Selling USDC made simple.
At Bitinvestor we’ve made it simple to sell USDC.
As soon as you’ve sent us your USDC, we’ll initiate a bank transfer to you. You will usually receive your money within a few hours, but always within 2 business days.
And if you face problems or have any questions, we’re ready to help in our livechat every day of the week!
How do you sell USDC?
Why sell through Bitinvestor?
Local bank transfer
We pay out through the local banking systems for EUR, GBP, and DKK so you don’t have to worry about international methods.
As soon as we receive your cryptocurrency, we intiate the bank transfer to your account.
Bitinvestor is regulated by the Danish Financial Authorities and Fintrac Canada.
Learn about USDC
The history of USDC
When we explore the world of cryptocurrencies, we come across a digital stablecoin called the United States Dollar Coin (USDC), which has made a name for itself in the financial industry. Established in 2018, USDC resulted from the joint venture of Circle and Coinbase, two of the biggest names in the cryptocurrency space, known as CENTRE.
Its simple goal of bridging the gap between digital assets and traditional fiat currencies is the cornerstone of USDC. It develops as a stablecoin, which means that its value is fixed to the US dollar, aiming to combine the immediate and international aspects of blockchain transactions with the reliable and stable value that comes with a currency that is issued by the government.
How does USDC work?
Going beyond the surface, USDC functions inside the framework of blockchain technology, just like its fellow cryptocurrencies. The idea of USDC, in contrast to decentralized cryptocurrencies like Bitcoin, is that each unit in circulation is backed by an identical number of US dollars that are kept in reserve by financial institutions subject to regulation. Users can use USDC for a variety of things, such as making online purchases, sending money across borders, or even turning their assets into a reliable digital dollar to help them manage the volatility of other cryptocurrencies. Keeping this digital asset or transacting in USDC usually require a cryptocurrency wallet.
Moreover, the process of transferring physical USD to USDC and vice versa is simple to understand. By converting fiat currency into USDC, users can use blockchain technology to send digital dollars to anyone, anywhere in the globe. If necessary, USDC can be converted back into USD once it reaches its destination. By ensuring that transactions are carried out precisely and securely, the underlying technology improves transparency and lowers the possibility of fraud.
The people behind USDC
Going a bit further, let’s acknowledge Coinbase and Circle as the driving forces behind USDC. The financial technology company Circle is devoted to creating an open financial system and facilitating peer-to-peer payments. Conversely, Coinbase is a well-known digital currency exchange and wallet that enables users to purchase, sell, and hold a variety of cryptocurrencies. 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.
Through establishing user trust, CENTRE aims to promote widespread acceptance of USDC and create an environment in which the digital dollar is utilized as a regular means of exchange in addition to trading.
What makes USDC unique?
Standing out in a sea of other cryptocurrencies, USDC exudes originality with its dependability, security, and usability. As a stable alternative to certain other erratic cryptocurrencies, USDC is fixed at a 1:1 ratio to the US dollar, which protects holders from the wild fluctuations in the market. It combines the technological capability of cryptocurrencies with the stability and confidence that come with fiat currency to create the best of both worlds.
Furthermore, security and openness are fundamental to USDC’s way of doing business. Consistent audits and compliances provide a reliable environment in which every USDC is, in fact, backed by one reserve U.S. dollar. Furthermore, it maintains user privacy while guaranteeing transactions are safe, unchangeable, and traceable thanks to blockchain technology.
Last but not least, USDC is useful for more than just investing. Its stability and acceptance by a range of platforms and merchants make it more useful in the real world, allowing users to trade, transact, and protect themselves against market swings using a digital asset that has an actual, steady value.
In conclusion, USDC represents an intriguing intersection of traditional finance and the digital frontier, preserving a digital currency that is secure, stable, and easy to use while aiming to advance our financial exchanges toward a time when the lines separating digital and physical assets will become increasingly blurred.
Frequently asked questions
When you sell USDC, we will initiate a bank transfer to your bank as soon as we receive your USDC. The money usually arrives within hours, but always within 2 business days.
As soon as we receive your USDC, the price gets locked in.
When selling, the price is locked in after your transaction has 1 confirmation on the blockchain. That usually never takes more than 5 minutes.