Why buy USD Coin with Kraken?

About USD Coin

What can you do with USD Coin?

Swap USD Coin for other assets

USD Coin FAQ

Learn more about USD Coin

1. How is USD Coin different from normal cash?

   Unlike traditional currencies, USD Coin is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining USD Coin. This decentralization means the holders and users of USD Coin can help to maintain the network.

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2. Where can I buy USD Coin?

   Most find that the easiest and most secure way to purchase USD Coin is through a trusted cryptocurrency platform like Kraken. While USD Coin can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like USD Coin.

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3. How do beginners buy USD Coin?

   While Kraken makes it easy for anyone to buy USD Coin, beginners should first do their own research (and may consider seeking professional advice) before making decisions about whether or not to buy digital currencies. After learning about USD Coin in the Kraken Learn Center, beginners can use Kraken to buy USD Coin in moments with as little as $10.

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4. Is USD Coin available to buy and sell in my country?

   To find out if Kraken offers USD Coin in your region, please check our Support article to see what cryptoassets are available in your country.

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5. Is USD Coin a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, USD Coin may be a worthwhile purchase.

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6. Can I purchase USD Coin using my local currency?

   Kraken supports six different government-issued fiat currencies including:

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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7. What are the transaction fees for buying USD Coin?

   Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.

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8. What is the minimum amount of USD Coin I can buy?

   You can buy as little as $10 worth of USD Coin on Kraken. Kraken also allows you to set up recurring buys so you can continuously accumulate small amounts of USD Coin regularly.

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9. Can I buy USD Coin with a debit card?

   Yes, you can buy USD Coin using a debit card on Kraken.

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10. Can I buy USD Coin with other cryptocurrencies?

    Yes, Kraken makes it easy to purchase USD Coin using hundreds of other cryptocurrencies. Browse the USD Coin markets available on Kraken to see how much it costs to buy USD Coin with other cryptocurrencies.

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11. How can I keep my USD Coin safe?

    While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your USD Coin. When you choose to keep your USD Coin on Kraken, it is secured by our globally-recognized security standards.

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12. Can I set up automatic recurring buy orders for USD Coin?

    Yes, Kraken makes it easy to automatically buy USD Coin on a recurring basis. Recurring buys, also known as dollar cost averaging, is a way to continuously increase your asset holdings without needing to manually place an order each time.

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13. Will I owe taxes when buying and selling USD Coin?

    Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.

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14. Can I transfer USD Coin from Kraken to my crypto wallet?

    Yes, the USD Coin you buy on Kraken is yours. Kraken makes it easy to withdraw your USD Coin to any hot wallet or cold wallet that supports USD Coin. Simply enter the external wallet address and your USD Coin will be in your wallet a few moments later.

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15. Is it safe to leave my USD Coin on Kraken?

    We take every measure possible to keep the USD Coin you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your USD Coin. Learn more about our globally-recognized security standards.

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16. Can I pay for online goods and services using USD Coin?

    Yes, as long as the seller is willing to accept USD Coin in return for the goods and services you are purchasing.

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17. What is the current circulating supply of USD Coin?

    The current circulating supply of USD Coin is 24.493.373.317 USDC.

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