Summary: The best Euro-backed stablecoin to buy is Euro Coin (EUROC) by Circle. EUROC is a fully collateralized, euro-backed ERC20 token that offers reliability and stability for crypto users and investors. The token is issued by Circle, the same company behind USDC which is the larges USD-backed coin.
The best exchange for Europeans to buy EUROC is Uphold. The platform is based in the United Kingdom & licensed by the FCA and offers over 250 cryptocurrencies, including Euro Coin and other stablecoins. They accept Euro, GBP and other fiat currencies and charge zero fees on trades.
- Offers Euro Coin (EUROC) - the safest Euro-backed Stablecoin issued by Circle.
- Fast and cheap EUR, GBP, USD and other deposits via Bank Transfer, Debit Card or Credit Card.
- Licensed and regulated platform in Europe, the UK and the USA. Headquartered in London.
How to Buy a Euro Stablecoin
The safest and easiest way to buy a Euro-backed stablecoin is through a licensed and regulated cryptocurrency exchange. With this method, investors can deposit EUR, GBP and other currencies via Bank Transfer, Debit Card or Credit Card to buy, hold and earn interest on Euro Coins (EUROC).
Our recommended exchange is Uphold because they are one of the few exchanges available in Europe that is regulated and offers Euro Coin (EUROC) to buy and sell. You can get started in minutes with our simple 4 step guide:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Select Currency: Select the currency you want deposit on Uphold (EUR + 30 more).
- Deposit Funds: Connect your bank account or Debit/Credit Card to deposit fiat.
- Buy Euro Coin: The final step is to find Euro Coin (EUROC) on their list of coins and execute your trade.
What are the fees to buy Euro Stablecoins?
The fees you pay to buy Euro-backed stablecoins will vary depending on what coin you buy and what exchange you purchase it on. For example, with Uphold you do not pay any transaction fees to buy and sell EUROC, but there is a small spread of 0.1%.
This makes them significantly cheaper than alternatives like Coinbase or Kraken who have tighter spreads, but charge up to 1.49% in fees per transaction.
Euro Tether (EURT) vs Euro Coin (EUROC)
The two most popular Euro-backed stablecoins on the market are Euro Tether (EURT) and Euro Coin (EUROC). Both coins are fully collateralized, meaning that each coin is backed 1:1 with Euros held in reserve by their issuer.
The main difference between the two is the issuer. Euro Tether is issued by Tether, which has been repeatedly accused of operating without regulatory oversight and failing to provide sufficient transparency around its reserve holdings.
Euro Coin (EUROC) on the other hand, is issued by Circle who are an US-regulated FinTech company that offer more transparency and reliability than other stablecoin issuers. This is why we recommend buying Euro Coin (EUROC) over Euro Tether (EURT).
What is a Euro Stablecoin?
A Euro stablecoin is a type of cryptocurrency that is pegged to the value of the Euro. This means that for every Euro stablecoin in circulation, there is an equivalent amount of Euros held in reserve by the issuer.
The goal of a Euro stablecoin is to provide a more stable form of cryptocurrency that is not as subject to the large price fluctuations seen with other cryptocurrencies such as Bitcoin or Ethereum. The most common usage of Euro Stablecoin is as a medium of exchange and store of value.
In conclusion, Euro Coin (EUROC) by Circle is the top choice for a reliable and stable Euro-backed stablecoin. Uphold, a UK-based, licensed, and regulated platform, offers the best exchange for Europeans to buy EUROC, charging zero fees on trades and providing a user-friendly experience.
Following a simple 4-step guide, investors can quickly purchase EUROC on Uphold, benefitting from a secure and cost-effective solution compared to alternatives like Coinbase or Kraken. Euro Coin (EUROC) is favored over Euro Tether (EURT) due to Circle's greater transparency and regulatory compliance, making it an ideal option for those seeking a stable digital asset tied to the Euro.