How to buy USD Coin (USDC) in Australia

Learn how to buy USD Coin (USDC) easily by following a step-by-step guide and compare 10+ crypto exchanges.

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How to buy USD Coin

Look for an exchange that supports both fiat and cryptocurrency to simplify buying USD Coin.

  1. Open an account on an exchange that supports USDC.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy USD Coin.
  3. Buy USD Coin.
    Complete your USD Coin purchase and then find the best wallet to store USDC.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is USD Coin?

USDC is a digital stablecoin pegged to the value of the US dollar. To maintain its fiat-peg, the cryptocurrency is backed by fully reserved USD assets with an exchange rate of 1:1. One USDC should be equal to one real US dollar.

Launched in 2018, the stablecoin was created by Circle, a crypto finance company owned by Centre, with accompanying support from Coinbase. The token was originally built on the Ethereum blockchain, and as such was developed as an ERC20 token. However, it has now expanded to the Solana and Algorand blockchains. The parent company, Centre, is regulated by the Money Services Business and FinCEN in the US, with regular auditing taking place.

USDC can be traded and exchanged like any other cryptocurrency. Instead of cryptocurrency investors transferring funds back into fiat currency, Circle states that USDC allows users to transfer assets to a stablecoin that offers a 1:1 relationship with the US dollar. Stablecoins aim to be a calmer entry and exit platform to the sometimes volatile world of cryptocurrencies.

USD Coin (USDC) is the 9th largest cryptocurrency in the world by market cap, valued at $37,440,862,162. The current price of USD Coin is $1, which is 0.075% higher than yesterday. Prices have ranged between $1.01 and $0.995506 over the past 24 hours. All prices are listed in US dollars and accurate as of November 26, 2021 06:11 UTC.

Where to buy USD Coin

Find an exchange to buy, sell and trade USDC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

276
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
CoinSpot Cryptocurrency Exchange
Bank transfer, BPAY, Cash, Cryptocurrency, POLi, PayID
AUD

310
cryptocurrencies

CoinSpot is an Australian exchange that lets you easily buy, sell and trade more than 290 cryptos.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

271
cryptocurrencies

Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Independent Reserve Exchange
Cryptocurrency, SWIFT, Osko, PayID, EFT
AUD, NZD, USD

27
cryptocurrencies

Trade AUD and other fiat currencies against a wide range of cryptos at competitive rates.
Coinstash Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayID
AUD

123
cryptocurrencies

Buy 120+ different cryptocurrencies using AUD with competitive trading fees in the Australian market.
Cointree Cryptocurrency Exchange
Cash, Cryptocurrency, POLi, PayID, Online banking
AUD

172
cryptocurrencies

Finder Exclusive: New members get $10 bonus after first trade. T&Cs apply.
Grow your retirement wealth with Cointree
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

865
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
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Is it a good time to buy USD Coin?

The technical analysis gauge for USD Coin displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of USD Coin based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of USD Coin: moving averages, oscillators and pivots. Finder is not responsible for how USDC performs.


USD Coin at a glance

Information last updated November 26, 2021 06:11 UTC.
Coin symbol USDC
Coin Marketcap US$37,440,862,162
Total USDC supply 37,421,050,176
Circulating USDC 37,418,046,166
Current price US$1
All time high US$1.17
Notable team members Jeremy Allaire, Sean Neville, Brian Armstrong
Partnerships Visa, Ripio
Industry Stablecoins
Token uses Stablecoin
Network Ethereum

USD Coin price performance over time

Historical prices compared with the price of US$1.

1 hour 0.04%
24 hours 0.07%
7 days -0.02%
14 days -0.08%
30 days 0.10%
60 days -0.31%
200 days 0.14%
1 year 0.14%

How to sell USD Coin

You can cash out your USDC with the same exchange you bought it through:

  1. Sign in to the exchange you have USDC on.
    If you store your USD Coin in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of USDC you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of USD Coin.

What to consider when buying USD Coin

Although stablecoins by nature are intended to be stable and represent the underlying asset, these tokens are not without their associated risks. Here's what to consider before buying USDC:
  • Collateral: Belief in the stablecoin is highly correlated with the notion that one USDC equates to one US dollar. For every token, Circles claims it holds one US dollar as a reserve. This has previously been verified by auditors. However, if there is any doubt of this in the future, the integrity of the project will be called into question. This was seen with the competing USD stablecoin Tether.
  • Correlation: As the token is directly correlated to the US dollar, any issues with the USD will also affect USDC. Issues might include the de-valuing of the US dollar and relative price differences with other world currencies.
  • Volatility: Although pegged to the US dollar, high market volatility and increased daily volume can cause minor spikes above and below 1 USD.
  • Centralised: The token is backed by a centralised entity and, therefore, arguably goes against the decentralised sentiment of cryptocurrencies. Centre, the controlling organisation, has blacklisted wallet addresses previously.

Disclaimer: Cryptocurrencies, including USD Coin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of USDC is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the USD Coin or any other cryptocurrency discussed.


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