Looking to exchange USD Coin to Perfect Money?
HiExchange is all you need! Our platform offers a wide variety of stablecoins and the ability to exchange them into multiple payment methods. In this article, we will go over everything you need to know on how to turn USDC to PM USD. The good news is; you do not have to pay any additional fees or even go through the hassle of KYC. On top of that, HiExchange offers 24/7 online support to ensure the highest quality of service.
What Do I Need to Exchange USD Coin to Perfect Money?
For this transaction, you will need a verified Perfect Money account. Make sure that the transaction amount does not exceed your deposit limit. As for HiExchange, all you need is an email-address since no KYC (know your customer) is necessary. However, bear in mind that there are many advantages available for those who sign up on HiExchange. Want a good reason why? How about winning $100 ever month!
What is USD Coin (USDC)?
USD Coin owns the world’s largest stablecoin industry ecosystem in the world. It is a cryptocurrency that is pegged to US dollar in terms of value. That means that each USCD will always be worth $1. Stablecoins are used as a hedge against inflation and volatility in the crypto market. However, they can also be used as an alternative way to hold assets on the blockchain network.
As good as stablecoins might sound, there has always been concern about the companies not being honest about their dollar reserve. Basically, for every 1 USDC the company issues, they must hold $1 in their accounts.
As a matter of fact, there are rumors regarding some large companies not having the dollar equivalent of their stablecoin. If a solid reserve does not back a stablecoin, the currency will lose value and seriously damage the investor’s funds. In that regard, USD Coin aims to provide full transparency about their reserves.
USDC is managed by a consortium called Centre which is a part of the payment technology company Circle. Much like TrueUSD, they offer monthly attestation reports by Grant Thornton to ensure investors regarding their reserves. Where they differ from TrueUSD, is that TrueUSD only holds dollar in different accounts but USD Coin also holds other assets such as gold.
Why Exchange to Perfect Money?
Perfect Money is an e-currency used for making payments on the internet. It is widely accepted as payment option by countless platforms. With Perfect Money, you can do a lot! Be it transferring funds to others or pay for goods and services. Or how about buying cryptocurrencies or even buying fiat currencies. It is a seriously popular payment method for online users. An additional capability is to loan and receipt issuance throughout the system.
The biggest downside of Perfect Money, however, is that you cannot cash Perfect money to your bank account on its website directly. For that, you will need a platform like HiExchange to exchange your Perfect Money to PayPal and other e-currencies.
How to Exchange USD Coin to Perfect Money?
- Step 1: Enter the Homepage on HiExchange. Select USD Coin on the left field and Perfect Money on the right one. Enter the exchange amount and wait for the rates to apply.
- Step 2: Click on Next and you will be forwarded to the next step where you will need to enter your Perfect Money account details, USDC wallet address, email, and phone number (optional).
- Step 3: Click on “Next” one more time as you go to the next page to review your order.
- Step 4: At this point, you will obtain your Tracking ID, an address and an explorer URL.
On this step, please dedicate some time to review our terms and conditions and the instructions.
- Step 5: Transfer your USD Coin to the HiExchange wallet address that is provided for you.
Done!
When you finish the steps above, our team will process your order and send the PM USD to your wallet address. Just like that, you have exchanged USD Coin to Perfect Money. The transaction may take a few minutes. In the meantime, you will have a track id to follow up on your order. Simply enter the main page and type in your track id in the specified field to see your live order status. Keep in mind that your track id is private information and you should not share it with anyone else.
This is HiExchange!
Cryptocurrencies are a financial apparatus to maximize privacy and efficiency. Sadly, regulations have been severely disrupting the market as they compromise both.
HiExchange seeks to be a platform that offers privacy and efficiency simultaneously while offering some of the most aggressive exchange rates in the market.
To make this happen, the platform does not require KYC or a sign up process. This way, all customers can easily make transactions without a possible compromise on their personal information.
However, privacy is a crucial element and not a luxury. In that regard, the platform offers some of the most competitive rates amongst all online exchanges. The rates are automatically determined utilizing an automated system and are updated as soon as change in value is detected.
Last but not least, by offering true 24/7 support, all customers will be in touch with the team in case anything goes unplanned.
