How Tos

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.

By 
Austin Barwick
 on  
June 20, 2022
Verified Author

USD Coin (USDC) is the largest and most popular stablecoin in all of cryptocurrency, having eclipsed Tether (USDT) and UST (UST) in 2022. The USDC stablecoin is the most widely adopted across DeFi applications like AAVE, Compound and Uniswap and gives out the best yields for stakers.

In this guide, we will outline the best cryptocurrency exchange in Australia to buy USDC and stake it to earn interest on your stablecoins.

Table of Contents

How to buy USDC in Australia

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:

  1. Register for a CoinSpot account. You will need to provide your email address and create a password.
  2. Verify your account. To do this, you will need to upload a photo ID and proof of residence.
  3. Deposit AUD into your account. You can do this by transferring funds from your bank account, or using an alternative method like cash, BPAY, POLi and others.
  4. Once your funds have arrived in your CoinSpot account, go to the "Buy/Sell" page and search for "USDC/AUD".
  5. Select your desired price and amount, then click "Buy USDC".
Buy USDC Coin CoinSpot

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.


Where can I stake USDC to earn rewards?

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 Staking Australia
Earn up to 6.38% APY on Stargate Finance with USDC staking.


What is USDC?

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.

USDC by Circle

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.

USDC Price AUD

The chart below is the live price of USDC in Australian Dollars (AUD).

Visit CoinSpot

Author Bio

Austin is a NFT and Metaverse maniac - with over 20% of his portfolio invested into the space. He is our resident multi-chain NFT expert.

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