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What is USD Coin?

USD Coin (USDC) is an ERC-20 Token that is pegged to the US Dollar.

Each USDC is backed by one US dollar which is held in a special bank account. USDC aims to provide security by utilising Centre, which is the consortium that mints USDC. This organisation constantly monitors and audits the bank account to provide transparency. USD Coin was created with the intention of allowing currency to easily move globally from crypto wallets to other exchanges, businesses, and people.

How do I swap USD Coin?

Enter amount to swap
Select the quantity of USD Coin you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about USD Coin

Why Should I Trade USDC with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell USD Coin no matter what your trading experience is. Unlike other international and Australian USD Coin exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy USD Coin with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade USD Coin how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your USD Coin?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your USD Coin for free.

Cold Storage

If you are holding USD Coin as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy USD Coin. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for USD Coin. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
USD Coin has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As USD Coin is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual USD Coin exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in USD Coin & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying USD Coin safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your USD Coin portfolio here.
Yes! With CoinSpot you can convert your USD Coin to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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