How to buy USDC in Canada?
It doesn't matter if you are in Toronto, Montreal, Calgary or anywhere in between, NDAX gives you all the tools and support to buy and sell USDC in Canada.
Why buy USDC?
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.
Storing your USDC
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 an exchange, 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.
What can you do with USDC?
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 exchange, 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.
Why buy USDC on NDAX?
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.
Usdc investing in the palm of your hand
Download the NDAX mobile app to fund your account and start trading on-the-go from any iOS or Android device.
Gain control of your USDC investments with advanced trading options
The cryptocurrency market is volatile. Avoid missing out on trades by using NDAX’s unique trading options:
Buy or sell order executed at a specific price.
Order to buy or sell once a cryptocurrency reaches a specific price point.
Trailing stop market order
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 order 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 cancelled entirely.
Immediate or cancel order (IOC)
Trade that executes immediately and cancels any unfilled portions of the order.
Reserve order (Iceberg Order)
Large trade divided into multiple limit orders. The orders are split into visible and concealed amounts.