USD Coin (USDC)
All prices are in USD.
How to buy USD Coin
USDC
USD Coin is a stablecoin pegged to the value of the US Dollar. It uses reserves of US Dollars and US Treasury bonds as collateral for each unit of USDC issued. USD Coin is the 2nd largest stablecoin by market cap. You can buy and sell USDC for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade USDC for BTC the same way you trade CAD for USD. You can also trade USDC to CAD based on the USDC price. To learn how to buy USDC, scroll down to see how to buy USD Coin.
Here’s how to buy USD Coin on Coinsquare
Buying USD Coin is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for USD Coin, which trades as USDC. Based on when you think you can get a good USDC price, you should be able to trade USDC to CAD.
To buy USD Coin, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying USDC. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select USDC from the list on the trade section
Coinsquare lets you trade USDC without leaving the app. You can also check the USD Coin stock price and convert USDC to CAD on the platform.
Select a currency you’ve funded and use it to check the USDC price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy USDC
Congratulations! You’re now the proud owner of USDC. You can either HODL or use it to exchange USDC to CAD. To the moon!
USDC is issued by regulated financial institutions, backed by fully reserved assets, redeemable on a 1:1 basis for US Dollars, and governed by Centre, a membership-based consortium that sets technical, policy and financial standards for stablecoins. As an open standard and public smart contract, USDC has rapidly grown the largest stablecoin industry ecosystem in the world.
You may want to consider buying USDC if you would like to:
Diversify your portfolio by introducing a variety of cryptocurrency assets
Make international transfers equivalent to the US Dollar value at a fraction of the cost
Earn interest with your USDC by lending your tokens on a variety of platforms
Buy and sell goods and pay for services on online/retail stores that accept USDC
Where do I keep my USDC?
Ready to add USDC to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.