USD Coin (USDC) – What is it, how to buy, price chart

What is USDC:

USDC (BTC) is a cryptocurrency stablecoin, holding the value of the US dollar. Its issuer and operator is the US company Circle. It is the second most widely used stablecoin with a market capitalization of over 700 billion crowns. It is Circle that ensures that for every 1 USDC there is 1 US dollar that it holds in custody. USDC operates on the Ethereum network as an ERC-20 token.

Why buy USDC?

• Getting out of volatility: to move your cryptocurrency into a less volatile cryptocurrency.
• Capital Preparation: Buying with stablecoin is faster than via bank transfer. So you can prepare USDC for a quick investment opportunity.
• Stability: USDC was founded in 2018 and has withstood the crashes of major companies like Tera Luna, FTX and others. It is therefore time-tested.
• Ease of transferability: USDC can be easily moved around cryptocurrency exchanges around the world.

Investing in USDC:

Investing in USDC doesn’t make much sense, given that it replicates the price of the US dollar, which has been depreciating in price for a long time. USDC is useful as a tool for a quick “exit” from the cryptos and its volatility and possibly a quick return. It is more of a trading tool than an investment asset.

Buying and selling USDC:

USDC can be purchased for Czech crowns by convenient bank transfer at the Simplecoin exchange.

What I need to buy USDC

A USDC wallet is required to hold (store) USDC. This will give you control over your USDC and no one can confiscate it from you as long as you have a backup for the wallet.

We can recommend the Coinomi wallet, which can be downloaded to iOS, Android and PC via the official site here.

How to buy USDC

To buy USDC at Simplecoin exchange you only need a USDC wallet. You can then buy up to 200 Euros in 10 days anonymously without registration. For a higher investment you need to upload two IDs. Details can be found here.

More information about USDC:

Website: https://www.circle.com/en/usdc

Wikipedia: https://en.wikipedia.org/wiki/USD_Coin

Block Explorer: https://blockchair.com/usd-coin

A signpost to other cryptocurrencies:

• Bitcoin (BTC) 
• Ethereum (ETH)
• Litecoin (LTC) 
• Dogecoin (DOGE) 
• Ripple (XRP)
• Bitcoin Cash (BCH) 
• USD Coin (USDC) 
• Zcash (ZEC)

Important Notice:

This page is for informational purposes only and does not constitute investment advice. Investing in cryptocurrencies is risky and you should consider the risks before embarking on any investment.