Buy and Sell USDC Easily and Securely

Circle started in 2013 as a way to send money easily and quickly. Since then, it has expanded into cryptocurrency—raising millions in venture capital and acquiring the crypto exchange Poloniex. After creating, verifying, and funding your account, you’re all set to buy USDC on Coinbase. Click on the Trade panel sell usdc and choose USDC from the list of cryptocurrencies. You will see a chart, the asset’s brief description, and other metrics like its market cap, transaction volume over 24 hours, total supply, etc. US Dollar Coin (USDC) is a stablecoin – a cryptocurrency token pegged to the value of a real-world asset, the U.S.

Coinbase is a renowned cryptocurrency exchange established in 2012, offering a user-friendly platform for buying, selling, and trading various digital assets. With a focus on accessibility and security, Coinbase has become a trusted name in the cryptocurrency industry, providing users with a reliable avenue to sell USDC for cash. You can store your USD coins in a software wallet, like Coinbase or CoinStats. Coinbase has a dedicated wallet application that’s great for storing your cryptocurrency.

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The trading fee is typically a percentage of the transaction amount. The exact percentage can vary from platform to platform but generally falls between 0.1% to 0.6% of the total transaction value. It’s important https://www.tokenexus.com/why-is-the-xrp-price-so-low-advantages-and-disadvantages-of-the-token/ to consider the trading fee when choosing an exchange or platform to sell your USDC. USD Coin (USDC) is a digital currency that is fully backed by U.S. dollars or dollar-denominated assets like U.S.

• Since its inception in 2016, the platform has continuously expanded its support for various digital assets, including USDT.
• These include an autonomous vehicle company called Avride; an AI cloud platform called Nebius AI; a generative AI and LLM company called Toloka AI; and edtech platform TripleTen.
• The company says that it plans to use a chunk of its cash proceeds from the sale to further develop its remaining businesses, and deliver a return to its shareholders.
• This peer-to-peer trading feature is particularly useful for investors in countries where there are regulatory restrictions or limitations on fiat withdrawals.

You must navigate to the sign-up page and fill in the basic details like your name and email address. To complete the process, you must verify your email address by clicking the verification link sent to your email. Also, I assume that you already have a working account on Binance and have some crypto funds available. You can also reference this list of exchanges where you can purchase USDC and EURC.

BUY+ SELL

In this selling USDC guide, I have encountered all aspects of what comes when you want to sell USDC for cash or money. For instance, I covered several crypto exchanges including P2P platforms that you can use. The platform comes with zero fees and has a large order book providing liquidity, where you can sell USDC for money at any time. KuCoin is a top-rated digital asset exchange that offers an easy way to buy, sell, and trade cryptocurrencies. The exchange is well-known for listing low-cap digital assets, which have the potential for significant upside. Additionally, the platform has a vast inventory of cryptocurrencies that can be traded with little guidance.

Withdrawals for UK users are processed through the Faster Payment Service. On the platform, withdrawals to external wallet addresses are completed within minutes, but fees may apply, which are stated at the point of the transaction. The last option to convert USDC to Cash is by using a cryptocurrency ATM. Cryptocurrency ATMs are automated machines that enable the purchase or sale of cryptocurrencies like Bitcoin, Ethereum, or USDC. These machines are popular with crypto traders who prefer to have a physical location to exchange their cryptocurrencies for cash. With crypto ATMs, investors can sell their cryptocurrencies for cash or vice versa without the need for a bank account or credit card.

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We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients. Since then, its capitalization has risen from $200 million to above $25 billion. Scroll down to submit a buy order for USDC, input the amount used to purchase USDC, and Coinbase’s algorithm will automatically calculate the number of USDC you’ll get based on its current trading value.

If necessary, USDC can be converted back into USD once it reaches its destination. By ensuring that transactions are carried out precisely and securely, the underlying technology improves transparency and lowers the possibility of fraud. Overall, by offering multiple withdrawal options and providing transparency on fees, Bitfinex facilitates the process of converting USDC into money. Users can conveniently sell USDC for cash and withdraw funds to their bank accounts, choosing the most suitable method that aligns with their preferences and location. Finally, KuCoin’s trading fees range from 0.1% to 0.2%, which is competitive in the market. It is worth noting that the exchange charges a $15 fee for wire transfers for USD withdrawals.