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How to buy USD Coin (USDC) in Canada

Find out how to buy USD Coin (USDC) in 3 simple steps. Plus, never pay deposit and withdrawal fees.
Buy USD Coin
USDC Coin

What is USD Coin?

USD Coin (USDC) is a price-stable crypto asset. That means it’s different than Bitcoin, Ethereum, and other cryptos with their wildly fluctuating prices. Like traditional currencies, USDC’s price is stable and maintains a value of 1 US dollar.

Accordingly, USDC lets people invest and transact through blockchains without exposing assets to the high volatility of most cryptocurrencies.

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USDC Icon

USD Coin (USDC)

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Why invest in USD Coin?

USDC is a stablecoin and backed by actual funds and real assets (cash and short-dated U.S. government obligations). As a result, you can always redeem it at a 1:1 rate for US Dollars.

Investors earn passive income by lending USDC. There are platforms that offer competitive rates, although with some risks. It’s also possible to earn a fixed interest rate by locking in funds at 1-, 3-, 6-, or 12-month periods, with the interest rate higher for longer terms.

What are USD Coin’s pros and cons?

PROS

  • Stable price
  • Always backed by real assets
  • Transparency, trustworthiness, and compliance
  • Natively supported on several blockchains such as Ethereum, Algorand, Solana, Tron, and Stellar

CONS

  • No massive gains, because of stable price and low volatility
  • Vulnerable to regulatory actions against cryptocurrencies and stablecoins
  • Short-term volatility, but only during extreme market events

What makes USD Coin stand out?

Trust, compliance, and transparency make USD Coin stand out as an attractive option. Because USDC undergoes regular scrutiny through monthly attestation reports, investors enjoy peace of mind about USDC’s current assets and future.

Because of its stable price, some investors use USDC as a temporary store of value. When an opportunity arises, they can always redeem 1 USDC to 1 US dollar and use that to fund their other investments.

Looking to buy USD Coin (USDC) in Canada? Buy it using Coinberry in 3 easy steps:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

 Buy USD Coin (USDC).

You can buy USDC right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy USD Coin

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