining connection to the network. But you need to take care of the security of assets: set up two-factor verification, save the recovery password from the wallet, etc.;
    2. If you do not plan to trade and actively use assets, then cold wallets are better for long-term storage. They are connect to the network only at the time of the transaction, thus this is a more reliable method of storage.
    Reliable cold and hot wallets for USDC can be found in best wallets for storing cryptocurrencies article on our website.

    How to withdraw USD Coin to my wallet?

    You can withdraw USDC from Binance to Trust Wallet, the official wallet of the exchange. For this:

    1. In your personal account on the exchange, open the tab Wallet → Fiat and Spot;
    2. Select Withdraw → Withdraw Crypto;
    3. Select cryptocurrency and transfer network;
    4. In the Address field, you will need to enter Trust Wallet wallet address;
      Withdraw USDC from Binance
      Withdrawing USDC from Binance
    5. To get the address, go to the Trust Wallet and click Receive;
      Get coins to wallet Trust Wallet
      Getting address on Trust Wallet
    6. Select USDC and its network from the list of supported currencies;
    7. Copy the address (or scan the QR-code);
      Address to receive USDC
      Address for receiving USDC
    8. Insert it into Address field for withdrawal;
    9. Withdraw USDC from the exchange to Trust Wallet.

    FAQ

    How to buy USD Coin?
    In order to buy USDC, you need to: decide on the level of risk, select a crypto exchange (for example, Binance), create an account (and verify it, if necessary), replenish the exchange balance, create a buy order, buy USDC.
    Where to buy USD Coin?
    The choice of platform for buying USDC coins depends on your preferences. These can be cryptoexchanges, payment systems, etc. Each of the methods has its pros and cons. But the best to buy USDC is on the exchange: there is always the best rate, high liquidity and level of reliability, etc.
    Where can I trade USD Coin?
    USD Coin is traded on many major exchanges. For example, on Binance, USDC is traded in pairs with cryptocurrencies BTC, ETH, USDT, ADA, EOS, SOl, TRX and more.
    When is the best time to buy USD Coin?
    Experienced users use technical and fundamental analysis tools to determine the best moments to enter and exit the market. For novice users, this can be difficult, but they can study the opinions of analysts and professional traders, read reviews and follow the market situation.
    Should I buy USD Coin?
    USDC, like other stablecoins, has an important place in the crypto industry. USD Coin is not a subject to the excessive volatility inherent in most other cryptocurrencies. That is determine its use like a store of value of assets, as well as a mean of payment. However, buying USD Coin is still a risky decision as the crypto market is almost unpredictable.
    Will USDC always be $1?
    USD Coin is pegged to the US dollar 1:1. That means each USDC token is and will be worth approximately $1.
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    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
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    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
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