How to buy USDC in Australia
Summary: The best exchange to buy USDC Coin in Australia is CoinSpot. They offer low fees starting at 0.1% and USDC staking to earn up to 10% APY.
The easiest way to buy USDC in Australia is with a centralised cryptocurrency trading platform. We recommend CoinSpot because they are Australia's largest exchange that offers low fees to buy USDC with AUD via Bank Transfer, Cash, POLi, BPAY, and other deposit methods.
You can get started with this simple guide:
Once you buy USD Coin (USDC) on your CoinSpot account, it will be automatically stored in your CoinSpot Managed Wallet. You can keep it here for secure custody, or withdraw it onto a personal wallet at any time.
Stargate Finance currently offers the best rewards to stake USDC on their platform. You can stake USDC on various networks with Stargate Finance including Ethereum Mainnet, Optimism, Arbitrum, Avalanche, Fantom, Polygon, and Binance Smart Chain.
The Stargate Finance platform pays out rewards to stakers to incentivise them to stake stablecoins that facilitate cross-chain swaps. You can read more about this platform in an extended Stargate Finance review.
USDC is a stablecoin that is pegged to the US dollar. 1 USDC is always worth 1 USD. USDC is issued by regulated financial institutions, and its value is backed by real USD held in accounts at those financial institutions.
USD Coin can be used to make purchases or send payments anywhere in the world, just like any other currency. Unlike other cryptocurrencies, USDC transactions are fast, cheap, and reliable. And because USDC is pegged to the USD, its value remains stable even when cryptocurrency prices are volatile.
The company behind USDC was founded in 2018 by Circle and Coinbase. These two companies created USDC to provide a digital dollar that could be used for transactions on the Ethereum blockchain. Since then, USDC has become one of the most popular stablecoins in the cryptocurrency space.
USDC is regulated by the US Financial Crimes Enforcement Network (FinCEN) and compliant with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This means that using USDC is safe and secure, and that users can be confident that their money will not be subject to fraud or theft.
Overall, USDC is a reliable and trusted stablecoin that offers all the benefits of crypto without the volatility. If you're looking for a digital currency that you can use for everyday transactions, USDC is a great choice.
The chart below is the live price of USDC in Australian Dollars (AUD).
A guide to buying digital assets in Australia with POLi Payments online.
A guide to buying Wilder World (WILD) in Australia. The latest Metaverse project built on Ethereum.
In this guide we outline the safest way to add the Solana network to your Metamask wallet.
A guide to buying cryptocurrencies like Bitcoin with a Bank of Melbourne account.
Keep up to date with the fastest moving markets with out newsletter. Find the best yields in DeFi and latest tokens.