Buy USDC Coin with TheJingStock
What is USDC?
USD Coin (USDC) is a stablecoin – a type of cryptocurrency that has a fixed price. As you can tell by its name, its price is pegged to the US dollar, which means you can always buy 1 USD Coin for US$1.00. USDC crypto is issued by Circle, a fintech startup, and uses the Ethereum blockchain for all transactions.
The entire supply of purchased USDC tokens is backed by real-world assets. Each time you buy USDC with USD, the corresponding amount of money is transferred to the issuer’s bank account. These accounts are insured by FDIC and regularly audited by recognized financial institutions. This combination of transparency and technical sophistication makes it easy to:
- Buy USDC coin on exchanges
- Use USDC instead of fiat for trading
- Use it as a payment option online
- Store it in USDC wallet and gain rewards
Because it’s a stablecoin, the USDC to USD rate always stays the same, so you won’t be able to buy USDC low and sell high later. However, you can benefit from its digital nature – send USDC from any Ethereum-compatible wallet and enjoy transparent, secure, and nearly-instantaneous transactions.
How To Buy USDC on the OTC Market?
One of the quickest and the most convenient methods to buy USD coin in bulk is over-the-counter, or OTC trading. While less popular than conventional exchanges, it offers several benefits, has fewer limitations, and provides a fully personalized service.
So, how to buy USDC OTC? Once you’ve selected a broker you trust, the first thing you need to do is fill in some details about the deal. Some services will require a registered account while in others you’ll just fill in a form. If you are planning to buy USDC in dollar or other fiat currency, you will also need to provide some verification to comply with the KYC requirements.
Next, the platform’s representative contacts you and lists the available options. Now, if you know anything about OTC trading, you might wonder why buy USDC there if it has a fixed price anyway. Well, since the OTC market specializes in large trades, there’s always a possibility someone has listed a deal their digital dollars at a more attractive price than their usual 1:1 rate. Once you receive an offer you’re happy with, you can seal the deal and receive your coins straight into your crypto wallet.
Where To Buy USD Coin
The goal of Circle, the company behind USDC, was to create an entire industry-grade ecosystem usable by businesses, traders, investors, and regular consumers. Anticipating the question “Where to buy USDC coin?”, they’ve made sure their stablecoin is as widely available as possible by choosing the Ethereum network. Nowadays, there are multiple services where you can buy and send USDC:
- Digital wallets
- Lending and savings services
- Payment platforms
- DeFi protocols
This level of integration is great if you plan to run your own business on this particular stablecoin. For example, exchanges benefit from giving their customers the possibility to buy BTC with USDC. So, if you are wondering where to buy USDC, you can choose from a number of reputable exchanges where the one is listed:
Some of them even promise the lowest fee to buy USDC coins. Note, however, that it may apply when converting from USD to USDC only, and you’ll still have to pay a fee when you decide to withdraw the coins to your crypto wallet. Also, keep in mind that exchanges usually have a cap on the maximum amount of crypto you can buy, so don’t count on bulk USDC buy there.
The Process of Buying USD Coins with TheJingStock
We’ve made sure that your experience on our platform is seamless, safe, and intuitive. Here’s how to buy on TheJingStock using USDC:
- You let us know how much coins you want to buy or sell
- We contact you and confirm the provided information
- We list the best offers to buy USDC coin
- You choose the one you like best or negotiate a better deal if nothing suits you
- The deal is closed, and stablecoins are immediately released to your crypto wallet.
Purchase USDC with Cryptocurrency
As with any other crypto, you can buy USDC for fiat. US dollar seems the best fit simply because it has a convenient 1:1 rate, and the token itself is backed with this currency. However, this is certainly not the only option. In fact, it might be better to buy USD Coin with other cryptocurrencies. On the one hand, you will not have to wait for the banking system to process your transaction, which will shorten the deal from several days to under an hour. Second, unlike fiat, cryptocurrencies charge you almost nothing for using the blockchain, so you can enjoy the lowest fee to buy USDC coins.
Buying USD Coins with Other Payments Methods
If you aren’t ready to part with your coins, find crypto wallets inconvenient, or hold more trust in traditional financial institutions, it’s totally possible to buy USDC using a method of your choice. The most popular methods to date are:
- Bank account
- Debit or credit card
- Wire transfer
A word of warning, though: not all traders support every point on the list, so instead of wondering why can’t you buy USDC coin with USD, consider finding a platform where you can. Also, remember that each of these methods is essentially a middleman, so fees will vary depending on your local policies.
TheJingStock Is the Best USDC Broker
Our OTC trading platform combines the speed and convenience of traditional exchanges with the quality of service and personalization of banking institutions. Here’s why you might want to choose us:
- Easy: Our platform has only the essential features needed to buy USDC to avoid confusion.
- Fast: Fill in a form and receive a call from our client specialist in the shortest time.
- Compliant: All of the purchases are compliant with KYC and regulations of major economic environments.
- Versatile: A variety of options to pay for and receive your coins and communication channels for your convenience.
- Efficient: A large pool of orders means you can always get the best cryptocurrency price on the market.
- Personalized: Clients get a personal specialist that will deliver the service of the highest quality.
- Informative: Our expert will answer every question, from “Which USDC should I buy?” to “What is the best wallet for it?”
Should I Buy USD Coin – FAQS
Сan I Use USDC To Buy Bitcoin?
You can – as a matter of fact, this may be the best way to use your USDC coins. Compared to USD, cryptocurrency is subject to fewer regulations and restrictions – some services will actually let you trade USD coin for Bitcoin without going through the verification process. USDC is also much more convenient to use than fiat – it’s lightning-speed fast and works with most Ethereum-compatible wallets. On top of that, its 1:1 rate means you don’t have to do the conversions to understand how much you are going to spend. So, if you are wondering whether to buy Bitcoin with USD or USDC – just go with the latter.
Can I Use USDC To Buy Altcoins?
Same here – not only can you use USDC to buy altcoins – you’ll fare much better if you do. As with BTC above, the process of buying crypto for crypto is both intuitive and accessible, so you will not have problems with questions like “How do I use USDC to buy litecoin?” In fact, there are lots of exchanges that let you swap coins directly without depositing funds at all. Some of them are geared toward ERC20 and, because USD Coin is an Ethereum token, it will be much easier to buy Ripple for USDC than for fiat.
How Do I Know USD Coin will Hold Its Value?
Circle, the company behind the cryptocurrency, has the entire USDC supply fully collateralized. In simple terms, this means that for every token out there, there’s a US dollar in one of their bank accounts. These accounts are fully transparent and regularly go through audits. So each time you buy USDC, you essentially put the money on these accounts, and as long as it’s there, you can take every dollar back by selling the coins.
Why is a Digital Dollar Beneficial?
Unlike fiat, digital currency is not tied to the economy or legal landscape of a particular country. You can send it to any corner of the world within seconds, use it without a bank account, and buy USDC no fees attached – something that is nearly impossible for traditional financial systems.
What Does it Mean to Be a Programmable Dollar?
USDC is not just a convenient proxy for money – it’s actually a part of the entire ecosystem with numerous possibilities. This allows businesses to add features to their USDC implementations, like donations, crowdfunding, and automated payroll.
Why is USD Coin an Ethereum token?
Ethereum is among the most popular and widespread blockchains for hosting tokens like USDC. This means both high compatibility with existing applications and strong community support when it comes to developing new ones.