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How to Buy USDC on Binance

This easy guide shows you how to buy USDC with Binance.

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Just the basics

Buying USDC on Binance can be simple, even if you’re new to crypto.

First, go to the Binance website or download the mobile app and create an account. To do that, you’ll need to go through identity verification, which includes uploading a photo ID and sometimes a selfie. This step is required for security.

Once your account is verified, you can link a bank account, debit card, or another supported payment method. Binance supports many options, so choose what works best for you.

After your account is ready, select “Buy Crypto” and search for USDC. Enter the amount you want to buy, and Binance will show you a real-time quote before asking you to confirm the transaction. This helps you know exactly how much USDC you’ll receive. Check the details, confirm the payment, and your USDC will be added to your Binance wallet right away. The full process, from creating your account to holding USDC, can usually be done in just a few minutes.

Once you have USDC in your Binance wallet, you can leave it on the exchange or transfer USDC from Binance to a self-custody wallet (i.e., a wallet you directly manage without the help of a centralized exchange) for more control in sending, spending, saving or trading USDC.

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How to Buy USDC on Binance

For those seeking a dependable and stable digital asset, USDC is a fully reserved stablecoin whose value is pegged to the US dollar. This means that every circulating USDC token is backed by an equivalent value of assets held in cash and highly liquid cash equivalents such as short-term US Treasuries, facilitating price stability and a consistent 1:1 exchange rate with the US dollar. 

Issued by Circle, a regulation-forward financial services company, this design effectively mitigates the volatility often seen in cryptocurrency markets, making USDC a particularly attractive option for those seeking the benefits of blockchain-based currencies like speed and low cost, while still serving as a stable medium of exchange and store of value in their financial transactions.

This guide will walk you through the simple process of buying USDC on Binance, one of the most popular and easy-to-use exchanges in the digital asset space.

Why buy USDC?

USDC offers a variety of practical uses that unlock seamless transactions and global opportunities.

Send: USDC transfers settle in seconds, at low cost, whether they’re to a friend, family member, or someone across the globe.

Spend: You can use USDC for everyday purchases both online and in person at merchants who accept digital currencies. Its stability and seamless integration with payment platforms around the world make it a convenient option for personal and business transactions.

Save: With or without a traditional bank account, people in over 180 countries can use digital wallets to hold and manage USDC, benefiting from its stable store of value amidst broader market volatility.

Trade: USDC is a stable medium of exchange when borrowing, lending, borrowing, investing and trading in the decentralized finance (DeFi) ecosystem, as well as via centralized exchanges like Binance. Please keep in mind that it's important to understand the inherent risks and regulations associated with DeFi so be sure to do your own research before transacting in the space.

For more information, read our articles on how to send, spend, save, and trade USDC.

Why buy USDC on Binance?

As the world's largest cryptocurrency exchange by trading volume, Binance provides access to a vast selection of digital assets, including USDC. It’s a desirable choice for its competitive fees and diverse offerings, for both seasoned and novice traders looking for a comprehensive platform.

Step-by-step guide to buying USDC on Binance:

  1. Create an account: Go to Binance.com (if you’re in the United States, go to Binance.us) and click "Register." Provide your email address or mobile number and create a secure password. Complete the identity verification process.
  2. Set up transaction details: Click on “Buy Crypto” on the top navigation bar section, select “Choose your payment method,”  and select USDC as the digital asset you want to buy. You can also link a payment method from this screen, including a debit or credit card, or Google or Apple Pay.
  3. Buy USDC: Specify the amount of fiat currency you want to spend or the amount of USDC you want to buy, then review the order details, including the exchange rate and any fees. Confirm the transaction to complete your USDC purchase.

Storing and using USDC on Binance

Binance has different options you can choose from to store your USDC. You can keep it in your Binance Spot Wallet for trading or transfer it to your Binance Funding Wallet if you plan to use your USDC for peer-to-peer transactions. Binance also supports withdrawals to external wallets for enhanced security and even more control over your USDC.

Binance fees and considerations

Binance offers one of the lowest fee structures in the industry for buying USDC. Trading fees are tiered based on your 30-day trading volume and BNB (Binance Coin) holdings. Holding certain amounts of BNB can significantly reduce your trading fees, by up to 25%. It’s important to be aware of potential network fees when transferring USDC on or off the Binance platform.

Buying USDC on Binance

Binance provides a global platform with competitive fees and a wide array of digital assets, making it a popular choice for buying USDC.

By following the steps outlined above, you can access Binance’s ample USDC liquidity and platform features to purchase USDC and participate in the growing digital asset economy.

Learn how to buy USDC on other leading digital asset platforms

The world’s trusted digital dollar is widely available on top marketplaces around the globe:

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Someone viewing USDC in an app

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