Commission-Free USDC Crypto Trading With Coinbase

Koody
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November 25, 2022
· 4 min read
Commission-Free USDC Crypto Trading With Coinbase
Commission-Free USDC Crypto Trading With Coinbase

WARNING: Cryptocurrency is not regulated by the Financial Conduct Authority (FCA) and is not subject to protection under the Financial Services Compensation Scheme or within the scope of jurisdiction of the Financial Ombudsman Service. Investing in cryptocurrency comes with risk, and cryptocurrency may gain in value or lose some or all value. Capital gains tax may apply to profits from cryptocurrency sales. Content is for informational purposes and is not investment advice. Past performance is not indicative of future results. Investing in cryptocurrency comes with risk.

Contents:

Commission-Free USDC Crypto Trading

Coinbase is currently offering commission-free crypto trading when you trade USDC on the Coinbase platform. That means you can buy USDC using British pounds without incurring transaction fees attributed to Coinbase (spread, and processing fees charged by third-party processors, will continue to apply).

Coinbase will also pay a 1% APY on any USDC you stake on the platform. Upon purchase of USDC, you will be automatically opted into rewards. If you’d like to opt-out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.

Please keep in mind that cryptoassets are highly volatile unregulated investment products with no UK or EU investor protection. You could lose all the money you put into them. Capital gains tax may apply to profits from cryptocurrency sales.

Promo: Get £5 in Bitcoin after your first trade on Coinbase. Terms apply.

DISCLAIMER: After you make a crypto purchase, BTC will be added to your portfolio. Limited time offer. Offer available to new users only. Offer not available to new users referred to Coinbase through the Referral Program or who have previously opened an account using different contact information. Coinbase may update the conditions for eligibility at any time.

Click here to visit Coinbase.

What Is USDC?

USD Coin or USDC is a type of cryptocurrency referred to as a stablecoin pegged on a one-to-one basis to the US dollar. According to Coinbase, you can always redeem 1 USD Coin for US$1.00, giving it a stable price. On Coinbase, eligible customers can earn rewards for every USD Coin they hold.

Each USDC is backed by one dollar or asset with equivalent fair value to the USDC in circulation held in segregated accounts with US-regulated financial institutions. According to the founders, such accounts are verified publicly by an independent accounting firm. You can find those here.

USD Coin was created by the Centre consortium, a partnership between peer-to-peer payment services company, Circle, and cryptocurrency exchange, Coinbase.

Visit Coinbase.com or review the stablecoin whitepaper for more information on USDC. To start using USDC, log into your Coinbase.com, Coinbase Prime, or Coinbase Exchange account. If you are an institutional client, you can also review Coinbase’s USDC overview documentation for Coinbase Prime and Coinbase Exchange.

What Is Coinbase?

Coinbase is a cryptocurrency exchange that is building the crypto economy – a more accessible, fair, efficient, and transparent financial system enabled by cryptocurrency. The company started in 2012 with the idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader crypto economy.

Users can set up recurring trades by scheduling daily, weekly, or monthly buys. The Coinbase iOS and Android mobile apps will also allow you to track your trades and monitor market movements.

With Coinbase Wallet, a self-custody wallet, you can store all your crypto and NFTs in one place, support hundreds of thousands of tokens and dApps, explore the decentralised web on your phone or browser, and protect your digital assets with industry-leading security.

Coinbase may charge fees when you buy, sell, or convert cryptocurrencies. Fees are calculated at the time you place your order and may be determined by a combination of factors, including but not limited to your location, the selected payment method, the size of the order, and market conditions such as volatility and liquidity. Fees will be listed in the trade preview screen before you submit your transaction and may differ for similar transactions.

Coinbase also includes a spread in the price when you use Simple Trade to buy or sell cryptocurrencies, as well as in the exchange rate when you convert cryptocurrencies. This allows Coinbase to temporarily lock in a price for trade execution while you review the transaction details prior to submitting your transaction. When using Advanced Trade, no spread is included because you’re interacting directly with the order book.

Is Coinbase Safe?

Coinbase is registered with the UK’s financial watchdog, the Financial Conduct Authority (FCA). Have a look at its permissions on the FCA register

In April 2021, Coinbase became the largest publicly traded crypto company in the world. That means it operates with more financial transparency and makes its financial statements available each quarter.

The technology that powers the Coinbase platform was developed with industry-leading security and encryption at its core, and the Coinbase security team is constantly working to make sure you and your assets are protected from emerging threats. From auto-enrolled two-factor authentication (with security key support) and password protection to multi-approval withdrawals in Coinbase Vault, Coinbase provides powerful security features to all its users.

WARNING: Cryptocurrency is not regulated by the Financial Conduct Authority (FCA) and is not subject to protection under the Financial Services Compensation Scheme or within the scope of jurisdiction of the Financial Ombudsman Service. Investing in cryptocurrency comes with risk, and cryptocurrency may gain in value or lose some or all value. Capital gains tax may apply to profits from cryptocurrency sales. Content is for informational purposes and is not investment advice. Past performance is not indicative of future results. Investing in cryptocurrency comes with risk. 

CLICK HERE TO VISIT COINBASE.

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