USDC to GBP: Sell Sell to GBP on OKX P2P Trading

sell usdc

We’ll convert your USDC in USD and transfer them to your bank account. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. By understanding the fees involved in selling USDC stablecoin, you can navigate the process more confidently and optimize your transactions accordingly. USD Coin (USDC) is a digital currency that is fully backed by U.S. dollars or dollar-denominated assets like U.S.

  • Read more tips on how to avoid potential scammers and learn how you can protect your crypto.
  • With a wide selection of over 250 supported assets, offers deep liquidity and a highly-rated mobile app that enables users to convert USDC to other stablecoins with zero fees.
  • This website is using a security service to protect itself from online attacks.
  • Custody is managed in Australia and we do not use any third party custodians.
  • By using a reputable cryptocurrency exchange, investors can ensure that they receive fair market value for their USDC and that their transactions are secure and transparent.

💡 We have bank accounts in all the different fiat currencies listed above. It means that with us you can buy USDC by sending us bank transfers in any of these currencies, without incurring any intermediary fiat currency exchange fees. To summarize, Coinbase provides a user-friendly and reputable platform for selling USDC for cash, however, the fees are a little bit high here.

Segregated funds

There may be restrictions in certain countries as to whom may acquire cryptocurrencies. Mt Pelerin does not offer services in relation to cryptocurrencies to US persons. P2P marketplaces on cryptocurrency exchanges like Binance and KuCoin provide an alternative way for crypto traders to sell their USDC for cash. These platforms connect buyers and sellers directly, eliminating the need for a centralized intermediary, such as a bank or financial institution.

sell usdc

Sell USDC from any wallet and withdraw funds in 12 fiat currencies directly on your bank account in 171 countries. As with any investment or cryptocurrency purchase, you should always do your own research. It’s also important to buy only from trusted exchanges and services, and store your crypto in the right wallet. When you trade P2P, you’re trading directly with other users rather than with OKX. However, OKX will hold your crypto assets until payment confirmation is received by the seller. We recommend trading with Verified Merchants, as they’ve been vetted carefully by OKX.

New to crypto?

USDC’s reserve assets are held in segregated accounts with regulated U.S. financial institutions. With an extensive circulation of approximately 30 billion coins, USDC has gained wide acceptance across various platforms and exchanges, offering liquidity and stability within the crypto ecosystem. Want to exchange USDC for other cryptocurrencies like Ethereum and Bitcoin? MoonPay allows you to swap crypto cross-chain with no processing fees, directly from your non-custodial wallet. For example, USDC can be used to provide liquidity in pools to earn rewards in the form of LP tokens that generate interest when other users participate in the pool.

USDC allows you to buy, sell, and transfer funds while remaining in the cryptocurrency ecosystem. Instead of going through many steps to cash out to your traditional bank or card, you can swap crypto to USDC. USD Coin is accepted on virtually every major cryptocurrency exchange, both centralized and decentralized, giving you plenty of options.

Swap USDC for more tokens

Saudi Arabia could take effective majority control of London Heathrow, the UK’s major airport, with other investors considering selling their stakes, according to reports. He has said the group will focus on generic drugs unit Kabi and hospitals operator Helios, while Vamed and a stake in dialysis business Fresenius Medical Care would be treated as financial investments. Another useful benefit of USDC is that it can help make it easier to pay employees in crypto. While far from being a common request, professional athletes and startup employees are beginning to negotiate to be paid in cryptocurrency. Essentially, whenever a dollar is deposited, a USDC token is created.

sell usdc

Use it to buy more cryptocurrencies, sell them, send and receive payments on the blockchain network and exchange between cryptocurrencies easily. USDC is the second most popular stablecoin pegged to the US dollar after Tether’s USDT. Created by Circle, an American company backed by giants Coinbase and Bitmain, has a total market capitalization of about $30 billion. Again, it depends on which party you choose to do the USDC conversion to money. Binance is one of the cheapest platforms that can handle transactions at 0.01% in fees. Download Bridge Wallet, the mobile app that we’ve made to help you easily invest and manage your cryptoassets from your phone with total control on your funds.

Your trusted cryptocurrency exchange

Becoming a Merchant gives you more credibility and increases traffic to your P2P ads. Sell USD Coin hand in hand with the best, with the peace of mind of always being by your side to help you, even over the phone, with the best prices, and with the best suite of services in the sector. We adhere to industry best practices and never lend, trade or reinvest your assets. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards.

Stablecoins can be pegged to any asset, and other national currencies such as the Brazilian Real (BRL). Circle consistently publishes audited reports of its reserves and is seen as a trusted parent company of the stablecoin. You can quickly sell usdc and cheaply send your USDC to a variety of blockchain ecosystems like Ethereum and Solana, and then use it to purchase a variety of cryptocurrencies and NFTs. But there are hundreds more cryptocurrencies and blockchain projects.

For example, USDC temporarily depegged in March 2023, with its price dipping to below 90 cents per token (instead of its desired $1 value). USDC can be staked to provide generous APY generally in the ballpark of 2-2.5%. It can also be used in trading pairs on DeFi platforms to earn a percentage of total network fees. Instead of holding a cryptocurrency that fluctuates wildly, investors can swap to a less volatile asset like USDC. For those trying to time the top of the market and buy back in later, USDC can be held until the time comes to swap back to a more volatile cryptocurrency of your choice.

sell usdc

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