If you’re looking to purchase a digital asset that can serve as a stable store of value and medium of exchange, USDC should be high on your list of consideration. Issued by Circle, a leading digital asset and financial services company, USDC is a widely used digital dollar by both crypto enthusiasts and beginners alike because it is pegged to the US dollar and fully backed by cash and highly liquid cash equivalents such as short-term US Treasuries. This allows USDC’s value to remain stable at a 1:1 ratio to the US dollar, making it a great option for those who want to explore the digital asset economy without the price fluctuations often associated with the space.
This guide will walk you through how to purchase USDC on DolarApp, a secure, mobile-first exchange that focuses on serving users in Latin America.
Why buy USDC?
USDC is a digital dollar that has a variety of practical applications. Here are some important ways you can benefit from USDC:
Send USDC: USDC empowers you to send money affordably and almost instantly no matter how far your digital dollars travel. This is particularly valuable for international remittances and for those in areas with limited access to traditional banking services.
Spend USDC: Pay for goods and services seamlessly with USDC at the growing number of merchants worldwide accepting digital currencies.
Save USDC: USDC provides a secure and accessible way to save money for people in over 180 countries around the world. Its dollar-pegged value gives those who have USDC a way to hold a stable store of value amidst market volatility, regardless of whether or not they have access to a bank account.
Trade USDC: USDC acts as a stable medium of exchange, which is crucial for its lending, borrowing, and trading power, especially in the world of decentralized finance (DeFi). Always do your own research before engaging with any financial product or service, in both the traditional finance or digital asset space.
Why buy USDC on DolarApp?
DolarApp focuses on providing easy access to US dollar-denominated assets, including USDC, for users in Latin America. The platform aims to simplify the process for those looking to send remittances or hedge against broader market volatility by using stablecoins like USDC.
Step-by-step guide to buying USDC on DolarApp
- Download and register: Download DolarApp from the App Store (iOS) or Google Play Store (Android). Create an account by providing your personal information and verifying your identity.
- Link your payment method: Connect your payment method of choice, like a bank account, to your DolarApp account.
- Deposit funds: Initiate a transfer from your linked payment method to your DolarApp account in your local currency.
- Buy USDC: Once the funds are reflected in your DolarApp account, navigate to the "Buy USDC" section, specify your transaction details, and complete your purchase.
Storing and using USDC on DolarApp
DolarApp provides a built-in wallet where your USDC becomes stored directly after purchase. From your DolarApp account, you can easily send USDC to other DolarApp users, withdraw it to an external wallet, or use it for cross-border transactions and remittances.
DolarApp fees and considerations
DolarApp does not charge fees for buying digital dollars through transfers in pesos or sending and receiving digital dollars from your friends on DolarApp, but there may be some charges associated with sending and receiving payments from the US. It’s important to be aware of associated fees with your specific transaction details and how they may impact the overall cost of using your USDC. DolarApp may also charge fees for certain deposit or withdrawal methods. Make sure to do your own research before transacting on any financial services platform.
Buying USDC on DolarApp
DolarApp is a user-friendly solution for acquiring USDC, particularly for users in Latin America seeking access to dollar-denominated assets. By following the steps outlined above, you can easily buy USDC on DolarApp and use it to transact across borders or save it as a stable store of value.
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 Crypto.com
- 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