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How to buy USD Coin (USDC) in the US

A beginner's guide to buying and selling USDC in the US.

USD Coin
USDC- USD
STABLECOIN
$1.01
+$0.01 (+0.55%)

How to buy USD Coin

Look for an exchange that supports both fiat and cryptocurrency to simplify buying USD Coin.

  1. Open an account on an exchange that supports USDC.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy USD Coin.
  3. Buy USD Coin.
    Complete your USD Coin purchase and then find the best wallet to store USDC.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is USD Coin?

USDC is a digital stablecoin pegged to the value of the US dollar. To maintain its fiat-peg, the cryptocurrency is backed by fully reserved USD assets with an exchange rate of 1:1. One USDC should be equal to one real US dollar.

Launched in 2018, the stablecoin was created by Circle, a crypto finance company owned by Centre, with accompanying support from Coinbase. The token was originally built on the Ethereum blockchain, and as such was developed as an ERC20 token. However, it has now expanded to the Solana and Algorand blockchains. The parent company, Centre, is regulated by the Money Services Business and FinCEN in the US, with regular auditing taking place.

USDC can be traded and exchanged like any other cryptocurrency. Instead of cryptocurrency investors transferring funds back into fiat currency, Circle states that USDC allows users to transfer assets to a stablecoin that offers a 1:1 relationship with the US dollar. Stablecoins aim to be a calmer entry and exit platform to the sometimes volatile world of cryptocurrencies.

USD Coin (USDC) is the 7th largest cryptocurrency in the world by market cap, valued at $27,616,292,808. The current price of USD Coin is $0.998148, which is -0.147% lower than yesterday. Prices have ranged between $1.01 and $0.995119 over the past 24 hours. All prices are listed in US dollars and accurate as of August 05, 2021 04:08 UTC.

Where to buy USD Coin

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 provider.
Name Product Deposit methods Fiat currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

268
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

65
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

125
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
USD

58
cryptocurrencies

Get a US$15 bonus when you trade US$100 or more of any supported crypto. T&Cs apply.
Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

219
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Coinbase Pro
Bank transfer, Cryptocurrency, Debit card, PayPal, Wire transfer
USD, EUR, GBP

69
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Bitstamp Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Credit or Debit Card, SEPA, Faster Payments (FPS)
USD, EUR, GBP

25
cryptocurrencies

A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
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Compare up to 4 providers

This guide provides step-by-step instructions on how to buy USD Coin in the US, lists some exchanges where you can get it and provides daily price data on USDC.

USD Coin at a glance

Information last updated August 05, 2021 04:08 UTC.
Coin symbolUSDC
Total USDC supply27,585,030,121
Circulating USDC27,585,005,418
Current priceUS$0.998148
All time highUS$1.17
Notable team membersJeremy Allaire, Sean Neville, Brian Armstrong
PartnershipsVisa, Ripio
IndustryStablecoins
Token usesStablecoin
NetworkEthereum

USD Coin price performance over time

Historical prices compared with the price of US$0.998148.

1 hour -0.55%
24 hours -0.15%
7 days -0.26%
14 days -0.94%
30 days -0.35%
60 days -0.36%
200 days -0.23%
1 year -0.13%

How to sell USD Coin

You can cash out your USDC with the same exchange you bought it through:

  1. Sign in to the exchange you have USDC on.
    If you store your USD Coin in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of USDC you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of USD Coin.

What to consider when buying USD Coin

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, Circles 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.
  • Centralized: The token is backed by a centralized entity and, therefore, arguably goes against the decentralized sentiment of cryptocurrencies. Centre, the controlling organization, has blacklisted wallet addresses previously.
Disclaimer: Cryptocurrencies, including USD Coin, 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 USD Coin or any other cryptocurrency discussed.

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