Ethereum (ETH) and USD Coin (USDC) are digital currencies with different purposes. ETH is a volatile cryptocurrency, while USDC is a stablecoin, but some users swap one for the other to preserve losses during a dip or bear market, maintain gains, build a portfolio, or avail of something that can only be bought using the other currency.
And if you’re here looking for ETH to USDC crypto swap services, keep reading as we’ve got the info you need
What Is ETH?
ETH is the native cryptocurrency of the blockchain-based network Ethereum and is also the second largest crypto by market capitalization. Launched in 2015, ETH was designed as a payment method for Ethereum-related transaction fees as well as collateral by network validators. ETH’s use cases have grown since then, and nowadays individuals and businesses also use it for daily transactions such as shopping and dining, remittances, splitting bills, and more
What Is USDC?
USDC is a stablecoin that mirrors the value of the U.S. Dollar. It was launched in 2018 to provide an alternative USD-backed digital currency in the crypto market, and it’s become the second most popular stablecoin since then. Users have also started using it for various means, including sending crypto, swapping crypto, paying for stuff, etc.
What Is a Crypto Swap?
Crypto swap refers to the process of directly converting one crypto for its equivalent value in another digital currency. “Directly” means there’s no intermediary involved in the process, whether it’s a bank, governing body, or even a third coin or token.
Where to Swap ETH for USDC?
Crypto swapping has become so in demand that a lot of crypto and financial technology (FinTech) platforms have already incorporated swap features into their products. These include Ka.app, a crypto app for beginners that allows you to send crypto for free, along with some crypto exchanges, crypto wallets, crypto conversion sites, and more.
Ethereum to USD Coin Swapping Guide
If you’re keen on learning how to swap Ethereum for USDC, Ka.app has two swap-related features, so you can convert in two different ways using the app.
1. Swap Feature
Ka.app’s Swap feature allows you to quickly convert ETH to USDC and vice versa in just a few steps. Here’s the step-by-step guide:
- Sign in to Ka.app.
- Once you’re on the home screen, scroll down to see the list of assets and tap “Ethereum.”
- Tap the Swap icon.
- Tap “USD Coin.”
- Enter the amount of ETH you’d like to swap for USDC. You may also or choose the percentage of the coins you’d like to convert (10%, 25%, 50%, or 100%).
- Confirm the swap by entering your pin code.
- Wait for the USDC assets to reflect in your wallet.
2. Easy Swap Engine
What sets Easy Swap apart from the Swap feature is that it’s designed for users to receive payments in their preferred currency. Therefore, if someone wants to send you ETH but you prefer to receive payments in USDC, you can set up the Easy Swap Engine to convert all ETH payments (or any other crypto) to USDC, and every time you receive them, the feature will automatically convert them to USDC for you.
The Easy Swap Engine is easy to set up:
- Sign in to Ka.app.
- Look for the settings icon on the upper right part of the home screen and tap.
- The drawer will open. Tap “Easy Swap.”
- Tick “Enable Easy Swap.”
- On the first dropdown, tap “Ethereum” and all the other currencies you’d like to swap for USDC.
- On the second dropdown, tap “USD Coin.”
- You’re done! All converted payments will automatically reflect in your wallet.
How Much Are the Swapping Fees?
Crypto swapping fees may vary depending on which platform you use. In Ka.app, the rate may also depend on whether you’ve locked up KASTA tokens in the app or not. Those who lock up tokens enter tiers that offer lower swap fees, which can go as low as 0.376% per transaction.
Final Thoughts
Swapping crypto doesn’t have to be complicated. In fact, with Ka.app, it only takes just a few steps. You don’t also need to worry about the safety of your assets because Ka.app passed thorough security audits, and complies with regulations that help prevent hacking, fraud, money laundering, and other illegal financial activities
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FAQ
How long does it take to convert ETH to USDC in Ka.app?
Within just a few seconds. Ka.app facilitates crypto transactions quickly, including crypto swaps.
Which currencies can I swap in Ka.app?
As of writing, Ka.app facilitates ETH, USDC, USDT, Bitcoin (BTC), Binance Coin (BNB), Cardano (ADA), Polygon (MATIC), KASTA token, and Binance USD (BUSD) crypto swaps.
Is there a swapping limit in Ka.app?
None. You can swap as many coins or tokens as you need in Ka.app.