Step-by-step instructions on how to sell USDC for Canadian dollars or cryptocurrency.
USD Coin is a well-known cryptocurrency that trades under the ticker symbol USDC. USD Coin was created on 2018-05-17. While Coinsquare does not support this token, it can be purchased on other trading platforms for any major cryptocurrency like BTC, ETH, and XRP or fiat currency like Canadian dollars, US dollars, and euros. To learn how to sell USD Coin / USDC, scroll down to the “How to sell USDC” section.
Step-by-step guide to selling USD coins
Most users who sell USDC do so for Bitcoin (BTC) or Ethereum (ETH). While you unfortunately can’t sell USDC directly on Coinsquare, you can sell them on an altcoin exchange for Bitcoin or Ethereum and then cash out using Coinsquare in fiat currency like Euros or Canadian dollars.
To sell USD Coin, simply follow these steps:
- Sign up with an altcoin exchange and fund your account with USD Coin or load USD Coin into a Bitcoin ATM.
- Signing up with an altcoin exchange is the easiest way to sell USDC for Bitcoin or Ethereum, which means you can cash out faster.
- Selling USD Coins for Bitcoin or Ethereum
- Bitcoin and Ethereum are the two most widely traded cryptocurrencies, so you should have easier access due to their higher volume and liquidity.
- Deposit to your Coinsquare account by clicking “Deposit” in the top menu and then following the instructions for Bitcoin or Ethereum, depending on which currency you want to deposit with.
- Sell your Bitcoin or Ethereum for fiat currency, such as euros or Canadian dollars, using Quick Trade.
- Quick Trade is located on the left side of your Coinsquare dashboard. You can sell any cryptocurrency on our platform in just three clicks.
- Have your Euro or Canadian Dollar amount withdrawn directly from Coinsquare to your bank account.
- To do so, click on “Withdraw” in the top menu bar on your dashboard and follow the instructions.