Getting started with stablecoins? USDC is a popular choice among crypto enthusiasts. Issued by Circle, USDC is a fully reserved stablecoin that’s backed 1:1 to the US dollar, meaning it maintains a stable value of $1 USD. USDC offers the benefits of internet-scale digital money powered by blockchain technology, minus the price fluctuations you’d expect from other digital currencies. This guide demonstrates how to purchase USDC on Bitso, a secure and user-friendly crypto exchange that specifically caters to Latin America and has a strong user base in Mexico, Argentina, Brazil, and Colombia.
Why buy USDC?
USDC offers users more financial flexibility, and a wide range of practical applications. Here's how USDC can benefit you:
Send: USDC empowers you to send money quickly and affordably in over 180 countries worldwide. This is particularly valuable for international remittances and for users in areas with limited access to traditional banking services.
Spend: Use USDC to seamlessly pay for goods and services. USDC is accepted by a growing number of merchants, both online and offline, making it a convenient payment solution for everyday use.
Save: USDC provides a secure and accessible way to save money, regardless of your access to traditional banking infrastructure. Its dollar-backed value ensures stability, and its compatibility with digital wallets promotes financial inclusion.
Trade: In the world of decentralized finance (DeFi), USDC acts as a stable medium of exchange. This stability is crucial for lending, borrowing, and trading digital assets, among other DeFi applications. But remember to be aware of the potential risks and regulations associated with DeFi.
Why buy USDC on Bitso?
As one of the largest cryptocurrency exchanges in Latin America, Bitso provides a strong platform for buying USDC with a focus on financial inclusion. Bitso offers language localization in both Spanish and Portuguese, and supports trading pairs with several Latin American fiat currencies such as the Mexican Peso (MXN), Argentine Peso (ARS), Brazilian Real (BRL), and Colombian Peso (COP).
Bitso’s mission is to make crypto accessible to everyone, which aligns with the ease of use and stability that USDC offers, making it a great choice for users in Latin America looking to enter and participate in the crypto market.
Step-by-step guide to buying USDC on Bitso
- Create a Bitso account: Visit Bitso.com and sign up for an account. Provide your personal information and complete the identity verification process as required.
- Fund your account: Go to Bitso’s "Wallet" section and select "Deposit." Choose your preferred deposit method (e.g., bank transfer or SPEI transfer). Follow the instructions to add funds to your Bitso account.
- Find USDC: In the Bitso app or website, locate the "USDC" market or search for USDC in the list of available cryptocurrencies.
- Enter purchase details: Specify the amount you want to spend on USDC.
- Confirm the purchase: Review the transaction details, including the exchange rate and any applicable fees. Confirm the purchase to complete the transaction.
Storing and using USDC on Bitso
Bitso provides a secure wallet to store your USDC after purchase. Assets stored in your custodial Bitso account may also be eligible for “Bitso Earnings,” an optional offering to earn rewards on the platform. Bitso offers a prepaid debit card in Mexico and Brazil that enables users to spend supported assets where Mastercard is accepted.
You can keep your USDC within your custodial Bitso account for easy trading, or withdraw it to Bitso’s “Web3 Wallet” (or another self-custody wallet) for more direct control over your assets. Bitso also provides an advanced trading platform, “Bitso Alpha,” complete with advanced trading tools, charts, and features like limit and stop orders that cater to more experienced traders.
Bitso fees and considerations
Bitso's fees for buying USDC vary based on the payment method you choose and the transaction amount. Bitso strives to offer competitive rates, but it's important to always carefully review the fee details before completing your purchase. Also be aware of potential network fees (i.e., gas fees) when transferring USDC on or off the Bitso platform.
Buying USDC on Bitso
Bitso offers a user-friendly platform tailored to the Latin American market, making it a convenient option for acquiring USDC in the region. By following the steps outlined in this guide, you can easily buy USDC on Bitso and participate in the growing crypto economy, whether for personal finance, remittances, or exploring the potential of DeFi.
Learn how to buy USDC on other leading digital asset platforms
The world’s trusted digital dollar is widely available on top marketplaces around the globe:
- How to buy USDC on Binance
- How to buy USDC on Bitstamp
- How to buy USDC on Bybit
- How to buy USDC on Coinbase
- How to buy USDC on Coinhako
- How to buy USDC on Crypto.com
- How to buy USDC on DolarApp
- How to buy USDC on Kraken
- How to buy USDC on Lemon
- How to buy USDC on Mercado Bitcoin
- How to buy USDC on Moneygram
- How to buy USDC on Nubank
- How to buy USDC on OKX
- How to buy USDC on Ripio
- How to buy USDC on Robinhood
- How to buy USDC on TruBit
- How to buy USDC on VALR