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How to Swap USDC Quickly

by Pat

Content Manager

Crypto users sometimes swap volatile coins or tokens (e.g., Bitcoin, Ethereum, etc.) for stablecoins like USD Coin (USDC) to protect yields or prevent losses during a dip or a bear season. On the other hand, USDC holders sometimes swap their stablecoins for volatile cryptocurrencies to embark on potential earning opportunities, or when they want to buy something or use a service that only accepts a specific volatile coin or token.

Having said that, we’ve created a guide to help you swap USDC for another cryptocurrency or vice versa quickly and easily, regardless if it’s for trading, yield multiplication, peer-to-peer (P2P) transaction, or any other reason.

What is USD Coin?

USDC is the second most popular digital stablecoin, next to Tether (USDT), and the 4th largest cryptocurrency in terms of market capitalization. It’s an ERC-20 coin pegged to the U.S. dollar, which was launched in September 2018 by financial technology (fintech) company Circle and the consortium co-founded by Coinbase called Centre.

Can USDC be Swapped?

Yes. Many digital platforms such as Ka.app, the crypto payment app that allows you to send Bitcoin (BTC) easily, have features that facilitate crypto swapping, including USDC swaps.

Why Do Users Swap USDC for Another Cryptocurrency?

Users swap USDC for another crypto for different reasons. For instance, a user may convert USDC to volatile crypto such as Ethereum (ETH) to take advantage of earning opportunities (e.g., trading or staking crypto), use the Ethereum network, or buy or avail services from a merchant that only accepts crypto payments in Ethereum.

On the other hand, a user may swap USDC for another stablecoin USDT if they want to buy a coin or token that uses USDT as their trading pair, withdraw crypto using a platform that only accepts USDT, or buy something that only accepts USDT for crypto payments.

What Is the Cheapest Way to Swap USDC?

Swapping rates may vary depending on the platform you use. In Ka.app, swapping costs may depend on whether you’ve locked up tokens in the app or not. The more KASTA tokens you lock up in the app, the lower swapping rates and higher annual percentage yields (APYs) you can enjoy.

How to Convert USDC to Other Crypto

You can swap USDC for another crypto using two different features in Ka.app: the Swap feature and the Easy Swap Engine. The how-to swap USDC step-by-step guides are as follows:

1. The Swap feature

Ka.app’s Swap feature is an easy-to-use button that enables you to directly swap one crypto for another in just a few steps. Let’s say you want to convert USDC to Bitcoin, here’s how you can do it using the Swap feature:

  1. Log in to the app.
  2. Go to the home page, scroll down to see the list of assets, and click USD Coin.
  3. Once you’re on the USDC page, click the “Swap” button.
  4. Choose the crypto you want to convert USDC to, which in this case is BTC
  5. Enter how much USDC you’d like to swap. You may also choose the percentage (10%, 25%, 50%, or 100%).
  6. Enter your pin code to confirm the transaction.
  7. Go to the BTC page to double-check if the transaction was successful.

2. The Easy Swap Engine

The Easy Swap Engine is designed for users to automatically receive payments in their preferred currency. This means a friend can send you USDC and you can receive them in BTC or any other crypto when you enable the Easy Swap feature. Here’s how it goes:

  1. Log in to the app.
  2. Look for the “settings” icon on the upper right part of the home screen and click.
  3. When the drawer opens, click “Easy Swap.”
  4. Turn on the “Enable Easy Swap” button.
  5. On the first dropdown, choose USDC.
  6. On the second dropdown, choose BTC (or any other token you want to convert USDC to).
  7. Wait for the other user to send you a payment.

Note: You can turn off the Easy Swap Engine at any time, and you can also customize the crypto you want to swap and receive.

Download Ka.app

Ka.app can be considered the best crypto app for beginners because of its easy-to-use interface, and it allows you to complete transactions quickly using just a QR code or mobile number. The app is available in the Apple Store and Google Play Store, or you can also sign up through the app’s crypto referral program using a referral link from an existing user.

FAQ

What other cryptocurrencies can you swap in Ka.app?

Aside from USDC, Ka.app also accepts BTC, ETH, USDT, MATIC, BNB, BUSD and the KASTA token.

How long does it take to complete a swap using Ka.app?

Quickly. Ka.app facilitates all types of transactions fast.

How much USDC can I swap for another token?

Any amount. Ka.app has no swapping limits, which means you can swap crypto as many times and at any amount you want.

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