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Learn More about buying USDC in France
How to buy USD Coin in France
Is USDC a good investment in France?
The USD coin was released in September 2018 as a bridge between dollars and trading on cryptocurrency exchanges. It means USD Coin is equal to USD but in the cryptocurrency world. Therefore, its price is always equal to $1. However, there were sometimes during its history when the price changed a bit, but that wasn’t that much to consider. Anyhow, the USDC price has never been more than $1, and less than $0.99. That shows how stable this coin has been through all these years.
Since the USDC price never changes, you might wonder if it is a good investment. To answer this question, we need to explain how stablecoins are used and invested. They are not considered an investment to get profit, but investors usually buy stablecoins to avoid the volatility of the cryptocurrency market. If the market seems so volatile, traders and investors swap their coins with USDC and keep it stable until they pass the bad days of this market. That’s how they can keep their assets safe from losing their value.
What is USD Coin ?
Circle is a financial technology company that created USD Coin with the collaboration of Coinbase. Their main goal was to help people gain more money on the internet and be able to exchange their coins more easily. The USD coin is considered a dollar in people’s digital wallets.
Learn more on USDC official website.
Is USD Coin legal to buy in France?
Yes. According to the PACTE Law Act No. 2019-486 cryptocurrencies are legal and considered
to be digital assets. It is estimated that 3.4 million people or 5.0% of France’s total population,
currently own crypto assets.
Is USD Coin taxed in France
Yes. According to Article 150 VH bis of the Tax Code, Cryptocurrency capital gains of individual
investors are taxed at a flat rate of 30 per cent and according to Article 150, VH bis, II, A of the
Tax Code, crypto-to-crypto transactions fall outside the scope of the capital gains tax. This
means that according to the mentioned tax code, the taxation is applicable when the
cryptocurrencies are either sold against legal currency or used to purchase a good or service.
This measure simplifies tax accounting and reporting, although individual investors still need to
accurately track their transactions to be able to justify their gains. In addition, according to the
Article 150, VH bis, II, B of the Tax Code, individual taxpayers are not subject to income tax if
the gains do not exceed 305€ per year.
After you've bought USD Coin in France
USD Coins can be used to pay for goods or services. It is also tradable on most exchanges. Thus, you can trade your USDC to any other cryptocurrency whenever you want. USDC owners can always exchange it with the dollar and receive cash equal to the number of coins they have. For example, if you have 100 USD coins in your wallet, you can turn them into $100 cash. Furthermore, USDC offers investors safety during times of instability or downturn in the crypto market. Therefore, it is the best option for investors to keep their digital assets stable for a while. Since the price of USDC is always stable, they won’t lose much money. However, you should still read more about it to know if it is the best time to trade your current assets with USDC or buy this coin.
Who can buy USD Coin in France?
Anyone. Buying cryptocurrency in France is a straightforward process. The faster and more
convenient method to purchase cryptocurrencies in France is through the help of exchanges. It
is worth noting that our exchange supports payment methods such as: Apple pay, Google pay,
Credit Card, Debit Card, Bank Transfer and PayPal in France.
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Payment methods to buy USD Coin in France
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Frequently asked questions
Most exchanges support USDC as a trusted and available coin. Find a suitable exchange to trade or buy this coin. However, some exchanges may ask you to pay additional money as the processing fee. But if you buy USDC in the BlockTrade exchange, you don’t have to pay that fee. That’s why Blocktrade is considered one of the cheapest and the most secure exchanges to buy crypto.
Yes. Mind that according to Article 150 VH bis of the Tax Code, the gains made from selling
crypto for euro or any fiat currency is taxed as Flat Tax. If you are an occasional trader, there
are no taxes on buying or holding cryptocurrencies in France. Also, one of the cheapest ways to
handle crypto assets is through our exchange, because we charge ZERO fees for such
According to Article 150 VH bis of the Tax Code, the sale of cryptocurrency for Euros or other
legal currencies is what triggers a taxable event in France. Cryptocurrency owners who hold
onto their crypto-assets without converting them into fiat currency therefore do not have to pay
taxes. Secondly, total capital gains, including those from crypto disposals, up to €305 per year
USD Coin will be available as long as the cryptocurrency world is still alive. Furthermore, since its price is stable and equal to the dollar, it would still be in use in the future.
The online income tax declaration is now available for everyone. The people who are technically
or otherwise unable to complete an online form may continue to submit a paper form.
The truth is that USD Coin is not as profitable as other cryptocurrencies. The main advantage it has is the stable price. Therefore, you can use this coin to stabilize your digital assets for a while or be able to exchange coins more efficiently.