USDC is a leading stablecoin whose value is linked 1:1 to the U.S. dollar. Issued by Circle, each USDC token is backed by cash and cash equivalent reserves held in regulated financial institutions, ensuring a consistent value amidst the broader volatility in the crypto markets. This stability makes USDC a reliable option for those looking for a stable store of value to send, spend, save or trade digital dollars around the world.
This guide provides a step-by-step walkthrough of how to buy USDC on Nubank, a user-friendly and secure financial services platform headquartered in Brazil.
Why buy USDC?
USDC is a digital dollar with a wide range of uses. Consider the benefits of what you can do when deciding if USDC is right for you:
Send: Send money across borders or to friends and family quickly and affordably. USDC streamlines transfers, especially for those in regions with limited access to traditional banking systems.
Spend: Use USDC to pay for goods and services online and in stores. Its stability and widespread acceptance make it a convenient payment option for both personal and business transactions.
Save: USDC provides a secure and accessible way to save, regardless of your access to traditional banking services. Paired with a digital wallet for convenient fund storage and management, USDC keeps the value of your savings stable relative to the US dollar.
Trade: For those looking to transact in the realm of decentralized finance (DeFi), USDC offers a stable medium of exchange that reduces volatility when trading digital assets. Make sure to do your own research and be mindful of any relevant regulations and associated risks when trading USDC.
Why buy USDC on Nubank?
For users in Latin America, Nubank offers a convenient and familiar way to enter the world of digital assets, including with USDC. As a leading fintech company in the region, Nubank provides a seamless integration of cryptocurrency into its existing platform, making it easy for its customers to diversify their portfolios with digital assets like USDC.
Step-by-step guide to buying USDC on Nubank
Follow these steps to buy USDC on Nubank:
- Access the crypto section: Open the Nubank app and locate the "Crypto" section.
- Enable crypto trading: Follow the prompts to enable cryptocurrency trading on your Nubank account. This may involve agreeing to terms and conditions and providing additional information.
- Select USDC: Choose USDC from the list of available cryptocurrencies.
- Enter purchase amount: Specify the amount of Brazilian Real (BRL) you want to spend on your USDC purchase.
- Confirm the transaction: Review the details of your purchase, including the estimated amount of USDC you'll receive and any associated fees. Confirm the transaction to complete your USDC purchase.
Storing and using USDC on Nubank
USDC purchased on Nubank is stored directly within your Nubank account, providing a seamless and integrated experience. You can store USDC directly in your Nubank account, or transfer it to an external self-custody wallet for direct control over your assets and the ability to connect to decentralized apps (dApps).
Nubank fees and considerations
Nubank aims to make cryptocurrency investing accessible with a simple fee structure that takes into account your 30-day trading history and offers lower fees for higher trading volume. They charge a percentage fee on each USDC transaction, which is clearly displayed before you confirm your purchase. Read Nubank’s fee information carefully and stay informed about any potential changes to their fee schedule when transacting on their platform.
Buying USDC on Nubank
Nubank simplifies the process of buying USDC for over 100 million customers in Brazil and around the world, bringing the world of digital assets to its users in a familiar and accessible way. As Nubank continues to expand its crypto offerings, purchasing USDC through their platform provides a convenient entry point for those seeking to diversify their portfolios with digital assets.
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 Lemon
- How to buy USDC on Mercado Bitcoin
- How to buy USDC on Moneygram
- 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