How to Buy USDC (USDC) - A Step-by-Step Guide

USDC is a stablecoin that is always worth $1.00 US. Managed by CENTRE, USDC was built with support from Coinbase and maintains its value by being backed by dollar denominated assets.

While most cryptocurrency prices fluctuate over time, the stability of USDC presents a number of opportunities for those who buy, hold, and use it. For one, having USDC allows you to send money around the globe without going through a financial intermediary like a bank or money transfer company. This can be done at a low cost and within minutes.

Traders buy USDC to minimize their risk when they are not actively trading. Buying USDC with BTC or ETH, for example, means that the value of their assets will remain the same until they convert their USDC back into another currency.

Beyond that, USDC also has use cases for businesses who want to accept digital payments, DeFi, and gaming.

1. Sign up or create an account: Get instantly verified with Ndax's streamlined verification process.
2. Fund your account with Canadian dollars: You have the option to fund your account with fiat currencies using Interac e-transfer, Wire Transfer, or a Bank Draft.
3. Invest in USDC: USDC is highly divisible, so you can buy small amounts to get started. Trade CAD to USDC with as little as $1 and with low trading fees of 0.2%.

After investing in USDC, the next step is to store your USDC in a secure cryptocurrency wallet. Depending on your own needs, investment amount, and preferences, you can keep your USDC on a trading platform, a physical hardware wallet, or a software wallet.

You are free to transfer your USDC to a private wallet from Ndax. However, if you decide to store your USDC in your Ndax wallet, we have all the security measures in place to keep your USDC safe and secure.

• Pay for Goods and Services: Online stores, merchants, restaurants, and retail environments continue to adopt USDC and other cryptocurrencies as a means of payment.
• Invest and Trade: On our trading platform, USDC can be traded directly with the Canadian dollar. You can also easily view and track your trading activity, performance, growth, and profits.
• Use as a Store of Value: Investors are using USDC as a store of value.

• We take the fear out of trading: Ndax’s security standards are among the highest in the Canadian FinTech industry. Ndax holds the majority of digital assets offline in cold storage protected by multi-signature technology, provided by Ledger Vault, the global leader in security and infrastructure solutions for cryptocurrencies. Hot wallets are protected by Multi-Party Computation (MPC) technology recognized by industry experts.
• Grow your portfolio with Ndax’s recurring purchase feature: Set USDC recurring purchases to automatically buy USDC to CAD each day, week, or month. Set regular purchases as low as $10.

Download the Ndax mobile app to fund your account and start trading on-the-go from any iOS or Android device.

Download Ndax mobile app:

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The cryptocurrency market is volatile. Avoid missing out on trades by using Ndax’s unique trading options:

• Limit Order: Buy or sell orders executed at a specific price.
• Stop order: Order to buy or sell once a cryptocurrency reaches a specific price point.
• Trailing stop market order: An order that can be set at a specific dollar amount away from a cryptocurrency’s last price, bid, or ask.
• Trailing stop limit order: Limit buy or sell orders triggered once a cryptocurrency touches a trailing amount set by the user.
• Fill or kill (FOK) order: Trade that executes immediately and entirely at a certain price, but if it cannot fill the entire order immediately, it will be canceled entirely.
• Immediate or cancel order (IOC): Trade that executes immediately and cancels any unfilled portions of the order.
• Reserve order (Iceberg Order): A large trade is divided into multiple limit orders. The orders are split into visible and concealed amounts.

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