BTC to USDC Exchange | Convert Bitcoin to USDC (Ethereum) on SimpleSwap (2024)

FAQs

Can you convert BTC to USDC? ›

1 BTC equals 66,614.86 USDC. The current value of 1 Bitcoin is +0.52% against the exchange rate to USDC in the last 24 hours. ​ ​Create a free Kraken account to instantly convert BTC to USDC or trade BTC/USDC markets today.

Select currencies you want to swap and click the Exchange button. The currency you want to receive will be sent to this address after the exchange. To continue, send the indicated amount of coins to the deposit address. That's all!

SimpleSwap is an instant easy-to-use crypto exchange free from sign-up that makes it convenient to convert USDC to ETH. Moreover, we have over 1000 cryptocurrencies that you can buy, sell, and exchange.

Ledger Live, with our partners, allows you to swap Bitcoin, Ethereum, USDT, USDC, Chainlink, Uniswap, XRP, Stellar, and many more.

Swapping cryptocurrency for a stablecoin is considered a disposal event subject to capital gains tax. Is converting BTC to UDSC a taxable event? Yes. In this case, you'll incur a capital gain or loss depending on how the price of your BTC has changed since you originally received it.

The coin exchange time usually varies from 5 to 60 minutes. There are rare occasions when more time is needed. The processing speed depends on how long it takes for a block to be included in the network.

SimpleSwap is the most user-friendly and reliable instant service for cryptocurrency and fiat-to-crypto exchanges that supports more than 500 currencies.

As such, there's no mandatory KYC for SimpleSwap users, making it an easy option for buying and selling crypto without needing to provide your personal information in the process.

The Zengo wallet is the most secure and easy way to trade Bitcoin for Ethereum.

Where can I exchange Bitcoin for Ethereum? ›

With ChangeNOW, Bitcoin to Ethereum conversions are simple, transparent, and you don't even need to register.

You can't send bitcoin to an Ethereum address. (Well, you can, but it would be lost in the crypto abyss forever.) Pay careful attention when it comes to cryptocurrencies that look alike — don't send BTC to a BCH address or ETC to an ETH address.

Swapping Bitcoin (BTC) to USD Coin (USDC) is a simple and straightforward process with ZenGo. Within a few moments, you can securely swap your BTC for USDC or vice versa.

One of the fastest and cheapest ways to cash out your USDC is with a Xapo Bank account. When you transfer USDC to your Xapo account, it is converted to USD the moment it is received and the USD is immediately available for you to spend or transfer.

USDC is natively supported on Ethereum as an ERC20 token.

Same as above; trading one crypto asset for another crypto asset, including stablecoins, is a taxable event. When you trade your Bitcoin or Ethereum for USDC it will be considered as a disposal event. Capital gains will be incurred based on the price fluctuation of the asset since the original purchase date.

Find a crypto exchange or app – Selecting the right platform is essential to ensure a smooth conversion process. Consider the different factors that are important to you, for example supported currencies, user-friendly interfaces, fees, etc. One of the best apps to convert Bitcoin to USD is the Xapo Bank app.

USD Coin (USDC) is a stablecoin, a cryptocurrency backed by U.S. dollars or dollar-denominated assets like U.S. Treasury securities. USDC's cash assets are held in segregated accounts with regulated U.S. financial institutions and its reserve portfolio is held at the Bank of New York Mellon.