But we are not done yet, since USTC is an altcoin we need to transfer our BTC to an exchange that USTC can be traded, here we will use KuCoin as our exchange. KuCoin is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. But we are not done yet, since USTC is an altcoin we need to transfer our BTC to an exchange that USTC can be traded, here we will use Binance as our exchange. Binance is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs.
Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. Is after all a good place to go to buy Bitcoins when you can’t find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed. TerraUSD provides several benefits that have made it a stand-out stablecoin competitor.
But we are not done yet, since USTC is an altcoin we need to transfer our BTC to an exchange that USTC can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. The 24-hour trading volume of TerraClassicUSD is $ 7.04M. TerraClassicUSD is listed on 15 exchanges across 24 trading pairs. It is a marketplace where users can buy and sell Bitcoins to and from each other.
This information can be found by clicking on the exchange name in the table which will take you to its review page.
Last Step: Store USTC securely in hardware wallets
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading TerraClassicUSD. You can buy TerraClassicUSD on cryptocurrency exchanges like Bibox, Binance, Bitget, Bitrue and Bybit. Currently, the most popular exchange for USTC is Bibox. PancakeSwap is built on an automated market maker (AMM) system which relies on user-funded liquidity pools and that is why it can work perfectly without a traditional order book from centralised exchanges.
USTC has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. You can buy TerraClassicUSD with a credit card on Binance and other exchanges like KuCoin, OKX and Huobi Global. Using a credit card is a fast and convenient payment method for purchasing cryptocurrencies, but typically comes with higher fees than other ways of buying cryptocurrency with fiat. You can buy TerraClassicUSD with USDT on the Binance cryptocurrency exchange.
This way, TerraUSD can provide compensation to those who protect and build the network. The UST value fluctuates because it’s driven by supply and demand for the asset and the US dollar value. When the value of the UST exceeds a dollar, LUNA holders can sell tokens for UST.
Can I buy USTC with cash?
Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best. MEXC provides multiple payment services, including Simplex, Banxa, Mercuryo etc.
You can easily buy USTC (USTC) with the lowest fees and highest security levels anywhere MEXC is available. Learn how to buy USTC (USTC) with the MEXC Exchange and MEXC App now. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.
If you want to buy TerraClassicUSD with fiat currency, you can first buy USDT on Kraken with fiat and then transfer your USDT to an exchange that lists TerraClassicUSD. For example, the most popular exchange for trading [object Object] with USDT is Binance. Click on Connect Wallet if you haven’t done so already. In the next screen, confirm the transaction once more by clicking Confirm Swap.
Choose how you want to buy the USTC (USTC) crypto tokens.
Although if managed properly it is in fact more secure to store your assets in your own private wallet than on exchange wallets. If you are still uncomfortable with using a DEX just yet, check if USTC is available on any other traditional centralised exchanges on the tab above. Launched in Apr 2018, MXC is a centralized cryptocurrency exchange registered in Seychelles. It supports CNY, VND, USD, GBP, EUR, AUD deposit, and CNY, VND withdrawal.
Since we are now transferring our previously bought BTC on UpHold to this wallet, click on ‘Copy Address’ or right-click on the full address and click copy to grab this address to your clipboard. KuCoin is a cryptocurrency exchange based in the Seychelles (previously Hong Kong). Launched in September 2017, KuCoin claims to have 5 million users from over 200 countries and regions. Often known as the People’s Exchange, KuCoin now offers crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending and so forth. The exchange has one of the world’s most impressive trading pair selections, with more than 250 supported coins and 440 trading pairs. KuCoin was backed by two giant traditional venture capitals when launching – IDG Capital and Matrix Partners.
Where to buy TerraClassicUSD
Depending on the network traffic condition of the Bitcoin network, during busy times it may take even longer. Now go back to Binance and head to your exchange wallets, don’t worry if you haven’t seen your deposit here. Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU.
- Some exchanges may also ask for a phone number and photo ID, so it’s a good idea to have those ready.
- Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency.
- Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
- TerraClassicUSD (USTC) is in the top 1,000 cryptocurrencies by market cap, valued at $146,609,540.
- In the next screen, confirm the transaction once more by clicking Confirm Swap.
Thus, TerraClassicUSD is de facto a defunct stablecoin and is not expected to regain its dollar peg in the future. TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. TerraUSD was created to deliver value to the Terra community and offer a scalable solution for DeFi amid severe scalability problems faced by other stablecoin leaders like Dai. Thus, TerraUSD promises users a higher level of scalability, interest rate accuracy, and interchain usage. Depends on the policies of the exchange you might be required to go through another KYC process, this should usually take you from 30 minutes to possibly a few days maximum.
The most popular TerraClassicUSD exchanges are Binance, KuCoin, Huobi Global and OKX. There are many other crypto exchanges where you can trade TerraClassicUSD, but make sure to do your own research before making your choice. Also, make sure to check out our
cryptocurrency exchange reviews. Now go back to KuCoin and head to your exchange wallets, don’t worry if you haven’t seen your deposit here. It is probably still being verified in the blockchain network and it should take a few minutes for your coins to arrive.
To check TerraClassicUSD’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. We have seen some downward price movements over the past three months as USTC has dropped 15.49 percent. Therefore traders should spend some extra effort in researching USTC’s fundamentals and still be cautious while trading this coin. After adding the network, switch to the network on MetaMask and you should be able to see your BNB balance on the Binance Smart Chain. Now copy the address to clipboard by clicking on the account name. Now you are ready to deposit your BNB to your wallet, head over to PancakeSwap, click “Connect” at the top and choose MetaMask.
