Sell USDC | How to sell USDC | MoonPay (2024)

Table of Contents
How to sell USDC (USDC)? Sell USDC with a Card. Now Available for Customers in 80+ Countries! Why is MoonPay the best way to sell USDC? What is USD Coin (USDC)? Frequently Asked Questions about USDC Yes. You can sell USDC to MoonPay and cash out directly to your card in the following countries: Andorra, United Arab Emirates, Argentina, Australia, Austria, Azerbaijan, Belgium, Bulgaria, Bahrain, Bosnia and Herzegovina, Brasil, Switzerland, Chile, Costa Rica, Cyprus, Czech Republic, Germany, Denmark, Dominican Republic, Egypt, Spain, Estonia, Ethiopia, Finland, France, Georgia, Greece, Guatemala, Honduras, Croatia, Hungary, Indonesia, India, Ireland, Israel, Italy, Kazakhstan, Kenya, Kyrgyzstan, Kuwait, Lebanon, Saint Lucia, Liechtenstein, Lithuania, Luxembourg, El Salvador, Monaco, Moldova, Maldives, Mexico, Macedonia, Montenegro, Mozambique, Malawi, Namibia, Netherlands, Norway, New Zealand, Oman, Peru, Papua New Guinea, Poland, Portugal, Paraguay, Qatar, Romania, Saudi Arabia, Singapore, San Marino, Serbia, Slovakia, Slovenia, Sweden, Thailand, Turkmenistan, Turkey, Tanzania, United States of America (USA), Uruguay, Uzbekistan, Vatican City State, South Africa, and Zambia. Yes. If you sell USDC to MoonPay, you’ll first need to send USDC from your external wallet to the provided MoonPay wallet address. We handle the conversion process for you, and you’ll receive cash in the fiat currency of your choice. Once we've received your USDC crypto deposit, we will initiate the payout immediately. Actual delivery time will vary by bank and may take between a few minutes to 2 business days for the funds to arrive in your account. MoonPay charges a small processing fee for all USDC sell transactions, which you'll need to take into account when factoring how much USDC you can sell for cash. Exact fee amounts depend on the payment method used, and may range from 1-4.5% on moonpay.com/sell.With MoonPay's simple on- and off-ramps, users can always buy and sell USDC at fair prices with competitive exchange rate quotes. Only you can decide when it’s the right time to cash out your cryptocurrency holdings. Having an exit strategy is crucial for any investment, and this is especially true of crypto assets like USDC.Selling cryptocurrency lets you take profit, manage risk, diversify your cryptocurrency portfolio, and adapt to unforeseen circ*mstances with high liquidity. By converting your USDC holdings into fiat currencies, you maintain control over your investments and ensure financial flexibility in an ever-evolving market. MoonPay now allows you to sell USDC on Ethereum (ERC-20), Solana, Polygon, and Stellar. When selling USDC to MoonPay, be sure that you're sending from the corresponding blockchain. For example, if you sell USDC (ERC-20), double check that you're sending USDC from an Ethereum wallet address to the provided MoonPay ETH address. FAQs

How to sell USDC (USDC)?

  • 1

    Enter the amount of USDC that you wish to sell.

  • 2

    Input the bank or card details where you’d like to receive your funds.

  • 3

    Confirm the information to create your sell order.

  • 4

    Send the exact amount of USDC to the provided wallet address.

  • 5

    As soon as we receive your USDC, we’ll initiate the sell transaction and send cash to your chosen payout method.

Sell USDC with a Card. Now Available for Customers in 80+ Countries!

Introducing our latest feature, Sell-to-Card, which enables users in 80+ countries to effortlessly and instantly trade USDC for your preferred fiat currency and have the funds transferred directly to a card.

With this handy addition, selling USDC for fiat currencies and transferring funds to a card has never been easier.

Sell USDC | How to sell USDC | MoonPay (1)

Why is MoonPay the best way to sell USDC?

Sell USDC | How to sell USDC | MoonPay (2)Available globally

Sell USDC (USDC) in more than 80 supported countries using the local currency of your bank account.

Sell USDC | How to sell USDC | MoonPay (3)Convenient cashout

MoonPay supports payouts to local bank accounts, and now credit/debit cards in 80+ countries for "push to card" sell transactions.

Sell USDC | How to sell USDC | MoonPay (4)Sell what you need

Sell crypto like USDC in large or small amounts. Start by selling USDC for as little as $30 on MoonPay.

Sell USDC | How to sell USDC | MoonPay (5)Low and transparent fees

Enjoy selling USDC with transaction fees as low as 1% for bank transfers and 4.5% for cards.

Sell USDC | How to sell USDC | MoonPay (6)Non-custodial

MoonPay customers can buy USDC and store it in any supported wallet, and later cash out USDC for fiat directly to their bank account.

Sell USDC | How to sell USDC | MoonPay (7)ISO 27001 certified

MoonPay employs certain security measures to try to ensure you have a safe USDC selling experience.

What is USD Coin (USDC)?

USDC (previously called USD Coin) is a stablecoin issued and governed by Circle (previously Centre). Each USDC token in circulation is backed by Circle's reserves, in an attempt to maintain a constant 1:1 price peg with the US dollar.

Ticker
USDC

Price
undefined

24h change

7d change

Made by
Centre (now Circle)

Release date
2018

Total supply
total_supply

Market data from CoinGecko, updated every 1-5 mins

Frequently Asked Questions about USDC

Yes. You can sell USDC to MoonPay and cash out directly to your card in the following countries: Andorra, United Arab Emirates, Argentina, Australia, Austria, Azerbaijan, Belgium, Bulgaria, Bahrain, Bosnia and Herzegovina, Brasil, Switzerland, Chile, Costa Rica, Cyprus, Czech Republic, Germany, Denmark, Dominican Republic, Egypt, Spain, Estonia, Ethiopia, Finland, France, Georgia, Greece, Guatemala, Honduras, Croatia, Hungary, Indonesia, India, Ireland, Israel, Italy, Kazakhstan, Kenya, Kyrgyzstan, Kuwait, Lebanon, Saint Lucia, Liechtenstein, Lithuania, Luxembourg, El Salvador, Monaco, Moldova, Maldives, Mexico, Macedonia, Montenegro, Mozambique, Malawi, Namibia, Netherlands, Norway, New Zealand, Oman, Peru, Papua New Guinea, Poland, Portugal, Paraguay, Qatar, Romania, Saudi Arabia, Singapore, San Marino, Serbia, Slovakia, Slovenia, Sweden, Thailand, Turkmenistan, Turkey, Tanzania, United States of America (USA), Uruguay, Uzbekistan, Vatican City State, South Africa, and Zambia.

Yes. If you sell USDC to MoonPay, you’ll first need to send USDC from your external wallet to the provided MoonPay wallet address. We handle the conversion process for you, and you’ll receive cash in the fiat currency of your choice.

Once we've received your USDC crypto deposit, we will initiate the payout immediately. Actual delivery time will vary by bank and may take between a few minutes to 2 business days for the funds to arrive in your account.

MoonPay charges a small processing fee for all USDC sell transactions, which you'll need to take into account when factoring how much USDC you can sell for cash. Exact fee amounts depend on the payment method used, and may range from 1-4.5% on moonpay.com/sell.

With MoonPay's simple on- and off-ramps, users can always buy and sell USDC at fair prices with competitive exchange rate quotes.

Only you can decide when it’s the right time to cash out your cryptocurrency holdings. Having an exit strategy is crucial for any investment, and this is especially true of crypto assets like USDC.

Selling cryptocurrency lets you take profit, manage risk, diversify your cryptocurrency portfolio, and adapt to unforeseen circ*mstances with high liquidity. By converting your USDC holdings into fiat currencies, you maintain control over your investments and ensure financial flexibility in an ever-evolving market.

MoonPay now allows you to sell USDC on Ethereum (ERC-20), Solana, Polygon, and Stellar. When selling USDC to MoonPay, be sure that you're sending from the corresponding blockchain. For example, if you sell USDC (ERC-20), double check that you're sending USDC from an Ethereum wallet address to the provided MoonPay ETH address.

Sell USDC | How to sell USDC | MoonPay (2024)

FAQs

Sell USDC | How to sell USDC | MoonPay? ›

Input the bank or card details where you'd like to receive your funds. Confirm the information to create your sell order. Send the exact amount of USDC to the provided wallet address. As soon as we receive your USDC, we'll initiate the sell transaction and send cash to your chosen payout method.

How to turn USDC into cash? ›

How to sell USD Coin (USDC) with BitPay
  1. Enter an amount. Select USD Coin (USDC) and amount of USD Coin (USDC) you'd like to sell.
  2. Choose payout method. Opt for a direct bank account deposit or load funds onto your existing debit card, depending on what's most convenient for you.
  3. Complete the transaction and receive cash.

Is selling USDC to USD taxable? ›

Example: USDC to USD is a taxable transaction based on the difference between the value of the USDC when purchased and the value when it was sold, though the difference will most often be $0.

How do I cash out my USDC coin? ›

Log into your Coinbase account. Navigate to your Portfolio and select USDC. Click on the Withdraw button. Enter the amount you wish to withdraw and select your account as the destination.

How much to convert USDC to USD Coinbase? ›

Coinbase customers with US dollar accounts may exchange 1 USDC for US$1.00 (and vice versa) on Coinbase in jurisdictions where USDC support is available. The graph above reflects USDC's current and historical redemption value of US$1.00, which may not match the price of USDC on other exchanges.

How do I sell USDC for cash on Coinbase? ›

Sell crypto
  1. Sign in to your Coinbase account, on the web or mobile app.
  2. Select Buy & Sell.
  3. Select Sell.
  4. Select the crypto you want to sell, and the amount. ...
  5. Change the To destination, if applicable. ...
  6. Select Review order.
  7. Select Sell now to complete the sale.

Can I send USDC to a bank account? ›

MoonPay customers can buy USDC and store it in any supported wallet, and later cash out USDC for fiat directly to their bank account. MoonPay employs certain security measures to try to ensure you have a safe USDC selling experience.

How do I redeem Usdc to USD? ›

Similarly, when a business wants to exchange their USDC for US dollars, the business can deposit USDC into their Circle Mint account and request to receive US dollars. This process of redeeming USDC is known as “burning.” This process takes USDC out of circulation.

How much does it cost to transfer USDC to USD? ›

USDC to USD Conversion Fee Table
Net Conversions*Standard FeesLP Tier 2 Clients
Up to $40 million0%0%
> $40 million to $60 million0.05%0.05%
> $60 million to $150 million0.10%0.05%
> $150 million to $500 million0.20%0.10%
1 more row

Does Coinbase report USDC to IRS? ›

Coinbase reports to the IRS by issuing Forms 1099-MISC for US traders who earned over $600 in crypto rewards or staking during the tax year. Taxpayers must report all crypto income, even if they do not receive a 1099 form. If you receive a 1099-MISC from Coinbase, the IRS should also have received it.

Why can't I cash out my USDC from Coinbase? ›

When you use a linked bank account (ACH) to buy crypto or add cash to your account balance, the funds are placed on hold and won't be immediately available to send or cash out. Think of this like depositing a check to your bank account and having to wait for it to clear before you can remove the funds.

How do I get paid at USDC? ›

Select a crypto wallet that supports USDC. Give your USDC wallet address to the payer; it functions like a bank account number but for digital currency. For freelancers or contractors, generate and send invoices requesting payment in USDC, including your wallet address.

What is the minimum withdrawal from USDC? ›

UsdCoin (USDC):

Minimum Withdrawal: 25 USDC.

Can I convert USDC to cash? ›

If you are not using a wallet that has an exchange service, sign up on an exchange platform like Kraken and, if needed, complete their ID verification process. Then transfer the amount from your wallet onto your exchange account in order to trade USDC into the currency of your choice.

How do you convert USDC back to USD? ›

Convert USDC to United States Dollar

1 USDC equals 1.00 USD.

Is converting USDC to USD taxable? ›

The IRS treats USDC and other stablecoins just like other cryptocurrencies for tax purposes. Trading them or converting them could trigger capital gains tax obligations.

How to redeem USDC to USD? ›

Similarly, when a business wants to exchange their USDC for US dollars, the business can deposit USDC into their Circle Mint account and request to receive US dollars. This process of redeeming USDC is known as “burning.” This process takes USDC out of circulation.

How do I get my USDC back to USD? ›

If you are not using a wallet that has an exchange service, sign up on an exchange platform like Kraken and, if needed, complete their ID verification process. Then transfer the amount from your wallet onto your exchange account in order to trade USDC into the currency of your choice.

How do I withdraw USDC from crypto to bank account? ›

Here is how to withdraw money from Crypto.com and transfer it to your US bank account on the ACH network: Step 1: Open the "Fiat Wallet" from the menu button or the “Accounts” menu. Then press "Transfer" > "Withdraw" > "USD". Step 2: Click on your USD balance and choose to Withdraw USD.

What is the best platform to cash out USDC? ›

While you can use a variety of different methods to sell your USDC, most people find that crypto platforms like Kraken are the safest and easiest options.

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