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First, you have to complete Advanced Verification on the Nexo platform which only takes a couple of minutes. Once you pass verification, then:
Your USDC assets are kept in BitGo bank-grade cold storage and carry $375M in insurance protections. Our partners’ hardware and software guarantees allow for instant access to your funds and full independence from third-party providers.
The stablecoin market has become exceedingly congested in recent years – but USDC aims to differentiate itself over competitors by being more transparent.
The Centre Consortium assures users that they can withdraw 1 USD Coin and get 1 US dollar in return without any problems. Major accounting firms audit the reserve levels periodically to ensure a match up to the number of USCD in circulation.
If you want to exchange your USD Coin, you can swap instantly via the Nexo Exchange. Click here to find all the market pairs we currently support.
There are zero price fluctuations when you place an order, compared to other providers where the price might change by up to 5%. Your balances are updated immediately the moment your order is confirmed.
Here’s everything you can do with your Nexo account: