Bitvavo is registered with the Dutch Central Bank and guarantees €100,000 per account and customer in case of unauthorised access.
Bitvavo, the cryptocurrency exchange platform that 11Onze Recommends, has recently announced that its users can now trade 10 USDC pairs while offering some of the most competitive rates in the market.
Trading pairs are a direct trade or exchange rate between two different assets. In the foreign exchange markets, we would be talking about an exchange between two currencies, such as the dollar and the euro. While in the cryptocurrency markets, we refer to two types of digital currencies that can be bought and sold against each other on an exchange or trading platform. An example could be the trade between Bitcoin (BTC) and Ethereum (ETH).
Bitvavo, which 11Onze recommends, already offered the possibility of trading pairs with the euro, but now, its users can also trade 10 USDC pairs. With commissions of 0.05% or lower – some of the most competitive in the market – that reaffirm Bitvavo as one of the most cost-efficient cryptocurrency exchange platforms in the sector.
These new trading pairs include some of the most popular cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Solana (SOLO) and Ripple (XRP). As well as memecoins, such as Dogecoin (DOGE) and Shiba Inu (SHIB). In addition, pairs can be made with Avalanche (AVAX), Polkadot (DOTE) and the artificial intelligence (AI) project Artificial Superintelligence Alliance (FACT).
Currently, USDC trading pairs are only available for Bitvavo’s “Pro Mode” interface, via their website (mobile or desktop). Shortly, they will also be available on the Bitvavo app.
What is USDC?
USDC is a type of cryptocurrency that is known as a stablecoin and is pegged to the US dollar. In other words, it is a digital dollar backed by cash or an asset with an equivalent value and exchangeable 1:1 for US dollars.
The organisation behind USDC is Circle, the first global stablecoin issuer to receive a licence under the European Union’s Markets in Cryptoassets (Mica) regulatory framework. This approval allows Circle to issue its USDC and EURC tokens in compliance with EU regulations.
Unlike most cryptocurrencies (such as bitcoin or ether), USDC always maintains the same value and its volatility is almost zero, so it can be used as a hedge in periods of high market volatility. In this way, stablecoins such as USDC offer a reliable alternative for users seeking the benefits of cryptocurrencies without the risk of drastic changes in value, making them particularly useful for transactions, remittances and as a store of value.
11Onze Recommends Bitvavo, cryptocurrencies easily, securely and at a low cost.
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gràciess
Gràcies a tu, Joan!!!