Where and how to buy USD Coin in Philippine
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a USD Coin order through any of the various payment options provided.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
Step 4:Monitor USD Coin in your Bitget spot account
Alternative methods to obtain USD Coin in Philippine
Convert crypto to USD Coin with Bitget Convert
Swap on-chain assets to USD Coin with Bitget Swap
Methods to obtain USD Coin for free
Buy other cryptos
Buy USD Coin in a different country
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How to buy USD Coin in other countries?
What can you do with USD Coin?
Store/Hold USD Coin
Many users hold on to their USD Coin with the expectation of it increasing in value. You can store your USDC safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade USD Coin
You can trade USD Coin for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for USD Coin trading to meet your needs.
Send USD Coin
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy USD Coin online and send to anyone and anywhere with their USD Coin address.
Spend USD Coin
You can also buy goods and services with your USD Coin. More and more vendors and retailers accept USD Coin every day.
Donate USD Coin
Bitget Charity accepts USD Coin donations for global projects that aim to improve the lives of people in the bottom billion. You can donate USD Coin so no one misses out on the growth made possible by blockchain.
Learn More About USD Coin
You can read more in-depth articles on USD Coin from Bitget Research and study how cryptocurrencies like USD Coin work on Bitget Academy
Market stats to assist in determining optimal times for purchasing USD Coin
What is USD Coin (USDC)?
USD Coin (USDC) is a USD stablecoin issued by CENTRE, a consortium created by Coinbase exchange and a fintech company called Circle. Its value is pegged to the US dollar by fiat currencies and commodities at a 1:1 ratio, which means that 1 USDT is equal to 1 USD.
USDC was first launched as a ERC-20 token in 2018, and has since expanded to other major platforms. 2021 was a big year for the stablecoin as Visa started to accept payments made with USDC.
While there are many USD stablecoins in the market, USDC stands out amongst the crowd because it is created by a regulated entity that is registered with the US government as a Money Service Business. Besides being regulated, reserves backing USDC are audited by Grant Thornton on a monthly basis, ensuring the value and liquidity of the cryptocurrency.
How USD Coin (USDC) Works
USDC is a fiat and commodity collateralized stablecoin, which means that for every USDC token issued, there is a dollar or a dollar value in dollar-denominated assets. To maintain the balance between the reserve and the amount of USDC, new USDC is minted every time you use fiat to buy USDC and the fiat is deposited into the reserve; likewise, when you sell USDC to get fiat, the fiat is transferred from the reserves to your bank account and the sold USDC is burned.
How Many USD Coin (USDC) Tokens Are in Circulation?
According to the data by the parent company Circle, there are 48.7 billion USDC in circulation as of September 2022. USD 48.8 billion is kept in USDC reserves, in which 10.2 billion is in cash and the remaining 38.6 billion in short-duration US treasuries.
How to Buy USD Coin (USDC)
Consider investing in USD Coin (USDC)? It only takes 2 minutes to create an account on Bitget and start trading USDC.
Check out the available USDC trading pairs on Bitget!
Futures market
Spot market
USD Coin (USDC) Resources
Buy USD Coin in Philippine with Bitget
How to safely store your USD Coin
- Sign up and transfer USDC to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your USDC.
How to withdraw USD Coin with Bitget's hassle-free withdrawal process
The Philippines (officially the Republic of the Philippines) is a Southeast Asian archipelago of approximately 7,641 islands. The Philippines has a population of 110 million and is also the second country in Southeast Asia that has a population exceeding over 100 million. The Philippines also has a long history of colonized rule; it was ruled by Spain, the US, and Japan, which created a rich and spanning history in the Philippines.
The official languages in the Philippines are English and Filipino, so you can easily enjoy the service on Bitget as it is fully supported in English regardless of Bitget app or website. The Philippine peso (PHP) is the country's currency, and you can use PHP to buy USD Coin(USDC) on our P2P, spot, and futures trading right away on Bitget. Whether you are in Manilla, Quezon City, or Davao City, Bitget is ready to serve you with any cryptocurrency needs with the best trading experience.
The Philippines is also famous for its incredible diving spots that attract thousands of divers to the country each year. One of the most well-known diving spots in Coron Town, it is the largest town on Busuanga Island. Its beautiful beaches are surrounded by limestone cliffs. The unique terrain attracts many tourists every year. In particular, 14 well-known World War II wrecks have been preserved, and the remains can be found at a depth of 5 to 40 meters, and each ship is about 100 to 200 meters long.
USDC to local currency
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