USD Coin (USDC) is a stablecoin built on the Ethereum blockchain as an ERC-20 token. This guide explores the steps to purchase USDC securely on Firi, covering account setup, deposits, and trading methods.
Step 1: Create and Verify Your Firi Account
Prerequisites for Trading USDC:
- Account Creation
Sign up using your email or Vipps via Firi’s registration page. - Account Verification
Complete identity verification using BankID and a customer control form. - Fund Your Account
Deposit NOK via bank transfer or use instant payment methods like Vipps/Apple Pay.
Step 2: Depositing Funds into Firi
Option 1: Automatic Deposit (BankID)
- Navigate to Overview → Deposit Money.
- Select your bank, authorize with BankID, and confirm the amount.
- Funds reflect within 1–3 business days.
Option 2: Manual Bank Transfer
- Choose Manual Transfer on the deposit page.
- Use the provided account details to transfer funds via your online bank.
👉 Explore seamless deposit options for faster transactions.
Step 3: Buying USDC on Firi
Method A: Direct Purchase (Vipps/Apple Pay/Card)
- Go to Trade → Buy Crypto.
- Select USDC, enter the amount, and choose your payment method.
- Complete the payment and confirm the transaction.
Method B: Post-Deposit Purchase
- Navigate to Trade → Buy Crypto.
- Select USDC, input the NOK amount, and review the order.
Advanced Trading for USDC
For limit orders or specific pricing:
- Access Advanced Trading.
- Select USDCNOK market.
- Enter the desired amount and price per USDC.
- Execute BUY USDC when market conditions match.
👉 Master advanced trading strategies to optimize your USDC purchases.
FAQ Section
Q1: How long do deposits take?
A: Automatic deposits process instantly; manual transfers take 1–3 business days.
Q2: Can I sell USDC on Firi?
A: Yes, use the Trade or Advanced Trading section to sell at market or limit prices.
Q3: Is there a minimum purchase amount?
A: Firi requires a minimum order value, typically equivalent to ~50 NOK.
Key Takeaways
- USDC offers stability as a fiat-backed Ethereum token.
- Firi supports instant purchases (Vipps/card) and bank deposits.
- Advanced Trading allows precision in buy/sell orders.
For further reading, explore Firi’s USDC resources.