How to buy USDC?

Last updated:2023-11-09

USD Coin (USDC) is a digital currency that is pegged to the price of the US dollar, making it a stablecoin. Initially based on the Ethereum blockchain as an ERC-20 token, USDC is now supported on various other blockchain platforms, including Algorand, Solana, Stellar, and more.

USDC is issued in collaboration with financial institutions and cryptocurrency companies, with cash and short-term US government bonds serving as collateral, maintaining a 1:1 peg to the US dollar.

USDC is the second-largest stablecoin by market capitalization, just behind USDT (Tether). Its key advantages include price stability, traceability, and a convenient digital payment method. It is commonly used in cryptocurrency trading to mitigate price volatility and can also be utilized in decentralized finance (DeFi) platforms for deposits, lending, and earning interest. The issuance and management of USDC are typically subject to regulatory oversight to ensure legality and transparency.

Purchase USDC Process

Step 1 - Create an LBank Account
Register or log in to your LBank account.
Step 2 - Choose your preferred way to purchase USDC

Buy USDC at market price or set a buying price you desire, with the most popular USDC currency pair, USDC/USDT.

>>Go to Spot Trading
Step 3 - Successful Purchase

Your purchased is now in your wallet.

If you haven't received your cryptocurrency, seek help from Support Center or Online customer service .

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Given the market nature of cryptocurrencies, the price of USDC is subject to high market risks and price fluctuations. We recommend that you understand the operation principles of digital assets and related risks before investing in digital assets. Other factors to consider when formulating a cryptocurrency investment strategy include your own experience level, financial condition, investment goals, and risk tolerance. It is also recommended to consult an independent financial advisor before purchasing cryptocurrency. The information provided is for reference only, and LBank does not guarantee its accuracy.