USDC is a stablecoin backed 1:1 by cash and highly liquid cash equivalents such as short-term US Treasuries, which allow it to maintain a steady value of $1 USD.
Issued by Circle, a regulation-forward financial services company, USDC’s design offers a reliable entry point into the world of digital currencies by mitigating the volatility often seen in cryptocurrency markets.
This guide will walk you through the process of buying USDC on Coinhako, a secure and user-friendly cryptocurrency exchange based in Singapore.
Why buy USDC?
USDC offers a wide array of practical uses. Here’s how it can improve your financial experience:
Send USDC: Transferring money with USDC is fast, affordable, and efficient. USDC is particularly helpful for cross-border payments and empowering individuals in regions with limited access to traditional banking.
Spend USDC: USDC is accepted by a growing number of merchants, making it a convenient way to pay for goods and services both online and in person. Its seamless integration with payment platforms makes it a great choice for people and businesses alike.
Save USDC: Save your money securely in over 180 countries with USDC, even if you don’t have access to a traditional bank account. Its stable value and accessibility through digital wallets promote financial inclusion and offer a reliable saving option.
Trade USDC: USDC is a crucial component of the decentralized finance (DeFi) ecosystem, providing a reliable medium of exchange for various on-chain activities. USDC’s stability reduces volatility for DeFi participants, but it's important to be aware of the potential risks and evolving regulations in the DeFi space.
Why buy USDC on Coinhako?
Based in Singapore, Coinhako offers a user-friendly platform specifically designed for Asian markets. Their focus on providing localized services and support makes them a great option for users in the region who want to buy USDC with a platform that understands their needs.
Step-by-step guide to buying USDC on Coinhako
- Sign up and verify: Visit Coinhako.com and create an account. Provide your email address and create a strong password. Complete the verification process by submitting the required identification documents.
- Add funds: Go to the "Wallet" section and select "Deposit." Choose your preferred deposit method (e.g., bank transfer, debit/credit card, or GrabPay) and follow the instructions to deposit funds into your Coinhako account.
- Select USDC: Navigate to the "Trade" section and search for "USDC." Select the desired USDC trading pair (e.g., USDC/SGD).
- Enter order information: Specify the amount of SGD or other supported currency you want to spend on USDC, or the amount of USDC you want to buy.
- Confirm the order: Review the transaction details, including the exchange rate and any fees. Confirm the order to complete your USDC purchase.
Storing and using USDC on Coinhako
Coinhako offers a built-in wallet to store your USDC. You can leave your USDC in your Coinhako wallet for convenient trading and management or withdraw it to an external wallet for more direct control over your assets.
Coinhako fees and considerations
Coinhako charges a trading fee for buying USDC, which is calculated as a percentage of the transaction value. Deposit and withdrawal fees may also apply depending on the method used. Review Coinhako's fee schedule to understand the costs associated with your USDC purchase and any subsequent transactions.
Buying USDC on Coinhako
Coinhako provides a dedicated platform for users in Asia to easily purchase USDC and other cryptocurrencies. With its focus on localized services and user experience, Coinhako makes the process of acquiring USDC easy, allowing you to explore the benefits of stablecoins within a platform designed for your region.
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 Bitso
- How to buy USDC on Bitstamp
- How to buy USDC on Bybit
- How to buy USDC on Coinbase
- 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