USD Coin Price CAD
What is USD Coin (USDC)?
USD Coin, better known as USDC, is a stablecoin launched in September 2018 by CENTRE in a joint project between Circle and Coinbase. It is an open-source and smart-contract based cryptocurrency originally based on the Ethereum blockchain.
Stablecoins are cryptocurrencies that have their value of pegged to a reserve asset to reduce volatility in its price. As a result, the USD Coin tends to be much less volatile in price than other major cryptocurrencies. Each USDC token is pegged to $1 USD or an equivalent and held in reserve by Circle where it can be regulated.
USDC was originally launched as an ERC-20 token and has since evolved to become available on a total of 8 different blockchains. In addition to being an Ethereum ERC-20 token, USDC is available as an Algoraland ASA token, Solana SLP token, TRON TRC-20 token, Hedera token, Avalanche ERC-20, and Flow token.
USD Coin is commonly used as a tool for transferring USD globally, stabilizing the value of a trader’s crypto portfolio, or even a store of value. Although, the number of applications for this stablecoin continues to grow as it is increasingly adopted by more countries around the world.
How to Buy USD Coin (USDC) in Canada
Buying USD Coin (USDC) in Canada as well as other digital currencies is simple and secure with Bitbuy. Here’s how it works:
- Create Your Account: When you sign up to create an account on Bitbuy, you will be asked to confirm your email address, phone number and verify your identity.
- Add Funds: Before you can buy USDC in Canada, add funds to your account directly with Interac eTransfer or Bank Wire.
- Buy and Sell USDC: Once you’ve sent money to your account, you can buy USDC instantly. Bitbuy also makes it easy to sell USDC in Canada. Exchange your USDC for CAD and withdraw the funds back into your bank account.
If at any point you need help signing up, verifying your account, adding funds, or buying and selling USDC, just get in touch with customer support for same-day assistance.
The Best Place to Buy USD Coin (USDC) in Canada
Bitbuy is one of the best and safest place to buy USD Coin (USDC) in Canada. Here is why:
Safe and Secure
Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 95% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. The core of our mission at Bitbuy is making you feel safe that your digital currency is protected!
The Lowest Fees
Bitbuy offers some of the lowest buy and sell fees available in Canada. You can check out our trading fees and processing times before you buy USD Coin (USDC).
Award-winning Customer Support
Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and convenient.
Our customer support is one of the big differences between Bitbuy and other exchanges. You can talk to a real person over email or on the phone. It’s an essential part of simplifying cryptocurrency for everyone.
Interac eTransfer is the most popular way to pay online in Canada. Canadians want to buy USDC with Interac, but banks don’t make it easy. Bitbuy exists to simplify the process when you want to buy USDC in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.