How to Buy USDC on Ripio

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USDC is a widely used stablecoin that offers a stable and secure way for users to get started holding and trading cryptocurrencies. Issued by Circle, each USDC token is backed by reserves held in regulated financial institutions. This keeps the value of USDC tied to the US dollar, and means that USDC is 1:1 redeemable for US dollars — making it an attractive option for those seeking to avoid the volatility of other cryptocurrencies.

Why buy USDC?

USDC is a digital dollar that offers a variety of practical use cases. Here are some ways USDC can be used every day:

Send: Need to send money quickly and affordably? USDC facilitates efficient transfers locally or across the globe. It's particularly beneficial for cross-border payments because it doesn’t rely on traditional banking infrastructure or incur costs from international wire transfers. USDC transactions also settle near instantly at any hour of any day.

Spend: USDC is accepted by hundreds of merchants, allowing you to use it for everyday purchases. Major VPN provider ExpressVPN enables its users to pay with USDC, as does leading computer hardware retailer Newegg and software conglomerate Microsoft — just to name a few examples.

Save: USDC provides people around the world with a way to securely purchase and save a dollar-denominated digital asset. You do not need a traditional bank account; you can simply create a crypto wallet or account on a centralized cryptocurrency exchange to hold USDC.

Trade: USDC is a stable medium of exchange in the decentralized finance (DeFi) ecosystem and is commonly used for lending, borrowing, and trading. It is listed on over 100 crypto exchanges, making it easy to trade on multiple platforms for various other digital assets.

What is Ripio?

Ripio is a financial technology company based in Argentina, focused on providing a range of cryptocurrency-related services. Founded in 2013, Ripio aims to facilitate the adoption of cryptocurrencies in Latin America by offering various products and services that make it easier for users to access and utilize digital currencies.

Key features of Ripio:

Cryptocurrency exchange: Users can buy, sell, and trade various cryptocurrencies including USDC, BTC, and ETH.
Digital wallet: Ripio provides users with a digital wallet so they can securely store cryptocurrencies and digital assets.
Crypto-as-a-Service (CaaS): Ripio provides businesses with secure, scalable, and certified infrastructure they can use to integrate crypto solutions for their users.
Over-the-counter (OTC) trading: Ripio offers services for large volume transactions, catering to institutional and high-net-worth clients.
Visa crypto card: Ripio offers a Visa card that allows users to make payments using the assets in their Ripio account and to earn rewards from their spending.

Ripio’s mission is to make cryptocurrency accessible and user-friendly for people in Latin America, promoting financial inclusion and the adoption of digital currencies. Ripio aims to comply with local regulations and works to ensure that its practices align with best industry standards, contributing to a safer and more reliable crypto ecosystem.

Why buy USDC on Ripio?

Focused on the Latin American market, Ripio provides a comprehensive platform for buying, selling, and using cryptocurrencies like USDC. Ripio offers educational resources and a user-friendly interface, helping newcomers to enter the crypto space.

Step-by-step guide to buying USDC on Ripio

Download the Ripio app or visit the website: Download the Ripio app from the Apple App Store or Google Play Store, or visit Ripio’s website.
Create a Ripio Account: Sign up for an account by providing your personal information and verifying your identity. The platform requires you to enter your name, phone number, and location, as well as supply a form of government-issued identification.
Fund Your Account: Ripio offers different funding methods depending on your location. These may include bank transfers, cash deposits at participating locations, and PIX payments for users who live in Brazil. Choose your preferred method and follow the instructions to deposit funds in your local currency (e.g., Argentine pesos).
Buy USDC: In the Ripio app or website, navigate to the "Cotizaciones" or “Cryptocurrencies” section and find "USDC."
Enter purchase amount: Enter the amount of fiat currency you want to spend on USDC or the amount of USDC you would like to purchase. If you choose to enter the amount of your local currency, Ripio will calculate the conversion for you before you confirm your purchase.
Confirm the purchase: Review the transaction details, including the exchange rate and any fees. If everything looks correct, confirm the purchase to complete the transaction. Your USDC will then appear in your Ripio account once the transaction has finished processing.

Storing and using USDC on Ripio

Ripio provides its users with a built-in wallet where USDC is stored after purchase. You can use your Ripio wallet to manage your USDC balance, send it to other Ripio users, or withdraw it to an external self-custody wallet (such as Phantom or Metamask). Ripio also offers educational resources and has integrated with some DeFi protocols such as Aave, Yearn, and Compound. It also offers a Visa card that users can use to make USDC payments.

Ripio fees and considerations

Ripio's fees for buying USDC are generally included in the exchange rate offered, and are based on transaction volume. It uses a maker-taker model with trading volume incentives based on the last 30 days of trading activity. Review the details before confirming your USDC purchase to understand any associated costs.

Buying USDC on Ripio

Ripio offers a user-friendly platform with educational resources, making it a suitable choice for those new to crypto in Latin America who want to buy USDC. By following the steps outlined, you can easily acquire USDC on Ripio and start holding and using the dollar-denominated stablecoin as you wish. Log into your Ripio account or create one to get started today.

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:

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