What security measures does Swyftx implement?

Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security. Swyftx also conducts regular security audits. You can find more information on our security practices here.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including: Bank transfer OSKO PayID Credit or debit card Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

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USD Coin Price

About USD Coin (USDC)

USD Coin (USDC) is an Ethereum-based stablecoin pegged to the price of exactly one US dollar. At any given time, you can redeem one USDC for one USD. Every USDC issued is backed by real-world assets including cash and short-term US Treasuries held in regulated institutions. These reserves are independently audited every month to ensure USDC maintains its tethered price. Despite starting out as an Ethereum-based stablecoin project, USDC is now natively available on over 15 blockchains, including Solana, Stellar and Polygon.

The coin is governed by Circle, which is a membership-based consortium that sets standards for stablecoins. USDC has rapidly grown into one of the largest stablecoins in the entire globe. It can be used by institutions, individuals and DeFi users for a swathe of different purposes.

USDC became the first stablecoin to officially meet MiCA compliance, a strict set of guidelines adopted by the European Union for pegged digital currencies.

Resources

www.circle.com/en/usd

How to Buy USD Coin (USDC) in Australia

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USD Coin FAQs

USD Coin FAQs
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Where is the best place to buy USD Coin?

The best place to buy USD Coin is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade USD Coin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

How is the price of USD Coin determined?

The price of USD Coin is determined by the forces of supply and demand in the market. Similar to other assets, the price of USD Coin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for USD Coin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy USD Coin with credit card?

Swyftx does not allow you to directly buy USD Coin with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy USD Coin instantly.

Top Traded Assets on Swyftx

By number of orders

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Period: Last 24 hours (AUD)

USDC Buys and Sells

By number of orders

43%
Buys

57%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

Swyftx Learn

What are Stablecoins?

Stablecoins are a type of cryptocurrency whose value is meant to be less volatile than other coins like Bitcoin or Ethereum. Learn more about how they work and why they are so essential.

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.