HiExchange supports a diverse number of stablecoins and you can now Buy USD Coin with Perfect Money on the platform. USD Coin is a solid stablecoin that offers excellent transparency regarding their reserve. In fact, a vast majority of institutional investors use USD Coin to hold their digital assets. The reliability factor is what sets USDC ahead of its competitors such as Tether. Furthermore, the transaction fees are very low so that investors can easily exchange their cryptocurrencies to USDC. Users can now buy USD Coin with Perfect Money or other options on HiExchange anonymously.
What is USD Coin?
USD Coin owns the world’s largest stablecoin industry ecosystem in the world. It is a cryptocurrency that is pegged to US dollar in terms of value. That means that each USCD will always be worth $1. Stablecoins are used as a hedge against inflation and volatility in the crypto market. However, they can also be used as an alternative way to hold assets on the blockchain network.
As good as stablecoins might sound, there has always been concern about the companies not being honest about their dollar reserve. Basically, for every 1 USDC the company issues, they must hold $1 in their accounts. As a matter of fact, there are rumors regarding some large companies not having the dollar equivalent of their stablecoin. If a solid reserve does not back a stablecoin, the currency will lose value and seriously damage the investor’s funds. In that regard, USD Coin aims to provide full transparency about their reserves.
USDC is managed by a consortium called Centre which is a part of the payment technology company Circle. Much like TrueUSD, they offer monthly attestation reports by Grant Thornton to ensure investors regarding their reserves. Where they differ from TrueUSD, is that TrueUSD only holds dollar in different accounts but USD Coin also holds other assets such as gold.
You can also exchange USD Coin to PayPal with very low exchange fees.
Why Buy USD Coin with Perfect Money?
Perfect Money is an e-currency used for making payments on the internet. It is widely accepted as payment option by countless platforms. With Perfect Money, you can do a lot! Be it transferring funds to others or pay for goods and services. Or how about buying cryptocurrencies or even buying fiat currencies. It is a seriously popular payment method for online users. An additional capability is to loan and receipt issuance throughout the system.
The biggest downside of Perfect Money, however, is that you cannot cash Perfect money to your bank account on its website directly. For that, you will need a platform like HiExchange to exchange your Perfect Money to PayPal and other e-currencies. To learn all about Perfect money continue reading “What is Perfect Money”.
You can also buy USD Coin with other currencies such as Payeer USD.
HiExchange to the Moon!
Cryptocurrencies are a financial apparatus to maximize privacy and efficiency. Sadly, regulations have been severely disrupting the market as they compromise both.
HiExchange seeks to be a platform that offers privacy and efficiency simultaneously while offering some of the most aggressive exchange rates in the market.
To make this happen, the platform does not require KYC or a sign up process. This way, all customers can easily make transactions without a possible compromise on their personal information.
However, privacy is a crucial element and not a luxury. In that regard, the platform offers some of the most competitive rates amongst all online exchanges. The rates are automatically determined utilizing an automated system and are updated as soon as change in value is detected.
Last but not least, by offering true 24/7 support, all customers will be in touch with the team in case anything goes unplanned.
How to Buy USD Coin with Perfect Money?
There are five simple steps to buy USD Coin:
- Enter the homepage first, then select Perfect Money and USD Coin (USDC) from the options in the first step. Enter the amount you want to exchange. Following that, the amount of USDC you will receive will automatically calculate.
- Press Exchange and you will go to the next stage where you will enter your USD Coin wallet details, email, and phone number.
- One more time, click on the “Exchange” button and you will go to the next step where you will review your order.
- Complete the captcha and click on exchange to go to the next step where you will obtain a tracking ID. Press the “Pay Order” button to go to the Perfect Money gateway and make the payment to our Perfect Money account. Having transferred your Perfect Money to HiExchange, your order will process very quickly.
- By finishing all the steps above, our team of professionals will send the USD Coin to your wallet as soon as possible
And That’s it!
When you finish the steps above, our team will immediately follow up your order and make the payment to your wallet. The process might take a short while. You can spend some time reading the latest crypto news on HiExchange Blog while waiting for your order. Keep in mind that our support team is online 24/7 in case you have any questions or problems.