Buy USD Coin
in Slovakia

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.

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.

Yes. According to the National Bank of Slovakia (NBS), crypto activities are regulated to an extent harmonized with EU legislation; NBS defines cryptocurrencies as digital assets that are based on cryptography, decentralized and usually use blockchain technology. According to Methodological Guideline No. MF/10386/2018-721 issued by the Ministry of Finance of the Slovak Republic, a cryptocurrency means a digital carrier of value which is neither issued nor guaranteed by any central bank or public authority; is not necessarily linked to any legal tender; has no status of a currency or money but is accepted by some natural or legal persons as a means of payment; and can be transferred, stored, purchased and sold electronically.

Yes. According to Act No. 595/2003 Coll. on Income Tax, any income (earnings) resulting from a sale of virtual currency is considered taxable income for individuals and income from the sale of cryptocurrencies is listed under “other income” in personal income tax return. If the income is less than €38,000, the tax rate is 19% and if the income is higher, the tax is 25%. These taxes apply to individuals who earn money using cryptocurrency in Slovakia.

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.

Anyone. Buying cryptocurrency in Slovakia is much faster and more convenient with the help of exchanges.There are different means for purchasing cryptocurrencies that are supported in Slovakia such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange provides secure transactions through all of these services.