How to Convert BCD to USDC
Converting BCD to USDC with Rubix is easy. To do so, you will need to deposit your BCD into the account. Then, you can use the BCD to USDC converter. Once that is done, you can hold, trade or withdraw your newly converted currency through an external wallet.
The converter is a trading mechanism on the Rubix platform that automatically exchanges your BCD to USDC while you trade. You can use the transfer function in the app to withdraw it or convert back and forth between USDC and other coins as needed.
About BCD & USDC
What is Bitcoin Diamond?
Bitcoin Diamond is a fork of Bitcoin created on the 24th of November 2017. Bitcoin Diamond is an improvement on Bitcoin itself. With a new technology called “superblocks,” Bitcoin Diamond promises to be ten times faster than Bitcoin.
Bitcoin Diamond has a block time of 10 minutes, just like Bitcoin blocks. However, BCD holds 8MB compared to standard Bitcoin block 1MB, making it eight times faster in processing information. With these improvements in mind, Bitcoin Diamond enhances the original bitcoin due to its significant speed increase.
What is USD Coin?
The USDC is a stablecoin and ERC-20 token on the Ethereum blockchain. This means that it has a fixed price in USD and acts like any other cryptocurrency but uses stablecoin technology to ensure its value does not fluctuate wildly. USDC provides stability even if there are supply fluctuations by using smart contracts and algorithms explicitly designed for this purpose.
USDC provides more than just stability. These coins include instant transactions at almost zero cost within seconds of deposits made into a personal wallet. So, you do not end up waiting hours due to mining fees usually present in traditional crypto exchanges.
The absence of high transaction costs also leaves room for microtransactions between participants who interact online. That is because you do not need the expensive gas fees required by every operation performed on the system.
Convert BCD to USDC using Rubix
The Rubix is a cryptocurrency exchange and one of the primary features is coin-to-coin conversion, like BCD to USDC. First, you will need to go to the Rubix website and choose “Markets” from the top menu bar. Once you select this option, select BCD to USDC pairing. This will allow you to calculate how much USDC you can exchange your BCD for. You will be able to choose how many USDC you want to purchase then you can confirm your order. After confirming, the amount of USDC requested will be put into your account.