How to buy USDC

How to buy USDC

How to buy USDC

Stablecoins have been acting as a portal to crypto adoption with the result that they’ve seen significant usage themselves. Here we’ll review one of the leading stablecoins, USD Coin, in terms of the various ways that are available to you to buy USDC.

Just before we delve into your options of how to buy USDC coin and where to buy USDC Coin, here’s a short refresher and update on the project.

    What is USD Coin (USDC)?

    USD Coin or USDC is an open source, smart contract-based stablecoin run by Centre - a consortium of crypto exchange Coinbase and financial technology company Circle. It’s fully backed by US dollars or other fully reserved assets, which are held in segregated accounts with financial institutions regulated in the United States.

    How to buy USD Coin (USDC)
    Where to buy a USD coin? How do I buy USDC? IMG SRC

    Although primarily available on the Ethereum blockchain, the stablecoin has been moving steadily towards a multi-chain presence. It is also available on the Algorand, Avalanche, Solana, Stellar and TRON blockchains with plans to  launch on Arbitrum, Cosmos, NEAR, Optimism and Polkadot.

    Competition in the stablecoin market is heating up. Binance took the decision to forcibly convert USDC (and some other stablecoins) to its own US dollar stablecoin - BUSD. Circle co-founder and CEO Jeremy Allaire hit back by saying that BUSD has little use outside of the Binance platform. He also took a side swipe at the largest stablecoin by market cap, Tether, stating that “USDT is not cash equivalent - not even close.”

    Buy USDC with credit card

    Through the use of either the Exodus mobile or desktop application, you can buy USD Coin using either a credit or debit card.  This option allows you to buy USDC within 49 US states and most other parts of the world.

    Within the application, all you need to do is click on the ‘Buy Crypto’ icon. That will lead to an option which allows the transaction to be processed by either Ramp Network or MoonPay, Exodus’ payment partners. MoonPay handles Maestro-based card payments while Ramp Network has the capability to process both Mastercard and Visa payments.

    How to buy USDC via bank transfer

    Exodus applications also feature when it comes to buying USDC via bank transfer. Once again, purchase via bank transfer is made possible due to partnerships with Ramp Network and MoonPay. If your bank account is denominated in USD, EUR or GBP,  then in the vast majority of cases and locations, you’ll be able to pay via bank transfer.

    Buy USDC
    Can you buy USDC with a credit card? How do I buy USDC instantly? With Exodus! IMG SRC

    Just like with the option above that sets out how to buy USDC with a credit card, the bank transfer option appears once you click on the ‘buy crypto’ icon within the application.

    Buy USDC with PayPal

    Having to get an account KYCed and verified is a pain. At first glance, the option to pay via PayPal sounds like a tonic if you’ve already got an account opened with them. The problem is that in order to buy USDC with PayPal, you’ll need to open an eToro account and submit all your private information to the site for inspection. Once you have opened the account, to deposit funds with PayPal, select it as your preferred deposit method.

    You should note that non-USD deposits via PayPal incur fees of 0.5%. PayPal also charges their own fees on top of that.

    Buy USDC via a token swap

    The Exodus token swap feature has to be the slickest way in which you can add USDC coin to your portfolio.

    If you already hold any of Exodus’ 230+ supported tokens,, you can swap them out on the Exodus platform to USDC instantly. Additionally, you’re free to use Exodus' built-in exchange app, or link your Exodus wallet with the FTX exchange.

    How to buy USDC on Polygon

    If you’ve spent even a little bit of time around crypto then you’ll know that Ethereum fees can be an issue at times when transacting on the Ethereum blockchain.

    Polygon is a layer two network or sidechain that runs alongside the Ethereum blockchain as a way to increase the amount of transactions it can handle. Through its wallet applications, Exodus enables you to buy USDC via Polygon - thus saving on transaction fees.

    When you choose to either buy USDC with fiat currency or you choose to swap another digital asset in your Exodus wallet for it, make sure to select USDC with the Polygon symbol next to it - as the asset you want to buy/swap to. This way, you will receive your USDC within the Exodus wallet and on the Polygon network - avoiding those pesky transaction fees.

    And then you can use your USDC in applications across the Polygon ecosystem! And that’s a wrap! If you do decide that you want to buy USD Coin, we hope that this article will prove to be useful to you. When it comes to where to buy USDC we hope you agree that there’s no need to look any further than Exodus!

    This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.

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