Finder makes money from featured partners, but editorial opinions are our own.

How to buy USDC (USDC) in Canada

Learn how to buy USDC (USDC) on 19+ crypto exchanges in our step-by-step guide.

USDC (USDC) is the 7th largest cryptocurrency by market cap, valued at US$32,421,325,675.

USDC is a highly volatile asset capable of major price swings in a single day. Today USDC is trading for $0.999962 USD, which is lower than yesterday's trading price of $1.00 USD. Over the past year, USDC's price has seen an increase of 0%.

So before you buy USDC, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy USDC.

How to buy USDC in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy USDC is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy USDC
    You can now exchange your funds for USDC. On beginner-friendly exchanges, this is as simple as entering the CAD or USDC amount you want to purchase and clicking "buy".
  5. Secure your USDC
    Consider transferring your USDC to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy USDC in Canada

Find an exchange to buy, sell and trade USDC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 11
Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
Kraken
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay

7

207

Certain trading features are limited or unavailable to residents of Ontario and Quebec.
Go to site

Capital at risk

View details
Paybis Cryptocurrency Exchange
EXCLUSIVE
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller, Skrill, Apple Pay

60

87

Use code Finder25 to get a 25% discount on all commission for 1 transaction. T&Cs apply.
Go to site

Capital at risk

View details
OFFER
Bitbuy Digital Currency Exchange
Cryptocurrency, Interac e-Transfer, Wire transfer

1

39

Limited time only: Free $40* when you sign up and fund your Bitbuy account. T&Cs apply.
Go to site

Capital at risk

View details
OFFER
VirgoCX Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer

2

78

Get a $20 bonus when you open a new account and deposit $100+. T&Cs apply.
Go to site

Capital at risk

View details
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency, Debit card, Wire transfer, Apple Pay

58

391

Go to site

Capital at risk

View details
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

How do I find the best places to buy USDC?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy USDC?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading USDC.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing USDC with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy USDC?

Once you've created an account, you will need to deposit funds to buy USDC with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy USDC:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase USDC by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for USDC on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy USDC?

The easiest way to buy USDC is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying USDC, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of USDC has been performing recently.

Best USDC wallets to store your USDC

You can keep your USDC on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your USDC below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

9,000+

Price (USD)

$149

Price (USD)

$179

Recent USDC developments

March 11, 2023: The price of USDC depegged and fell to 87 cents USD. This was a result of USDC's parent company – Circle – revealing that it had US$3.3bn deposited with Silicon Valley Bank (SVB). The FDIC announced on Friday that it was taking over SVB, which created fear in the market relating to any assets or companies with exposure to SVB.
March 2022: The market cap for USDC topped $50 billion USD for the first time ever.
February 2022: The war between Russia and Ukraine resulted in a significant volume increase for USDC, with 44% of all trades on the Ukranian cryptocurrency exchange comprising either USDC or USDT. This spike was largely due to the economic implications of the invasion negatively affecting the value of Ukranian and Russian fiat currencies.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is USDC a good investment?

Although stablecoins by nature are intended to be stable and represent the underlying asset, these tokens are not without their associated risks. Here's what to consider before buying USDC:
  • Collateral. Belief in the stablecoin is highly correlated with the notion that one USDC equates to one US dollar. For every token, Circle claims it holds one US dollar as a reserve. This has previously been verified by auditors. However, if there is any doubt of this in the future, the integrity of the project will be called into question. This was seen with the competing USD stablecoin Tether.
  • Correlation. As the token is directly correlated to the US dollar, any issues with the USD will also affect USDC. Issues might include the de-valuing of the US dollar and relative price differences with other world currencies.
  • Volatility. Although pegged to the US dollar, high market volatility and increased daily volume can cause minor spikes above and below 1 USD.
  • Centralised. The token is backed by a centralised entity and, therefore, arguably goes against the decentralised sentiment of cryptocurrencies. Centre, the controlling organisation, has blacklisted wallet addresses previously.

Today's USDC price versus ATH

Compare today's price of USDC ($0.999962 USD) against its all-time-high price of $1.17 USD on 08 May 2019. The closer the bar is to 100%, the closer USDC is to reaching its ATH again.

USDC's price: $0.999962
ATH date: May 08, 2019
85.47%

USDC ATH: $1.17


How to trade, convert or sell USDC

You can convert or sell your USDC with the same exchange you bought it through:
  1. Sign in to the exchange you have USDC on.
  2. If you store your USDC in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of USDC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of USDC.
  6. Complete your transaction and move your USDC to a wallet for storage.

Disclaimer: Cryptocurrencies, including USDC, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of USDC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the USDC or any other cryptocurrency discussed.

More guides on Finder

  • How to buy Hedera (HBAR) in Canada

    This guide provides step-by-step instructions on how to buy Hedera, lists some exchanges where you can get it and provides daily price data on (HBAR).

  • How to buy XDC Network (XDC) in Canada

    This guide provides step-by-step instructions on how to buy XDC Network, lists some exchanges where you can get it and provides daily price data on (XDC).

  • How to buy Flow (FLOW) in Canada

    This guide provides step-by-step instructions on how to buy Flow, lists some exchanges where you can get it and provides daily price data on (FLOW).

  • How to buy VeChain (VET) in Canada

    This guide provides step-by-step instructions on how to buy VeChain, lists some exchanges where you can get it and provides daily price data on (VET).

  • How to buy TRON (TRX) in Canada

    This guide provides step-by-step instructions on how to buy TRON, lists some exchanges where you can get it and provides daily price data on (TRX).

  • How to buy EOS (EOS) in Canada

    This guide provides step-by-step instructions on how to buy EOS, lists some exchanges where you can get it and provides daily price data on (EOS).

  • How to buy Stellar (XLM) in Canada

    This guide provides step-by-step instructions on how to buy Stellar, lists some exchanges where you can get it and provides daily price data on (XLM).

  • How to buy Bitcoin Cash (BCH) in Canada

    This guide provides step-by-step instructions on how to buy Bitcoin Cash, lists some exchanges where you can get it and provides daily price data on (BCH).

  • Binance Coin (BNB) price prediction 2024

    Read our expert analysis on Binance Coin and how the token will perform in the future.

  • Solana (SOL) price prediction 2024

    A panel of industry specialists give us their predictions on the price of Solana to 2030.

Go to site