Once sold, you can store the euros as long as you want, or send them to people, use them to buy other cryptocurrencies or withdraw them to your bank. For simplicity, below are the steps to sell BTC for EUR on Binance by using a VISA credit card. Take note that if you want to sell USDC here you have to follow the exact same steps. In terms of fees, Bitfinex operates on a maker-taker fee structure, where fees vary depending on the user’s trading volume over the past 30 days. The trading fees start at 0.1% for makers and 0.2% for takers, incentivizing liquidity provision on the platform.
- Brokers like MoonPay also enable quick liquidation of USDC to cash.
- For enhanced security, devices like Ledger and Trezor provide offline storage and support for USDC.
- You can easily load up your account with USDC or unload back to your preferred sell method in just minutes.
- Complete digital access to quality FT journalism with expert analysis from industry leaders.
- When it comes to selling USDC for cash, Binance provides a comprehensive platform with multiple options to cater to various trading preferences.
- You can also reference this list of exchanges where you can purchase USDC and EURC.
- These platforms connect buyers and sellers directly, eliminating the need for a centralized intermediary, such as a bank or financial institution.
Withdrawals for UK users are processed through the Faster Payment Service. On the platform, withdrawals to external wallet addresses are completed within minutes, but fees may apply, which are stated at the point of the transaction. The last option to convert USDC to Cash is by using a cryptocurrency ATM. Cryptocurrency ATMs are automated machines that https://www.tokenexus.com/nem/ enable the purchase or sale of cryptocurrencies like Bitcoin, Ethereum, or USDC. These machines are popular with crypto traders who prefer to have a physical location to exchange their cryptocurrencies for cash. With crypto ATMs, investors can sell their cryptocurrencies for cash or vice versa without the need for a bank account or credit card.
Cash out USDC in minutes
It will explore different avenues and platforms that facilitate the conversion process, highlighting their features, benefits, and potential considerations. 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. We are an affiliated Swiss financial intermediary and our regulation allows for KYC-less money exchange under certain thresholds. As a result, you can sell USDC by bank transfer without having to verify your identity below the limits shown here. Connect your wallet, see our live all-inclusive rate and confirm.
You will usually receive your money within a few hours, but always within 2 business days. Later on in this guide, I’ll go into detail about how every step works including some alternatives. Also, it’s good to know that you can do bank transfers including, SWIFT, SEPA, or IDEAL. This guide will provide you with practical steps and insights to successfully sell your USDC for cash.
They offer a regulated network under the CENTRE consortium where USDC can be created, redeemed, and exchanged. The consortium maintains strict adherence to regulatory compliance and collaborates with many governmental and financial entities to guarantee the stability and security of USDC. Some platforms or exchanges allow you to sell USDC using a credit card. Credit card transaction fees are commonly higher compared to other payment methods. When selling USDC via credit card, you can expect to pay around 5% of the transaction amount as a fee. Crypto ATM fees vary depending on the manufacturer, location, and the type of cryptocurrency being sold.
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. We pay out through the local banking systems for EUR, GBP, and DKK so you don’t have to worry about international methods. Also, if you are a US resident then this would be the place to go if you want to cash out your crypto holdings. For offline storage, you can generate a USDC paper wallet address and QR code to print out. Finalize your sale and quickly turn your USDC back into your local currency.
How to Buy, Sell, and Store USDC: A Step-by-Step Guide на сайте Nedvio
Now you can provide stablecoin access directly to your users through your own app or website. With over $50 billion in circulation, it is one of the most widely used dollar-backed cryptocurrencies. This guide sell usdc will walk through the key steps involved in buying, selling, and storing USDC tokens safely. The first CHF500 (or equivalent) that you exchange with us each year by bank transfer are completely free!
Is selling represent “more than 95%” of the Yandex Group’s revenues for the first nine months of 2023, and roughly the same portion of its entire assets and employee headcount. Will be a much trimmer outfit once this transaction closes — its remaining “non-Russian assets,” as it puts it, will include four early-stage technology businesses. These include an autonomous vehicle company called Avride; an AI cloud platform called Nebius AI; a generative AI and LLM company called Toloka AI; and edtech platform TripleTen. You can leverage USDC to reduce fees when selling or purchasing other cryptocurrencies since many exchanges don’t impose a fee for conversion to or from stablecoins. The stablecoin market is one of the most interesting ecosystems in the cryptocurrency space, and stablecoins have become a trendy asset class.
However, P2P platforms may charge fees for facilitating these transactions. P2P fees are typically in the range of 0.1% to 0.5% of the transaction value. Furthermore, cryptocurrency exchanges provide liquidity to the market, making it easier for investors to find buyers for their USDC. This is especially important for those looking to sell large amounts of USDC, as it can be difficult to find individual buyers willing to purchase the entire amount.
Bit2Me is a highly secure service that works from Europe, in a transparent and solid way, under the umbrella of our partners (More information). We are pioneers allowing the buying/selling of cryptocurrencies since 2014. It operates securely, together with tens of thousands of customers, selling from small amounts (1€), up to the amount you need. Charts provided by TradingView, the charting platform and social network that provides users with valuable information about market events through tools such as the economic calendar, stock analyzer and others.
On Centralized Exchanges
This means USDC is treated as a cryptocurrency and can only be used in the crypto space(crypto exchanges, DeFi). To deposit to a bank account you should convert USDC to USD (or any other fiat currency) first before initiating a wire transfer. On these platforms, sellers can choose from a variety of payment methods such as bank transfers, PayPal, and other online payment systems, which adds a level of convenience and flexibility.