How to sell USDC for cash

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How do I cash out my USDC coin? This guide about USDC comes with a detailed summary of how to convert USDC into money.

USDC, short for USD Coin, was introduced in 2018 as a stablecoin pegged to the value of the United States dollar. At the time of writing, it ranks as the 5th largest cryptocurrency by market capitalization, reflecting investors’ trust and confidence in this digital asset.

With an extensive circulation of approximately 30 billion coins, USDC has gained wide acceptance across various platforms and exchanges, offering liquidity and stability within the crypto ecosystem.

This guide will provide you with practical steps and insights to successfully sell your USDC for cash. It will explore different avenues and platforms that facilitate the conversion process, highlighting their features, benefits, and potential considerations.

Finally, whether you’re a beginner or an experienced crypto enthusiast, this guide will equip you with the necessary knowledge to start selling USDC for ‘real‘ money. Let’s kick off from here 👍

How To Sell USDC: Quick Tutorial

Here is a shortcut on how to sell USDC for cash:

  1. Create an account at an exchange. Make sure to pick a reliable one like Binance. It’s free and you can sign up by e-mail or mobile number.
  2. Verify your account(KYC). You need to upload official documents here.
  3. Deposit USDC. Create a wallet address, copy it to clipboard, and transfer USDC to this new wallet.
  4. Pick a payment method. You can choose bank transfer, credit card, or even Paypal.
  5. Sell USDC for cash. Make the convert into the desired currency(USD, EUR, or any other)

Later on in this guide, I’ll go into detail about how every step works including some alternatives. Also, it’s good to know that you can do bank transfers including, SWIFT, SEPA, or IDEAL. It all depends on your local situation.

Can You Sell USDC for Cash?

Many of the more prominent cryptocurrency exchanges in the world are using USDC in trading pair with other assets on their platforms. Therefore, the most common place to convert USDC into cash is using a leading crypto exchange or peer-to-peer (P2P) platform.

These providers allow USDC holders to sell their tokens via different payment channels such as bank account transfers, card payments, and even connections to e-wallet solutions like PayPal and Apple Pay. If you want to cash out USDC to your bank then this is the common way to do this.

Where To Sell USDC into Money?

USDC is being traded on all of the bigger platforms in the crypto market. Its function as a stablecoin pegged 1:1 to the USD makes it a reliable option to park your cryptocurrency in. Below is a table with the best choices if you want to sell USDC for money.

Exchange💰Trading fees💲PromotionRating
Binance0.10%$100,- in trading fees
Coinbase0.4% – 0.6%(*)$10,- in BTC
Kucoin0.10%$500,- (several bonuses)
(*) The fees on Coinbase are 0.4% for maker and 0.6% for taker

#1 Binance – The Cheapest Way to Convert USDC

Binance, founded in 2017, has emerged as a prominent cryptocurrency exchange renowned for its wide selection of digital assets, robust security measures, and user-friendly interface. When it comes to selling USDC for cash, Binance provides a comprehensive platform with multiple options to cater to various trading preferences.

Selling USDC on Binance

To convert USDC into cash on Binance, users have a few viable options available:

  1. USDC/Fiat Trading Pair: Binance offers a direct trading pair between USDC and the main fiat currencies in the world. For example, users like me who live in the eurozone can directly convert USDC to EUR. Other supported fiat currencies are GBP, BRL, or YEN. Binance users can place sell orders to convert their USDC holdings into fiat, which can then be withdrawn to their bank accounts.
  2. USDC/BTC or USDC/ETH Trading Pairs: Alternatively, users can sell their USDC for cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) through trading pairs like USDC/BTC or USDC/ETH. After selling USDC, users can trade these cryptocurrencies for cash on Binance or other platforms.
  3. Use a credit card to sell USDC: If you have a VISA or Mastercard, it’s now possible to sell USDC directly to a credit/debit card. A rapid way to convert USDC into money, however, the fee for this transaction is about 5%.
Convert USDC to EUR on Binance
Convert USDC to EUR on Binance

Fees and Withdrawal Costs

Binance employs a straightforward fee structure to facilitate trading and withdrawals:

  1. Trading Fees: Binance charges a flat 0.1% fee per transaction, applicable to both market and limit orders. This fee is competitive compared to other exchanges, enabling users to execute trades at a reasonable cost.
  2. Withdrawal Fees: When withdrawing funds, Binance charges a $15 fee for bank transfers to Swift and Signet for USD withdrawals. Meaning, that every fiat withdrawal on the platform has a $15,- flat-fee structure.

All in all, with its reliable reputation, stringent security measures, and diverse trading options, Binance offers users a trusted platform to sell USDC for cash. Unfortunately, US residents don’t have access to the domain and should look for another location to cash out USDC coins.

>> Go to Binance here

#2 Coinbase – Best Option for US Residents to Convert USDC

Coinbase is a renowned cryptocurrency exchange established in 2012, offering a user-friendly platform for buying, selling, and trading various digital assets. With a focus on accessibility and security, Coinbase has become a trusted name in the cryptocurrency industry, providing users with a reliable avenue to sell USDC for cash.

Also, if you are a US resident then this would be the place to go if you want to cash out your crypto holdings.

Selling USDC on Coinbase

Coinbase offers multiple options for converting USDC into cash:

  1. USDC/USD Trading Pair: Coinbase supports direct trading between USDC and USD. Users can initiate sell orders on the USDC/USD trading pair, converting their USDC holdings directly into USD, which can then be withdrawn to their bank accounts.
  2. Instant Cash-Out to Bank: Coinbase offers an instant cash-out feature, allowing users to transfer funds from their Coinbase account to their linked bank account swiftly. Although there is a 1.5% fee associated with instant cash-out, users can access their funds immediately, enhancing liquidity and convenience.
  3. Credit Card Transactions: Coinbase provides the option to sell USDC and other cryptocurrencies through credit card transactions. While credit card transactions have a 1.5% fee, users benefit from instant conversions and can sell USDC directly for cash using this method.
  4. PayPal Withdrawals: Coinbase allows users to withdraw money to their PayPal accounts. This provides an additional avenue for converting USDC into cash, offering flexibility and convenience for users who prefer to utilize PayPal as a withdrawal option.

Recommended: How to buy crypto with PayPal on Coinbase.

Fees and Costs

To ensure transparency, it’s important to consider the fees associated with selling USDC on Coinbase:

  1. Trading Fees: Coinbase employs a tiered fee structure based on trading volume, ranging from 0.4% to 0.6% per transaction. The fee percentage decreases as the trading volume increases, encouraging higher-volume traders to benefit from lower fees.
  2. Instant Cash-Out to Bank Fee: While the instant cash-out feature offers quick access to funds, it incurs a 1.5% fee.
  3. Credit Card Transaction Fees: Selling USDC through credit card transactions on Coinbase incurs a fee of 1.5% plus a flat fee of 0.55%.
Cash out To PayPal on Coinbase
Cash-out To PayPal on Coinbase

To summarize, Coinbase provides a user-friendly and reputable platform for selling USDC for cash, however, the fees are a little bit high here. With the ability to trade directly with USD, instant cash-out features, credit card transactions, and PayPal withdrawals, Coinbase facilitates seamless conversions of USDC into tangible funds.

>> Go to Coinbase here

#3 Kucoin – Exchange with the most Payout Options


KuCoin is a top-rated digital asset exchange that offers an easy way to buy, sell, and trade cryptocurrencies. The exchange is well-known for listing low-cap digital assets, which have the potential for significant upside. Additionally, the platform has a vast inventory of cryptocurrencies that can be traded with little guidance.

For users looking to convert USDC into money quickly, KuCoin provides a ‘Fast Trade’ feature that allows traders to sell crypto rapidly. This feature supports multiple payment methods such as WebMoney, SEPA, ApplePay, and more, providing users with a wide range of options. However, it is important to note that KuCoin is not authorized to operate in the US.

P2P Marketplace

Alternatively, KuCoin’s P2P marketplace provides an additional option to sell USDC. The P2P service offers a comprehensive list of available merchants, sales volume, and reputation. Users can select a merchant manually by clicking on the ‘Sell USDC’ button, entering the quantity of USDC to be sold, and tapping on the ‘Sell’ icon to place an order. The transfer of funds to the chosen payment method is usually quick, and vendors are rated on their trustworthiness and timeliness.

Finally, KuCoin’s trading fees range from 0.1% to 0.2%, which is competitive in the market. It is worth noting that the exchange charges a $15 fee for wire transfers for USD withdrawals. Overall, KuCoin is an excellent choice for those looking to convert USDC into money through its Fast Trade or P2P platform, which is available on desktop and mobile apps.

>> Go to Kucoin here

#4 – Convert to Other Stablecoins is Free

Staking VeChain on is a well-established cryptocurrency exchange known for its robust trading ecosystem. Since its inception in 2016, the platform has continuously expanded its support for various digital assets, including USDT. With a wide selection of over 250 supported assets, offers deep liquidity and a highly-rated mobile app that enables users to convert USDC to other stablecoins with zero fees.

When it comes to withdrawing crypto on, users have two options. They can either withdraw crypto to a private wallet or use the Wallet App. It’s important to note that the exchange does not support fiat withdrawals directly. Through the app, traders can easily sell their USDC for fiat currency. Once the transaction is confirmed, users can initiate a withdrawal request from the app. Bank transfers typically take around 2 to 5 business days to process, and there are no fees associated with this method.

Cash and Crypto Withdrawals

To initiate a transfer, users need to set up a fiat wallet on the platform. For US residents, the bank wire option is available, allowing up to five bank accounts to be added at once. UK residents, on the other hand, can only withdraw funds to the bank account used to fund their account. Withdrawals for UK users are processed through the Faster Payment Service. On the platform, withdrawals to external wallet addresses are completed within minutes, but fees may apply, which are stated at the point of the transaction.

The withdrawal fees for USDC on vary depending on the network. For ERC-20 USDC, the fee is set at $25, while BEP20 and Polygon-based transactions incur a fee of $0.8. Solana-based USDC transactions carry a $1 fee.

All in all, provides a reliable platform for users looking to sell USDC for cash or convert it into other stablecoins. With its responsive customer support, user-friendly mobile app, and withdrawal options, offers a comprehensive solution for traders seeking to convert USDC into money.

>> Go to here

#5 Bitfinex – Best option for Large Volume Trades

Bitfinex logo

Bitfinex is a prominent cryptocurrency exchange that provides a robust platform for trading and converting digital assets. For users looking to sell USDC for cash or convert USDC into money, Bitfinex offers a range of features and options.

In terms of fees, Bitfinex operates on a maker-taker fee structure, where fees vary depending on the user’s trading volume over the past 30 days. The trading fees start at 0.1% for makers and 0.2% for takers, incentivizing liquidity provision on the platform.

Platform withdrawals

When it comes to withdrawing funds, Bitfinex offers various options to cater to users’ needs. Users can withdraw money to their bank accounts through wire transfers (SWIFT or domestic) or use third-party payment providers like Advcash or Epay. However, it’s important to note that withdrawal fees and minimum thresholds may apply, depending on the chosen method.

Overall, by offering multiple withdrawal options and providing transparency on fees, Bitfinex facilitates the process of converting USDC into money. Users can conveniently sell USDC for cash and withdraw funds to their bank accounts, choosing the most suitable method that aligns with their preferences and location.

>> Go to Bitfinex here

Best Ways To Sell USDC Overall

USD Coin (USDC) is a digital currency that is fully backed by U.S. dollars or dollar-denominated assets like U.S. Treasury securities. USDC’s reserve assets are held in segregated accounts with regulated U.S. financial institutions.

Meaning, USDC is a digital currency pegged 1:1 to the USD. On top of that, it’s compatible with several main blockchain networks like Ethereum, Solana, or Algorand. By being a digital currency, there are several ways to buy, sell, or trade this asset.

#1 Cryptocurrency Exchanges(CEX)

As mentioned earlier in this guide, USDC is available at the main cryptocurrency trading platforms on a global scale.

These cryptocurrency exchanges play a crucial role when it comes to selling USDC for cash. Platforms like Coinbase or Binance facilitate the buying, selling, and trading of cryptocurrencies, including stablecoins like USDC. By using a reputable cryptocurrency exchange, investors can ensure that they receive fair market value for their USDC and that their transactions are secure and transparent.

Furthermore, cryptocurrency exchanges provide liquidity to the market, making it easier for investors to find buyers for their USDC. This is especially important for those looking to sell large amounts of USDC, as it can be difficult to find individual buyers willing to purchase the entire amount.

Another advantage of using cryptocurrency exchanges to sell USDC for cash is the variety of withdrawal options available. Most reputable exchanges offer multiple ways to withdraw funds, including bank transfers, PayPal, and credit cards. This allows investors to choose the withdrawal method that works best for them, based on factors like processing time and fees.

#2 P2P Platforms

P2P marketplaces on cryptocurrency exchanges like Binance and KuCoin provide an alternative way for crypto traders to sell their USDC for cash. These platforms connect buyers and sellers directly, eliminating the need for a centralized intermediary, such as a bank or financial institution. This peer-to-peer trading feature is particularly useful for investors in countries where there are regulatory restrictions or limitations on fiat withdrawals.

Sell USDC on Kucoin P2P
Sell USDC on Kucoin P2P

On these platforms, sellers can choose from a variety of payment methods such as bank transfers, PayPal, and other online payment systems, which adds a level of convenience and flexibility. Additionally, buyers and sellers can negotiate on their own terms, which can lead to better prices and faster transactions.

Overall, P2P marketplaces on cryptocurrency exchanges provide a decentralized and flexible way to sell USDC for cash that is becoming increasingly popular among crypto traders. However, users need to exercise caution and perform due diligence when dealing with unknown parties, as there is a risk of fraud or other malicious activity in such transactions.

#3 Cryptocurrency ATM

The last option to convert USDC to Cash is by using a cryptocurrency ATM. Cryptocurrency ATMs are automated machines that enable the purchase or sale of cryptocurrencies like Bitcoin, Ethereum, or USDC. These machines are popular with crypto traders who prefer to have a physical location to exchange their cryptocurrencies for cash. With crypto ATMs, investors can sell their cryptocurrencies for cash or vice versa without the need for a bank account or credit card.

To use a crypto ATM, users need to have a valid crypto wallet that can receive the coins purchased. The process of selling cryptocurrencies at an ATM is straightforward. Users simply select the ‘sell’ option on the ATM’s screen, enter the amount of cryptocurrency they want to sell, and scan their wallet’s QR code to transfer the coins to the machine. The machine then dispenses the equivalent amount of cash.

Crypto ATM fees vary depending on the manufacturer, location, and the type of cryptocurrency being sold. Typically, fees for selling crypto range between 6% and 12%, which can be quite high compared to other options. However, these fees are offset by the convenience of being able to exchange crypto for cash in a physical location without the need for a bank account or the risk of dealing with unknown buyers or sellers.

Related: How to buy USDC without KYC(MetaMask)

Binance Example: How To Sell Crypto for EUR on Your Credit Card

At this point, a practical example of how to sell crypto for cash on the Binance platform. Binance recently added a new interesting feature by allowing users to sell crypto directly to a credit/debit card.

For simplicity, below are the steps to sell BTC for EUR on Binance by using a VISA credit card. Take note that if you want to sell USDC here you have to follow the exact same steps.

Also, I assume that you already have a working account on Binance and have some crypto funds available. If not, use this link to .

Steps to Sell Crypto Directly to a VISA Credit Card

  1. Login at Binance and click [Buy Crypto][Credit/Debit Card]
  2. Click [Sell]. Select the fiat currency and the cryptocurrency you want to sell. Enter the amount then click [Continue].
  3. Select payment method [VISA Mastercard]
  4. Check payment details and confirm your order within 10 seconds.
  5. Once your order is successfully processed you can click history to check details.
  6. Finally, if your order fails the crypto amount will be credited to your Spot Wallet in USDT.

What Are The Fees for Selling USDC Stablecoin?

When it comes to selling USDC stablecoin, it’s crucial to be aware of the fees involved in the process. Overall, when selling cryptocurrency for money you have to deal with the following:

#1: Trading Fees

Trading fees are charged by exchanges or platforms facilitating the sale of USDC. The trading fee is typically a percentage of the transaction amount. The exact percentage can vary from platform to platform but generally falls between 0.1% to 0.6% of the total transaction value. It’s important to consider the trading fee when choosing an exchange or platform to sell your USDC.

#2: Instant Cash-Out Fees

If you prefer to cash out your USDC directly to your bank account instantly, you may encounter instant cash-out fees. These fees are charged by platforms or services that offer quick and seamless conversion of USDC to fiat currency. Instant cash-out fees are typically around 1.5% of the total transaction value. Although this option offers convenience, it’s important to factor in the associated fee when deciding on the best method to cash out your USDC.

#3: Credit Card Transaction fees

Some platforms or exchanges allow you to sell USDC using a credit card. However, this convenience comes with additional costs. Credit card transaction fees are commonly higher compared to other payment methods. When selling USDC via credit card, you can expect to pay around 5% of the transaction amount as a fee.

#4: Peer-to-Peer(P2P) Fees

Engaging in peer-to-peer transactions to sell your USDC stablecoin can provide flexibility and direct interaction with potential buyers. However, P2P platforms may charge fees for facilitating these transactions. P2P fees are typically in the range of 0.1% to 0.5% of the transaction value.

#5: ATM Withdrawal fees

In some instances, you may choose to withdraw your USDC funds from an ATM, converting them into cash. However, ATM withdrawals come with their own set of fees. These fees can range from 6% to 12% of the total amount you withdraw.

Fees Overall

Remember, the fee structures mentioned above are general estimates and can vary across different platforms and services. It’s crucial to conduct thorough research and compare the fees associated with selling USDC on various platforms to make an informed decision. Consider your priorities, such as transaction speed, convenience, and cost-effectiveness, to determine the most suitable option for your needs.

By understanding the fees involved in selling USDC stablecoin, you can navigate the process more confidently and optimize your transactions accordingly.


In this selling USDC guide, I have encountered all aspects of what comes when you want to sell USDC for cash or money. For instance, I covered several crypto exchanges including P2P platforms that you can use. In my opinion, the best to do this is Binance. The platform comes with zero fees and has a large order book providing liquidity, where you can sell USDC for money at any time.

👉 Open a free account at Binance here

Related: How to cash out USDC with MetaMask

FAQ – How To Sell USDC For Cash

Is It Profitable To Sell USDC?

The short answer is no. If you want to buy and sell USDC for a profit like any other crypto coin you will be disappointed. USDC functions as a stablecoin, meaning it is pegged 1:1 to the USD value of $1.

The idea behind USDC stablecoin is to maintain a stable value so that traditional investors can hedge their trades against the volatile nature of cryptocurrencies.

How to sell USDC for fiat?

Crypto users can easily convert their USDC funds on several crypto exchanges, P2P platforms, or other third-party platforms. Take note that whatever platform you choose there is a fee involved for handling the transaction.

How Much Does it Cost To Sell USDC?

Again, it depends on which party you choose to do the USDC conversion to money. Binance is one of the cheapest platforms that can handle transactions at 0.01% in fees.

Can USDC be deposited into bank account?

The short answer is no. This means USDC is treated as a cryptocurrency and can only be used in the crypto space(crypto exchanges, DeFi). To deposit to a bank account you should convert USDC to USD (or any other fiat currency) first before initiating a wire transfer.

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