How to Buy USD Coin (USDC) in Canada

How to Buy USDC in Canada

USD Coin, known as USDC is a stablecoin pegged to the U.S. dollar with a 1:1 ratio. Every USDC coin is backed by $1 held in reserve, in a mix of cash and short-term U.S. Treasury bonds

BUY PRICE1 USDC = USD $0.00

0.00

SELL PRICE1 USDC = USD $0.00

0.00

SUMMARY1. Brief Intro2. Price3. How to Buy4. Why Netcoins?5. About USD Coin

Brief Intro

USDC was launched in late 2018 by Centre as a stablecoin pegged to the price of the U.S. dollar. Each USDC coin is backed by $1 of cash and short-term U.S. Treasury bonds held in reserve. Its goal is to bring stability to the world of crypto and act as a financially transparent currency. The fiat-backed stablecoin has consistently ranked as the second-largest stablecoin in the crypto market, showing its dominance and supportive community. If you are wondering how to buy USDC, Netcoins is a publicly-traded, fully regulated crypto trading platform. We make it simple for Americans to buy USDC and other cryptocurrencies.

USDC Price

USDC / USD

USD $ -

1H24H7D

Buy Price$0.00

Sell Price$0.00

24h High$0.00

24h Low$0.00

How to Buy USDC

1. Create an Account

2. Fund It

Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.

3. Start Trading

Buy and sell as much USDC as you want with no slippage due to our deep liquidity

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More About USDC

Who is Centre?

USDC is managed by a consortium called Centre, created in 2018. A consortium is an association of two or more parties with the aim of pooling resources to achieve a common goal. Centre was created by Coinbase and Circle in an effort to mimic the traditional financial system and open doors for blockchain-related projects.

Why Buy USD Coin?

As a stablecoin pegged to the price of the U.S. Dollar, USDC offers an opportunity to reduce exposure to the volatility seen in the price of nearly all cryptocurrencies. Given its price stability, USDC can also potentially be an excellent spending currency which people can use to buy goods and services from sellers who accept it as a form of payment. USD Coin’s largest advantage comes from its replacement of fiat currencies within the crypto ecosystem which can be slow and expensive. USDC can be transferred at all times and is much quicker to send than traditional currencies. Settlement often occurs within seconds, and bundled with low transaction costs; USDC is a cost and time-efficient coin to use within the crypto ecosystem.

How does USDC stay stable?

Known as a fully-reserved stablecoin, every digital dollar of USDC on the internet is allegedly 100% backed by cash and short-term U.S. treasuries so that it’s always redeemable 1:1 for U.S. dollars.

What Can You Do With USDC?

Given USD Coin’s stability pegged to the U.S. dollar, it could be a great currency to use when purchasing goods and services. USDC can also serve as a base currency on crypto exchanges, making it simple to buy and sell assets in the crypto market. Additionally, purchasing USDC opens up opportunities to earn passive income. One product known as Circle Yield enables holders of USDC to lend out their holdings and earn yield. Although there is an inherent risk in the lending space, Circle is deeply intertwined with USDC as a founder and manager, making the Circle Yield product one with arguably a strong reputation within the crypto space.

How Much USDC Can I Buy?

USDC, like other cryptocurrencies, is highly divisible. You can buy a whole USDC token or fractions of it. When opting to buy USDC, using a platform like Netcoins allows you to buy whatever dollar amount of USDC you would like. Several options are available to fit your investing strategy, whether it be buying a single token, several tokens, or fractions of a token. Buying USDC in regular intervals (like days, weeks or months) is known as dollar-cost averaging and can be a great way to build a position. All of these options are available on Netcoins, a publicly-owned, fully regulated cryptocurrency trading platform.

What are Stablecoins?

Stablecoins provide a bridge between the world of crypto and traditional fiat as their prices are pegged to currencies/assets like the U.S. dollar or the price of gold. The significant reduction in volatility makes stablecoins an interesting form of digital money that can potentially work well with everything. Whether it be day-to-day transactions to making transfers on exchanges, stablecoins provide the best of both worlds carrying the benefits of crypto technology and the stability seen in most fiat currencies. This is why the stablecoin market has seen billions of dollars in inflows as one of the best and most popular ways to store and trade value within the crypto ecosystem.

FAQs

WHY BUY USDC?

As a stablecoin pegged to the price of the U.S. Dollar, USDC offers an opportunity to reduce exposure to the volatility seen in the price of nearly all cryptocurrencies. Given its price stability, USDC can also potentially be an excellent spending currency which people can use to buy goods and services from sellers who accept it as a form of payment. Now that you know a little more about how to buy USDC and why it may be a good investment, trust Netcoins to help you. We make it easy to buy USDC so that you can buy as much as you like – or as little as $10 – in a quick and easy way. Contact us if you need support.

WHY IS KYC (VERIFICATION) REQUIRED?

Netcoins USA is a member of FinCEN, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.

WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?

You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in the US.

HOW CAN I FUND MY ACCOUNT?

Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy USDC in America.

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