Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong.

Buy USDC (USDC) in UK With GBP | CoinJar

USDC

£0.000GBP

Figures shown refer to the past. Past performance is not a reliable indicator of future results. Pricing data is provided by CoinJar.

USDC price calculator

GBP

USDC

Overview

#06Popularity

StablecoinAsset type

2018Active since

Official site

What is USDC?

USDC (USDC) is a type of that is backed by the U.S. dollar. Unlike other cryptocurrencies that have volatile prices, USDC is designed to maintain a stable value of one USDC equal to one U.S. dollar. This makes USDC a stablecoin, a digital currency that aims to provide a reliable and convenient way to store and transfer value using blockchain technology.

How does USDC work?

USDC is issued by a private company called .

Circle claims that every USDC in circulation is backed by a corresponding U.S. dollar or other approved assets held in segregated accounts with regulated U.S. financial institutions. These accounts are regularly by an independent accounting firm to ensure that the USDC supply matches the reserve assets.

You can buy USDC with fiat currency (such as Pound Sterling, USD or EUR) or other cryptocurrencies (such as Bitcoin or Ethereum) on various platforms, including CoinJar. You can also sell USDC for fiat currency or other cryptocurrencies on CoinJar.

What are the benefits and risks of USDC?

One of the main benefits of USDC is that it seemingly offers low price volatility, meaning that its value does not fluctuate significantly over time. This makes USDC suitable for storing and transferring value without worrying about losing purchasing power due to market fluctuations.

USDC can also be used as a hedge against inflation, as it is pegged to the U.S. dollar, which is considered a relatively stable currency.

This however means that the value won’t rise, it will stay stable. Customers may expect that these coins will always maintain their value with the US Dollar.

USDC is backed by U.S.-regulated reserve assets. Unlike some other stablecoins that have faced controversies over their reserve management and compliance, USDC provides regular and verifiable reports on its reserves and operations.

However, after successful audits in 2019, 2020 and 2021, there was a failed audit in 2022.

Circle hired Deloitte for the 2023 audit, and the results are .

There are risks with stablecoins, however please see below.

Cash, credit or crypto?

Buy USDC using Visa or Mastercard. Get cash in your account with Faster Payments Service (FPS). Convert crypto-to-crypto with a single click.

How to buy USDC with CoinJar

Start your cryptocurrency portfolio with CoinJar by following these steps.

Step oneDownload the appGet the CoinJar app on iOS or Android.

Step twoCreate an accountCreate an account with CoinJar and verify your ID.

Step threeMake a purchaseBuy more than 60 cryptos using Faster Payments, SEPA, bank transfer, or a debit card.

Get the CoinJar app

Great

TrustScore 4.2 |Trustpilot

Finder Awards Winner 2023

CRYPTO TRADING - VALUE

CoinJar was named the Best Exchange for Value in the UK as part of Finder's Crypto Trading Platform Awards - second year running! Check out our blog to see why Finder chose us over the competition.

best crypto exchange, buy bitcoin, buy tether, buy xrp

Featured In

CoinJar App

All-in-one crypto wallet

Buy, sell and send your crypto with our cryptocurrency app.

Past performance is not a reliable indicator of future results. Figures shown are for illustrative purposes only and are not actual market data.

CoinJar Exchange

FOR PROFESSIONAL CRYPTO TRADERS

Purpose-built for institutions, market makers and professional traders, CoinJar Exchange offers 0%-0.1% fees, personalised trading layouts and ability to trade crypto with GBP, EUR, USD and AUD.

CoinJar DCA & Bundles

AUTOMATE & DIVERSIFY YOUR PORTFOLIO

Dollar Cost Average (DCA) into individual cryptocurrencies or CoinJar Bundles. Choose your assets or Bundles with themed baskets of crypto in the CoinJar app. Use Recurring Buy to set up automated weekly, fortnightly, or monthly purchases at your chosen rate.

Frequently asked questions

What is USDC?

USDC (formerly USD Coin) is a digital currency that is redeemable 1:1 for US dollars.

It is built for rapid global payments and 24/7 financial markets. USDC uses a blockchain infrastructure.

Standard Risk Warning The above article is not to be read as investment, legal or tax advice and it takes no account of particular personal or market circumstances;

Important Note for UK Residents: If you come across this article, remember that cryptocurrency investment is high-risk. Be prepared to lose your entire investment. No protection is guaranteed if things go wrong. Remember, this article does not constitute

There is a risk that any particular stablecoin may not hold their value as against any fiat currency; or may not hold their value as against any other asset. Stablecoins carry the following risks: Depegging events: Depegging events may occur with stableco

‘Meme coins’ (e.g. DOGE, SHIB, PEPE) are crypto-assets whose value is driven primarily by community interest and online trends. Meme coins carry the following risks: Volatility risk: Meme coins can have extreme price volatility, often experiencing rapid a

Specific risks associated with wrapped tokens CoinJar offers certain Wrapped Tokens such as Wrapped BTC (WBTC) which stems from DeFi. Pegged to the same value as Bitcoin itself, WBTC is a way of representing Bitcoin ownership on the Ethereum network (i.e

Specific risks associated with DeFi tokens Decentralised Finance (or ‘DeFi’) tokens (e.g. UNI, AAVE) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology. DeFi tokens carry the following risks:

CoinJar

Company

Support

Legal

Crypto on CoinJar

Your information is handled in accordance with CoinJar’s .

Cryptoassets traded on CoinJar UK Limited are largely unregulated in the UK, and you are unable to access the Financial Service Compensation Scheme or the Financial Ombudsman Service.

We use third party banking, safekeeping and payment providers, and the failure of any of these providers could also lead to a loss of your assets. We recommend you obtain financial advice before making a decision to use your credit card to purchase cryptoassets or to invest in cryptoassets. Capital Gains Tax may be payable on profits.

CoinJar’s digital currency exchange services are operated in the UK by CoinJar UK Limited (company number 8905988), registered by the Financial Conduct Authority as a Cryptoasset Exchange Provider and Custodian Wallet Provider in the United Kingdom under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (Firm Reference No. 928767).

Apple Pay and Apple Watch are trademarks of Apple Inc. Google Pay is a trademark of Google LLC.

This site is protected by reCAPTCHA and the and apply.

CoinJarGet the app.