The token can be purchased and sold on a variety of cryptocurrency exchanges and cryptocurrency providers (including MoonPay). To use a crypto ATM, users need to have a valid crypto wallet that can receive the coins purchased. The process of selling cryptocurrencies at an ATM is straightforward. Users simply select the ‘sell’ option on the ATM’s screen, enter the amount of cryptocurrency they want to sell, and scan their wallet’s QR code to transfer the coins to the machine. Overall, P2P marketplaces on cryptocurrency exchanges provide a decentralized and flexible way to sell USDC for cash that is becoming increasingly popular among crypto traders. However, it is important for users to exercise caution and perform due diligence when dealing with unknown parties, as there is a risk of fraud or other malicious activity in such transactions.
Connect your wallet, choose the destination bank account and confirm the sale. We’ll convert your USDC in EUR right away, then transfer the funds to your designated bank account in Europe. Cash out USDC in Euro by SEPA transfer, with the best price and the lowest fees. In some instances, you may choose to withdraw your USDC funds from an ATM, converting them into cash.
Digital Accessibility, opens new tab
Then, when a customer wishes to redeem USDC back for dollars, the USD Coins are permanently destroyed in order to keep a consistent backing. USDC is a stablecoin launched in partnership with Coinbase and Circle and operates as sell usdc an ERC-20 token, meaning it runs on the Ethereum blockchain. Here are some things you need to know about what it is and how it works. The Merchant Program on OKX P2P enables users to run their own exchange business on OKX.
In this article, we’ll explore this type of digital currency and look at USDC, one of the most popular stablecoins on the market today. Price volatility is nothing new, however, and has been commonplace since the birth of crypto. For seasoned investors and crypto newbies alike, wild fluctuations in price can represent an opportunity for big returns. But for some they might make cryptocurrency assets seem too risky because of potential losses. The first $500 you exchange with us each year by bank transfer are completely free! Buy, sell, receive, send and exchange multiple cryptocurrencies at any time.
How to sell USDC in USD
However, it’s important to note that withdrawal fees and minimum thresholds may apply, depending on the chosen method. To initiate a transfer, users need to set up a fiat wallet on the platform. For US residents, the bank wire option is available, allowing up to five bank accounts to be added at once. UK residents, on the other https://www.tokenexus.com/ hand, can only withdraw funds to the bank account used to fund their Crypto.com account. Withdrawals for UK users are processed through the Faster Payment Service. On the platform, withdrawals to external wallet addresses are completed within minutes, but fees may apply, which are stated at the point of the transaction.
Let’s say you own both USDC and Ethereum, and want to earn interest on your holdings via yield farming. You could provide equal amounts of USDC and ETH in a liquidity pool, to earn a percentage of transaction fees when others swap between that pair. While being paid in Bitcoin and Ethereum can certainly have upside, the volatility in price makes it a difficult option to consider for many. Using USDC, employees can get paid in crypto while being protected against the downside of price swings.
Get paid in crypto
USDC’s parent company isn’t shy about saying the currency is for those who want to move medium to large amounts. By becoming a more attractive way for institutional investors to get involved, stablecoins like USDC could help make cryptocurrencies more mainstream. For example, in the case of USDC, for every one coin in existence, there is one dollar of corresponding assets held in reserve. By design, the supply of USDC is directly correlated with an equivalent amount of USD held in reserve backing USDC. Other stablecoins can be backed by crypto and additional commodity assets as well—not just US Dollars. To offset these large swings in value, stablecoins were created as a digital asset attempting to maintain a stable price.
All in all, with its reliable reputation, stringent security measures, and diverse trading options, Binance offers users a trusted platform to sell USDC for cash. Unfortunately, US residents don’t have access to the Binance.com domain and should look for another location to cash out USDC coins. Mt Pelerin Group SA is a company established in Switzerland since 2018, with offices in Neuchâtel and Geneva. We are an affiliated financial intermediary, which means that our processes are regularly audited by an external and independent entity. We are an affiliated Swiss financial intermediary and our regulation allows for KYC-less money exchange under certain thresholds.
And though most people choose to invest in BTC or ETHs, one concern with the largest cryptocurrencies is the often considerable price volatility. It can be difficult to determine if you’re dealing with a scammer during your transactions. Read more tips on how to avoid potential scammers and learn how you can protect your crypto.
- Even though the price of stablecoins is intended to remain true, these assets have experienced depegs, hacks, and even total collapse.
- Users can conveniently sell USDC for cash and withdraw funds to their bank accounts, choosing the most suitable method that aligns with their preferences and location.
- MoonPay also makes it easy to sell USDC when you decide it’s time to cash out.
- Withdrawals for UK users are processed through the Faster Payment Service.
With a wide selection of over 250 supported assets, Crypto.com offers deep liquidity and a highly-rated mobile app that enables users to convert USDC to other stablecoins with zero fees. Bitfinex is a prominent cryptocurrency exchange that provides a robust platform for trading and converting digital assets. For users looking to sell USDC for cash or convert USDC into money, Bitfinex offers a range of features and options.
0 yorum