Buy & Convert USDC - Coinbase

Introduction

USDC, a stablecoin tied 1:1 with the US Dollar, offers an avenue for participating in the cryptocurrency market while limiting exposure to its typical volatility. This concise guide will demonstrate how to buy or convert assets to USDC on Coinbase.

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Section 1: Buying USDC

The process to buy USDC on Coinbase is straightforward:

1. Log into your Coinbase account.

2. Click on the search bar at the top, type in "USDC" and click on the asset.

3. Under the "Add Cash" tab, enter the amount of USDC you'd like to purchase in your local currency.

4. Click "Preview", review the details and then click "Add Cash Now".

Congratulations! You've just purchased some USDC.

• Insight: Buying USDC can be an effective strategy for new crypto investors who are seeking stability amidst the often volatile crypto markets.

Section 2: Converting Any Asset to USDC

You can also convert any other cryptocurrency asset in your Coinbase account to USDC:

1. Navigate to the "Assets" tab on the left sidebar of your Coinbase account.

2. For this example, we'll convert Tether (USDT) to USDC. Click on the asset of your choice under "My Crypto".

3. Click on "Convert" towards the top right.

4. Update the 'To' section to USDC. You should be converting from your existing asset to USDC.

5. Enter the amount you'd like to convert, then click "Preview Convert".

6. Review the details, including any applicable fees for the transaction and finally click on "Convert Now".

Congratulations! You've successfully converted your existing asset to USDC.

• Expert Tip: Converting other cryptocurrencies to USDC can be useful when you anticipate market downturns and want to avoid potential losses.

Conclusion:

USDC offers a stable and secure investment in the world of cryptocurrencies. It allows beginners to dip their toes into the crypto market without exposing them to the drastic price swings often seen in the crypto world. Whether you're buying USDC directly or converting other assets into USDC, Coinbase Learn provides an easy and intuitive platform to help you navigate the process.