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.

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

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 Quick Trade

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:

1

Sign up for a Quick Trade 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.

2

Fund your account with Canadian Dollars

Funding is like putting gas into a car – it helps you get where you want to go.

3

After funding, select USDC from the list on the trade section

Quick Trade 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.

4

Select a currency you’ve funded and use it to check the USDC price

In the Quick Trade app, all currencies available to trade can be found in the drop down list.

5

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?

At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.

Ready to add USDC to your portfolio?

Create your account (if you haven’t already), fund it with spare change and get your USDC.

Sign Up & Buy USDC

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.