USDC is a popular stablecoin issued by Circle, a leading digital asset and financial services company. USDC’s value is pegged to the US dollar and fully backed by cash and highly liquid cash equivalents such as short-term US Treasuries, making USDC a helpful option for those wanting to avoid the volatility common in other cryptocurrencies.
This guide will walk you through the process of buying USDC on Lemon, one of the largest crypto exchanges in Latin America.
Why buy USDC?
USDC has a wide range of practical uses.
Send: USDC transfers settle almost instantly and for fractions of a penny. This is especially beneficial for cross-border payments and for individuals in regions with limited access to traditional banking. Lemon also allows users to open an account that converts US dollar deposits to USDC through funds transferred from personal accounts, making it easy to access domestic and international wire transfers.
Spend: USDC is accepted by a growing number of merchants around the world, making it a convenient way to pay for goods and services both online and in person. With Lemon, you also have the option to pay for more than 5,000 services with your USDC, including electricity, gas, phone, and college bills, directly from the app.
Save: Whether or not you have access to a traditional bank account, you can save your money securely with USDC. Its stable value relative to the US dollar and accessibility through digital wallets ensure users are able to hold and manage their own money in more than 180 countries around the world.
Trade: USDC is important to the decentralized finance (DeFi) ecosystem, providing a stable medium of exchange for activities such as borrowing, lending, investing and trading. Always do your own research around security and reliability when transacting in the DeFi space.
Why buy USDC on Lemon?
Lemon focuses on serving consumers in Latin America, with a streamlined app that allows users to easily buy and send USDC. Their platform’s mobile accessibility makes them a convenient option for those new to crypto, as well as those looking for a straightforward remittance and peer-to-peer payment system.
Step-by-step guide to buying USDC on Lemon
- Download the Lemon app: Download the Lemon app from the App Store (iOS) or Google Play Store (Android).
- Create an account: Open the app and create an account. You'll need to provide your personal information and verify your identity.
- Fund your account: Lemon offers various funding methods, including bank transfers and cash deposits at participating locations. Choose your preferred method and follow the instructions to add funds to your Lemon account in your local currency (e.g., Argentine Pesos).
- Buy USDC: In the Lemon app, navigate to the "Buy and Sell" section and select "USDC." Enter your purchase amount (minimum of $100), review your transaction details, and complete your purchase.
Storing and using USDC on Lemon
Lemon stores your purchased USDC within your Lemon account wallet. You can use the Lemon app to manage your USDC balance, exchange it for other digital assets, send it to other Lemon users, or transfer to an external wallet.
Lemon fees and considerations
Lemon's fees for buying USDC are typically included in the offered exchange rate, but be aware that using USDC for payment through Lemon’s platform can generate a 0.5% commission expense. There may also be fees for specific deposit or withdrawal methods. You can review the details within the Lemon app before confirming your USDC purchase to understand any associated costs.
Buying USDC on Lemon
Lemon is a convenient mobile-first approach to buying USDC, making it accessible to users in Latin America looking to use a highly intuitive platform.
By following the steps outlined above, you can quickly and easily acquire USDC on Lemon and see what you can do with the world’s digital dollar.
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 DolarApp
- How to buy USDC on Kraken
- 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