USD Coin (USDC) is an ERC-20 token that launched in late 2018. It’s a stablecoin that is pegged to the United States Dollar (USD) on a 1:1 basis.
For every USDC that is available on the market, there is an equivalent number of USD that are held. Coinbase claims that “these funds are held in a special bank account that is constantly monitored and audited”.
But how do you buy USD Coin (USDC) in the UK?
Check out this quick guide to learn how.
Best Ways to Buy USDC in the UK
1. Coinbase Pro
Coinbase Pro is one of the best places where you can buy USD Coin (USDC) in the UK.
Although you can buy USDC directly with GBP, you could also use half a dozen other currencies to buy it too.
You can deposit GBP into Coinbase Pro with a UK bank transfer for FREE. You’ll then pay up to 0.5% in fees whenever you buy or sell something on this exchange.Coinbase Website
CoinJar is one of the cheapest places in the UK to buy USDC directly with GBP.
You can deposit GBP with a UK bank transfer for FREE. After my initial deposit, I’ve found that my transfers have been quickly credited to my CoinJar account (within minutes).
You can then buy USD Coin (USDC) and other supported cryptocurrencies quickly and easily through their browser interface or mobile app.
You’ll be charged a fixed 1% fee whenever you buy or sell anything on CoinJar. The exchange rates you’re quoted might sometimes be a little higher than you can find elsewhere (but when I’ve checked, not by much at all).
It’s worth clarifying: these exchange rates are pulled from the CoinJar Exchange – so they’re set by other people, NOT CoinJar. These exchange rates do appear to be getting closer and closer to what you’ll find elsewhere.
While this option is more expensive, it is much more beginner-friendly.CoinJar ReviewCoinJar Website
Thanks for checking out this guide on how to buy USD Coin (USDC) in the UK!
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