Buy USD Coin (USDC)

Follow the steps below to easily and securely buy USD Coin.

You can securely store your USD Coin in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your USD Coin. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy USD Coin with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in USD Coin with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy USD Coin through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying USD Coin is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like USD Coin involves risks of losses. You can lose (part of) your deposit. Before you decide to buy USD Coin, it is important to understand the risks.

Volatility: The price of USD Coin can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of USD Coin is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy USD Coin through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy USD Coin or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

Yes, you can send your USD Coin to an external wallet. With Finst, you can easily send your USD Coin to a hardware or a software wallet.

Yes, you can store USD Coin (USDC) on hardware wallets such as Ledger or Trezor.

USD Coin and USDC are the same. USD Coin is the full name of the stablecoin, while USDC is the abbreviation. So when you buy USDC, you are actually buying USD Coin.

USD Coin (USDC) is a stablecoin that is linked to the US dollar. A stablecoin is a cryptocurrency that is linked to a fiat currency (or gold), such as the dollar or the euro. This means that USDC follows the exchange rate of the US dollar and that when you buy USDC, you receive approximately the same number of tokens as the number of dollars you paid for. So 1 USDC is approximately equal to $1.

This makes USDC a lot less volatile than other cryptocurrencies and a relatively safe option for crypto traders.

USDC is a stablecoin that is available on various blockchains, including Ethereum, Solana and BSC. On all these blockchains, USD Coin (USDC) follows the rate of one US dollar in a ratio of 1:1.

In fact, there are as many USDC tokens in circulation as there are dollars in reserve. For every USDC issued, an equivalent amount is held separately by a regulated financial institution (Circle), ensuring that there are enough reserves to refund investors at any time.

This process is called ‘fully backed’ and works as follows:

- Minting of USDC: For example, as soon as someone buys 500 USDC, Circle (the issuer) ensures that 500 USDC tokens are created and sent to the buyer. At the same time, 500 US dollars are secured as a reserve.

- USDC destruction (burning): When someone wants to exchange their USDC for real dollars or trade them for another cryptocurrency, the USDC tokens are taken out of circulation (this is also called burning).

- Control and transparency: After the incident with UST (Terra Luna's stablecoin) that imploded in 2022, there was a lot of uncertainty about the reliability of stablecoins. Circle tries to ensure trust by regularly publishing reports from independent auditors to prove that there are sufficient reserves to prevent a scenario like UST.

USD Coin (USDC) was launched in 2018 on Ethereum as an ERC-20 token by fintech company Circle. They did this in collaboration with the American exchange Coinbase.

USD Coin (USDC) is a dollar stablecoin issued by Circle, while USDT is a dollar stablecoin issued by Tether. Both coins are therefore worth approximately 1 US dollar. However, there are a number of important differences between these stablecoins. The two main differences are explained below:

1. USD Coin (USDC) is transparent about its reserves, while Tether (USDT) regularly receives criticism due to a lack of clarity about its reserves.

2. The lack of transparency at Tether (USDT) about their reserves, among other things, has led to USDT possibly not fully complying with the MiCA guidelines (a European legislation for crypto exchanges and stablecoins). With the MiCA in the pipeline, several exchanges in Europe have stopped trading USDT on their platforms. The offering of the stablecoin could possibly prevent them from obtaining the license (which allows trading in countries within the European Union).