Want more stablecoins? You can now exchange USD Coin to PayPal on HiExchange platform with the lowest exchange fees. USD Coin is yet another dollar backed stablecoins that offers excellent transparency for investors. Hundreds of companies are now using USDC to hold their assets thanks to the security and reliability. It is yet another strong competitor for Tether as investors look for better options. Users can now exchange USD Coin to PayPal, Perfect Money, or Webmoney anonymously.
What is USD Coin (USDC)?
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 buy USD Coin with Perfect Money USD and Payeer USD on HiExchange.
Why Exchange USD Coin to PayPal?
PayPal is an online trade company that facilitates payments between parties through online transfers. Its system allows clients to set up an account on its platform that is linked to the user’s credit card or checking account. Upon confirmation of identification and proof of funds, through the website or application of the company, users can begin sending or receiving payments online to and from other PayPal accounts.
As mentioned above, in order to transfer money to others using the receiver’s email address or mobile phone number, PayPal account holders can use the website or mobile application of the company. Within only a matter of minutes, transactions go through and the company promises that transfers are immediately available for payment or withdrawal to a bank account.
The ease of use and the wide acceptance makes the exchange cryptocurrencies to PayPal one of the best options when you need some cash to spend online.
All that said, you also have the ability to exchange USD Coin (USDC) to Perfect Money USD, Payeer USD or Webmoney USD.
HiExchange is Better!
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 Exchange USD Coin to PayPal?
- Enter the Homepage on HiExchange. Select USD Coin on the left field and PayPal on the right one. Enter the exchange amount and wait for the rates to apply.
- Click on Exchange and you will be forwarded to the next step where you will need to enter your PayPal account details, USDC wallet address, email, and phone number (optional).
- Click on “Exchange” one more time as you go to the next page to review your order.
- At this point, you will obtain your Tracking ID, an address and an explorer URL.
- On this step, please dedicate some time to review our terms and conditions and the instructions.
- Transfer your USD Coin to the HiExchange wallet address that is provided for you.
- Finally, click on the “I’ve paid” button.
When you complete the steps, our team will immediately process your order. Keep in mind that PayPal payments might take a while to transfer. In the meantime, you can pay a visit to HiExchange Blog and read some of the latest news articles about the crypto market. If you have any questions or problems, you can get in touch with the 24/7 online support section on the website.