USDC is a stable and reliable way to enter the stablecoin market. This popular stablecoin, issued by Circle, is fully backed by US dollars in order to maintain a consistent value of $1 USD. This stability makes USDC a great option for those who want to avoid the price fluctuations of other cryptocurrencies. Follow this guide to learn how to purchase USDC on Crypto.com, a secure, popular, and user-friendly exchange.
Why buy USDC?
If you’re looking for a versatile and efficient dollar-backed digital asset, USDC offers a range of practical solutions. Here's a closer look at what you can do with USDC:
Send: Send money quickly and affordably with USDC, whether it's for personal transfers, international remittances, or charitable donations. The speed and low cost of USDC make it a more efficient alternative to traditional methods of sending money, especially in regions with limited banking access.
Spend: You can easily spend USDC at a wide variety of merchants, both online and offline. USDC’s stability and integration with different payment platforms provide a seamless payment experience for consumers and businesses.
Save: Even if you don't have a traditional bank account, USDC enables most people with an internet-connected device to save dollar-backed money in a digital wallet, such as Phantom or Metamask.
Trade: USDC plays a vital role in the decentralized finance (DeFi) ecosystem, serving as a stable medium of exchange for all kinds of decentralized financial services — including lending, borrowing, and trading digital assets. Keep in mind that it's important to be aware of the associated risks and regulatory considerations of participating in DeFi.
Why buy USDC on Crypto.com?
Crypto.com offers a wide range of services including a crypto exchange, payment solutions, crypto-backed debit cards, staking, lending, borrowing, NFT marketplace, DeFi services, and both custodial and self-custody crypto storage options. This extensive suite allows you to manage virtually all your crypto needs within a single platform. Among all these features and services, Crypto.com also has a healthy market for trading USDC. Crypto.com’s diverse product offerings make it a compelling platform for those wanting to purchase and use USDC, as well as explore a wide variety of other features on one centralized hub.
Step-by-step guide to buying USDC on Crypto.com
- Create a Crypto.com account: Download the Crypto.com app or visit their website and create an account. Provide your email address and create a secure password. Complete the necessary identity verification processes.
- Deposit funds: Go to the "Accounts" tab and select "Fiat Wallet." Choose your preferred deposit method (Crypto.com supports Apple and Google Pay, bank transfers, credit/debit cards, and crypto transfers). Follow the instructions to deposit funds into your Crypto.com account.
- Buy USDC: Navigate to the "Trade" tab and select "Buy." Search for "USDC" and choose the USDC/USD or USDC/EUR trading pair if purchasing with fiat, or another suitable trading pair if trading with another cryptocurrency.
- Enter purchase amount: Specify the amount of fiat currency you want to spend on USDC or the amount of USDC you want to buy.
- Confirm the transaction: Review the order details, including the exchange rate and any relevant fees. Complete the purchase of USDC by confirming the transaction.
Storing and using USDC on Crypto.com
Crypto.com provides a multi-currency digital wallet within its app to store your USDC. You can use this wallet to manage your USDC, exchange it for other cryptocurrencies, or utilize it with the Crypto.com Visa card to spend your USDC at various merchants worldwide. Crypto.com also offers a self-custody wallet that allows you to connect to decentralized applications (dApps) including DeFi protocols.
Crypto.com fees and considerations
Crypto.com uses a “maker-taker” fee model for USDC trades, with fees tiered based on your 30-day trading volume and CRO staking levels. (CRO is the native cryptocurrency of the Cronos blockchain, and serves as the utility token for the Crypto.com platform.) Higher trading volumes and staking higher levels of CRO can lead to significant fee discounts. Be aware of potential spread costs and consider these factors when evaluating your overall trading costs.
Buying USDC on Crypto.com
Crypto.com provides a comprehensive ecosystem where you can buy, sell, and utilize USDC across various services, including trading, DeFi, and even spending with their Visa card. Follow the steps outlined above to acquire USDC on Crypto.com and integrate it into a dynamic suite of crypto-related functionalities.
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 Coinhako
- 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