This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. We pay out through the local banking systems for EUR, GBP, and DKK so you don’t have to worry about international methods. Also, if you are a US resident then this would be the place to go if you want to cash out your crypto holdings. For offline storage, you can generate a USDC paper wallet address and QR code to print out. Finalize your sale and quickly turn your USDC back into your local currency.
Is selling represent “more than 95%” of the Yandex Group’s revenues for the first nine months of 2023, and roughly the same portion of its entire assets and employee headcount. Will be a much trimmer outfit once this transaction closes — its remaining “non-Russian assets,” as it puts it, will include four early-stage technology businesses. These include an autonomous vehicle company called Avride; an AI cloud platform called Nebius AI; a generative AI and LLM company called Toloka AI; and edtech platform TripleTen. You can leverage USDC to reduce fees when selling or purchasing other cryptocurrencies since many exchanges don’t impose a fee for conversion to or from stablecoins. The stablecoin market is one of the most interesting ecosystems in the cryptocurrency space, and stablecoins have become a trendy asset class.
#4 Crypto.com – Convert to Other Stablecoins is Free
They offer a regulated network under the CENTRE consortium where USDC can be created, redeemed, and exchanged. The consortium maintains strict adherence to regulatory compliance and collaborates with many governmental and financial entities to guarantee the stability and security of USDC. Some platforms or exchanges allow you to sell USDC using a credit card. Credit card transaction fees are commonly higher compared to other payment methods. When selling USDC via credit card, you can expect to pay around 5% of the transaction amount as a fee. Crypto ATM fees vary depending on the manufacturer, location, and the type of cryptocurrency being sold.
Bit2Me is a highly secure service that works from Europe, in a transparent and solid way, under the umbrella of our partners (More information). We are pioneers allowing the buying/selling of cryptocurrencies since 2014. It operates securely, together with tens of thousands of customers, https://www.tokenexus.com/cryptocurrency-exchange/ selling from small amounts (1€), up to the amount you need. Charts provided by TradingView, the charting platform and social network that provides users with valuable information about market events through tools such as the economic calendar, stock analyzer and others.
Is It Profitable To Sell USDC?
Now you can provide stablecoin access directly to your users through your own app or website. With over $50 billion in circulation, it is one of the most widely used dollar-backed cryptocurrencies. This guide sell usdc will walk through the key steps involved in buying, selling, and storing USDC tokens safely. The first CHF500 (or equivalent) that you exchange with us each year by bank transfer are completely free!
- They are backed by fiat currencies, and most prominently, the dollar.
- With crypto ATMs, investors can sell their cryptocurrencies for cash or vice versa without the need for a bank account or credit card.
- Trading fees are charged by exchanges or platforms facilitating the sale of USDC.
- Binance recently added a new interesting feature by allowing users to sell crypto directly to a credit/debit card.
- We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can.
This means USDC is treated as a cryptocurrency and can only be used in the crypto space(crypto exchanges, DeFi). To deposit to a bank account you should convert USDC to USD (or any other fiat currency) first before initiating a wire transfer. On these platforms, sellers can choose from a variety of payment methods such as bank transfers, PayPal, and other online payment systems, which adds a level of convenience and flexibility.
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However, P2P platforms may charge fees for facilitating these transactions. P2P fees are typically in the range of 0.1% to 0.5% of the transaction value. Furthermore, cryptocurrency exchanges provide liquidity to the market, making it easier for investors to find buyers for their USDC. This is especially important for those looking to sell large amounts of USDC, as it can be difficult to find individual buyers willing to purchase the entire amount.
- Circle Mint is offered to registered businesses in specific regions who will mint and distribute USDC at scale.
- Global transactions USD Coin is designed to let dollars move globally from your crypto wallet to other exchanges, businesses, and people.
- Ensure complete transparency and maintain financial oversight of your account and all permissioned users.
- When we explore the world of cryptocurrencies, we come across a digital stablecoin called the United States Dollar Coin (USDC), which has made a name for itself in the financial industry.
- Plus, there are no additional fees or hidden costs so you can be sure what you see is what you get.
- These providers allow USDC holders to sell their tokens via different payment channels such as bank account transfers, card payments, and even connections to e-wallet solutions like PayPal and Apple Pay.
Once sold, you can store the euros as long as you want, or send them to people, use them to buy other cryptocurrencies or withdraw them to your bank. For simplicity, below are the steps to sell BTC for EUR on Binance by using a VISA credit card. Take note that if you want to sell USDC here you have to follow the exact same steps. In terms of fees, Bitfinex operates on a maker-taker fee structure, where fees vary depending on the user’s trading volume over the past 30 days. The trading fees start at 0.1% for makers and 0.2% for takers, incentivizing liquidity provision on the platform.