As a stablecoin, USDC maintains a value of $1 at all times, and each coin is backed by a US dollar in a separate bank account. The USD Coin offers the benefits of cryptocurrencies without the risks of price volatility. It is currently the fourth largest cryptocurrency by market cap, after BTC, ETH, and Tether. For that reason, most serious crypto exchanges accept USDC for deposits. Find
There are 31 crypto trading sites supporting USD Coin and 22 crypto casinos which support USD Coin as deposit method as seen in the toplists below.
Top 20 sites for buying, selling and trading crypto with USD Coin (USDC)
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through USDC. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
Top 22 casinos with support for USDC
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through USDC. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
Go directly to
- 1 Top 20 sites for buying, selling and trading crypto with USD Coin (USDC)
- 2 Top 22 casinos with support for USDC
- 2.1 Summary
- 2.2 Advantages
- 2.3 Disadvantages
- 2.4 What is USD Coin (USDC)?
- 2.5 USDC Costs
- 2.6 Transaction speed for USDC
- 2.7 USD Coin (USDC) Deposits: How to do it?
- 2.8 Which are the main countries where USD Coin (USDC) is used?
- 2.9 Can you withdraw with USD Coin (USDC)?
- 2.10 Reputation of USD Coin (USDC)
- 2.11 USD Coin (USDC) FAQ
Summary
USD Coin is one of the most reputable stablecoins as it offers high levels of transparency. The coin is backed by actual US dollars, so there is no risk of price volatility. At any given time, you can trade USDC at $1. Since it ranks as one of the biggest cryptocurrencies, there are many crypto sites that accept USDC.
Advantages
+Its price is stable.
+The coin has a lot of liquidity.
+Its backed by Circle’s assets, so users are assured of price stability.
+It runs on Ethereum, one of the largest blockchains.
+USDC is compatible with many blockchains.
Disadvantages
-Regulation of the crypto sector may affect the coin.
-It doesn’t have the potential for price appreciation.
-Transaction fees may be very high.
-The coin isn’t immune to inflation of the US dollar.
-USDC has to work with a third party.
What is USD Coin (USDC)?
USDC runs on the Ethereum blockchain, so when using it as a funding method, you will have to hold ETH to pay transfer fees. The coin is an open-source protocol, so anyone can use it to make payments. Although USDC ranks lower than Tether, it offers some unique advantages. For example, it is highly transparent as it is audited by the US accounting firm Grant Thorton LLP. This company issues monthly attestations on the reserves backing the coin.
USDC Costs
USDC works on the Ethereum blockchain, and its transfer fees have to be paid in ETH. The charges vary depending on the state of the blockchain, but they average at around $20. You should note that this cryptocurrency is compatible with many other networks, and you can get lower transfer fees on these blockchains. For example, Solana requires a transaction fee of $0.00025.
Transaction speed for USDC
USDC transactions take between 5 and 20 minutes. Since the coin is compatible with many other blockchains, you can lower the transfer speeds by using other networks. For example, Algorand-based USDC transactions can be completed within 5 seconds, and Avalanche-based transfers can take 2 seconds.
USD Coin (USDC) Deposits: How to do it?
1. Add your login details on the crypto exchange site
2. Go to the payment section of the website
3. Select USDC from the list of deposit methods
4. Enter the deposit amount and confirm the transfers
5. Complete the transaction with a verification method
Which are the main countries where USD Coin (USDC) is used?
This funding method is used in many countries around the world, and it is especially popular in states that have high inflation levels. Some places where the coin is used include Costa Rica, the USA, Mexico, and Guatemala. It can’t be used in countries where cryptocurrencies are banned, and these include China and North Korea.
Can you withdraw with USD Coin (USDC)?
Yes, you can make withdrawals using USDC. This coin is extremely popular, so many crypto exchanges accept it as a withdrawal method.
Reputation of USD Coin (USDC)
USDC is among the most reputable stablecoins as it is audited by a trusted firm. It was developed by Coinbase and Circle, two companies that are known for their high ethical standards. On Twitter, Circle has more than 93,000 followers, and most discussions on the stablecoin are held on this social media platform. The main alternative to USDC is Tether.
USD Coin (USDC) FAQ
Below are some of the most frequently asked questions we get about this stablecoin.
Is it safe to use USD Coin (USDC) for cryptocurrencies?
Yes, this stablecoin is extremely safe to use as it is backed by actual assets. However, you need to be careful when making transactions as these cannot be reversed by any organization. Also, avoid clicking links on your email as these may be phishing attempts.
How do I set up USD Coin (USDC)?
To set up USDC, you will have to first get a crypto exchange. You can then purchase USD Coins on crypto exchanges like Binance, and these can then be used to make deposits and withdrawals.
Is USD Coin (USDC) instant?
The transaction speed of USDC depends on the blockchain you use. If you use scalable networks like Solana and Avalanche, the transfers will be completed instantly.
When was USD Coin (USDC) founded?
This cryptocurrency was founded in 2018 by Circle and Coinbase.
Where is the mother company based?
Circle is based in Boston, and Coinbase Global has its main offices in San Francisco.
Does USD Coin (USDC) only work on Apple devices?
You can make crypto deposits with USDC on Apple devices, but this deposit method isn’t just limited to iPhones and iPads. It also works on Android and Windows devices.