How to buy USD Coin (USDC)

What is USD Coin (USDC)?

USD Coin (USDC) is a stablecoin designed to maintain a one-to-one value with the US dollar. Launched in 2018 by Circle and Coinbase under the Centre Consortium, USDC is fully backed by cash reserves and short-term US Treasuries, making it one of the most adopted digital dollar alternatives.

USDC operates on multiple blockchains, including Ethereum, Solana and Polygon. This flexibility allows users to move value across ecosystems without relying on traditional banking hours or borders. Unlike cryptocurrencies such as Bitcoin and Ether, which can be volatile, USDC aims to provide price stability, making it especially useful for payments, remittances and trading.

The coin has become a backbone of decentralised finance (DeFi), powering lending, borrowing and liquidity pools. It’s also widely used for everyday transfers, helping to settle trades quickly.

As of early 2025, USDC is among the top stablecoins by market capitalisation, often competing with Tether (USDT) for dominance. While Bitcoin is often compared to ‘digital gold’ and Ether to ‘digital oil’, USDC functions as a digital dollar, providing stability in an otherwise volatile asset class.

Why do people buy and invest in USD Coin (USDC)?

• Stability – Unlike most cryptocurrencies, USDC is designed to maintain price equivalence to the US dollar, helping reduce volatility and offering a reliable store of value.
• Utility – It’s one of the most widely accepted stablecoins, commonly used for trading, settling transactions in DeFi and making payments.
• Accessibility – USDC can move across multiple blockchains within minutes, making it faster and often cheaper than traditional bank transfers or wire services.
• Transparency – Its issuer, Circle, provides monthly proof of reserves confirmed by a Big Four accounting firm, confirming that every USDC in circulation is backed by equivalent reserves, giving holders confidence in its reliability.

For long-term crypto users, holding USDC provides a way to remain active in the digital asset ecosystem without fully converting back into fiat. For newcomers, it serves as a safer entry point before exploring more volatile cryptocurrencies.

On the Crypto.com App, trusted by over 150 million users, you can buy USD Coin alongside 400+ other cryptocurrencies. The App supports free bank transfer deposits, and you can also buy USDC with a credit card or a debit card for quick funding. With features like recurring buys, you can also automate purchases and steadily build your holdings over time.

How to buy USD Coin (USDC) in 5 steps

1. Choose a crypto exchange

To buy USDC, you’ll need a reliable exchange. Key factors to look for include:

• Ease of use
  Pick an exchange with a clean, intuitive interface that works smoothly on both mobile and desktop. A user-friendly platform makes your first purchase simple and stress-free.
• Security features
  Prioritise safety. Look for exchanges that offer strong encryption, multi-factor authentication (MFA) and compliance with regulatory standards to protect your funds and personal data.
• Fees and rewards
  Compare deposit, withdrawal and trading fees. Some platforms also offer perks like cashback on card spending or additional features when using stablecoins like USDC. Bank transfers are usually the cheapest way to buy USDC.
• Supported features
  Beyond simply buying USDC, check whether the platform allows you to transfer, spend or integrate it with DeFi apps, payments or other services.

How to find the best crypto app

To get started, you can:

• Buy USDC on the Crypto.com App: Beginner-friendly with zero-fee bank transfers.
• Trade USDC on the Crypto.com Exchange: It offers advanced trading features for more active users who want to learn how to trade USDC.

2. Register and verify your account

Create your account with a strong, unique password and enable two-factor authentication (2FA). Most exchanges require identity verification (KYC), which usually involves uploading a government-issued ID such as a passport or driver’s licence. Once approved, your account will be ready for funding.

3. Fund your account

You’ll need to deposit funds before you can get USDC. Funds will be deposited as fiat and can then be converted into USDC. Common common funding options include:

• Bank transfers – Widely supported and typically free.
• Debit or credit cards – Fast and convenient, though fees may be higher.
• Apple Pay or Google Pay – Simple mobile payment methods on supported apps.

4. Buy USDC

With funds available, you can place your order:

• Search for USDC in the app or exchange.
• Enter the amount you want to buy.
• Choose a market order (instant purchase at current price) or a limit order (executed once USDC hits your chosen price).
• Review the details, confirm and complete your purchase.

5. Store USDC

After buying, consider how you’ll store your USDC:

• Hot wallets – exchange or mobile wallets that stay online (convenient, but more exposure to cyber risks).
• Cold wallets – hardware wallets like Ledger or paper wallets that keep your funds offline for stronger protection.
• Multi-chain wallets – since USDC is available on several blockchains, choose a wallet that supports the networks you intend to use.

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Strengths and weaknesses of USD Coin (USDC)

Strengths of USDC

• USDC is designed to maintain price equivalence to the US dollar, which could minimise volatility and provide increased stability compared with most cryptocurrencies.
• It is widely accepted across DeFi platforms, exchanges and payment applications, giving it strong utility and liquidity.
• Circle publishes regular attestations confirming reserves, offering transparency and building confidence among holders.
• Transfers with USDC are fast and low cost, making it useful for remittances and cross-border payments.
• The token works across multiple blockchains, including Ethereum, Solana and Polygon, which adds versatility.

Weaknesses of USDC

• USDC isn’t designed for capital growth, as its value remains stable around one US dollar.
• Regulatory changes globally could affect how it is issued and used.
• It faces competition from other major stablecoins such as Tether (USDT) and DAI.
• Trust in the issuing institutions is required, since USDC depends on Circle to maintain reserves and the dollar peg.

What to know before buying USD Coin (USDC)

Before buying USDC, it’s worth understanding the potential risks. While the USDC price is less volatile than most cryptocurrencies, it still depends on regulatory clarity and ongoing trust in its issuers. Any changes in reserve management or government oversight could influence its adoption.

Storage is another consideration. You can keep USDC in the Crypto.com App wallet for convenience or transfer it to a non-custodial wallet for full control.

To help manage risk, Crypto.com offers price alerts and recurring buys, so you can plan purchases without reacting to market noise.

What affects the price of USD Coin (USDC)?

Unlike other cryptocurrencies, USDC’s price is designed to stay as close to $1 as possible. However, temporary deviations may occur due to:

• Supply and demand imbalances on exchanges.
• Market news and regulations affecting stablecoins.
• Investor sentiment in the broader crypto market.
• Liquidity shocks, such as banking disruptions or reserve concerns.

USD Coin (USDC) investment tips for beginners

If you’re new to USDC, here are some practical tips:

• Start small – Begin with amounts you’re comfortable with.
• Use recurring buys – This helps you build a position steadily.
• Set alerts – Stay informed about price movements and market news.
• Diversify – While USDC is stable, balancing it with other assets is key. Crypto.com’s Crypto Baskets make this simple.

USD Coin (USDC) price outlook

Analysts generally view USDC as a cornerstone of the crypto economy rather than an investment vehicle for price gains. Its value lies in stability, liquidity and integration across ecosystems. According to CoinDesk, adoption of regulated stablecoins like USDC is expected to grow as more businesses explore blockchain payments.

While USDC’s peg makes it less risky than volatile cryptocurrencies, it remains exposed to regulatory changes, issuer practices and market trust.

If USDC adoption continues in DeFi, payments and institutional finance, it may solidify its role as the preferred digital dollar.

Ready to get started?

1. Sign up with Crypto.com in minutes.
2. Deposit funds into your account using your preferred method.
3. Go to the ‘Trade’ tab select USDC.
4. Manage, spend and track your crypto portfolio anytime with our App.

FAQs about USDC

What is USD Coin (USDC)?
USD Coin (USDC) is a stablecoin pegged to the US dollar, designed to maintain a one-to-one value. It is backed by cash reserves and short-term US Treasuries, making it one of the most trusted digital dollar alternatives.

What is USDC used for?
USDC is widely used for payments, trading, decentralised finance (DeFi) and remittances. Many investors also hold it as a stable store of value to avoid the volatility of other cryptocurrencies.

What is the best way to buy USDC?
One of the easiest ways is to buy crypto on the Crypto.com App, where you can deposit funds quickly and trade instantly. The App supports multiple funding methods, including bank transfers, cards, Apple Pay and Google Pay.

Is USDC a good investment?
USDC is not designed for price appreciation but for stability and liquidity. It is best seen as a digital dollar alternative rather than a growth asset.

Where can I store USDC?
You can keep USDC in the Crypto.com App wallet for convenience and easy management. Alternatively, you can transfer it to a non-custodial or hardware wallet if you prefer full control of your assets.

How much does it cost to buy USDC?
The cost of buying USDC depends on exchange fees and market liquidity at the time of purchase. On the Crypto.com App, bank transfer deposits are always free, making it a cost-effective option.

Important information: ​​This is informational content sponsored by Crypto.com and should not be considered as an investment recommendation or advice. Trading cryptocurrencies carries risks, such as price volatility and market risks. Before deciding to trade cryptocurrencies, consider your risk appetite. Crypto.com services, features, and benefits referenced in this article may be subject to eligibility requirements, token holdings, and may change at the discretion of Crypto.com.