USDC stands for USD Coin, which is a type of stablecoin. It is a digital asset designed to be pegged to the value of the US dollar on a 1:1 basis. The primary purpose of USDC is to provide stability and serve as a medium of exchange within the cryptocurrency ecosystem.
In other words, USDC is less volatile than other digital currencies, which makes the coin an excellent investment for beginners. It is an open-source project, meaning anyone can contribute or view the code that backs the project.
The most significant appeal of USDC is that it is not associated with the United States government; it is an entirely decentralized asset.
Is USDC A Wise Investment?
USDC and other stablecoins have low risks because the coin won’t lose value as long as the American dollar does not lose value.
USDC is also easy to exchange back to fiat, and you will see little difference in value. The only amount lost would be the conversion fee.
How To Buy USDC
Lucky for you, Byte Federal offers USDC at their Bitcoin ATMs and has over 1,000+ locations nationwide. Before heading to the BATM, you must download a digital wallet to purchase your USDC. Also, please note that Byte Federal only accepts cash as a form of payment.
If you have yet to register with Byte Federal, you must do so to purchase. All you need to register is a government-issued ID. Once registered, select that you want to purchase USDC, scan the QR code provided by your digital wallet, and then enter the desired amount of fiat you’d like to turn into cryptocurrency.
Learn More About Where To Buy USDC
Now that you know how to buy USDC, you just need to locate the nearest Byte Federal Bitcoin ATM. Using a BATM is the easiest way to purchase crypto, and we will make it even easier for you.
Check out this website to discover where you can find an ATM near you.