How to Buy EURC in South Africa in 3 Easy Steps
What is EURC?
EURC is a euro-backed stablecoin issued by Circle and available on Avalanche, Base, Ethereum, Solana, and Stellar. Similar to USDC, EURC is MiCA-compliant and issued by Circle under a full-reserve model, ensuring that each EURC token is always redeemable 1:1 for euros. This makes EURC a reliable and stable way to store and exchange value, accessible globally for both individuals and businesses. Learn more about EURC here.
With EURC, you can send and receive euros almost instantly, providing a trusted way to move money across borders at low cost and without the need for a traditional bank account. Whether you need to buy euros with South African Rands or exchange euros for Bitcoin, VALR makes the process simple and straightforward.
How much is 1 EURC in South African rands (ZAR)?
As of today, 1 EURC = 0.000000 South African Rands (ZAR).
Market data last updated: Oct 9, 2024, 04:59 AM (GMT)
How to Buy EURC in South Africa?
One of the easiest ways to purchase EURC in South Africa is through VALR, Africa's leading cryptocurrency exchange by trade volume. VALR allows users to deposit South African Rands (ZAR) via EFT or credit card, or deposit euros via wire transfer, which can then be used to buy EURC.
Here's a step-by-step guide on how to buy EURC in South Africa using VALR:
Step 1: Log into Your VALR Account
Start by signing into your VALR account through the website or the VALR app on your mobile device. If you don’t have a VALR account yet, you can create one easily. The verification process is quick and straightforward, taking only a few minutes.
Step 2: Fund Your VALR Account with ZAR or EUR
To buy EURC, you'll need to deposit either ZAR or EUR into your VALR account. This can be done through a South African bank account for ZAR or by making a wire transfer for EUR.
For ZAR Deposits:
Via EFT: Go to your ZAR Wallet, select "Deposit," and choose the "Via EFT" method. Use the provided VALR banking details and your unique VR reference number for the transfer.
Via Credit Card: Select "Wallet," then choose "ZAR" and click on the "Deposit" menu. Opt for the "Via Credit or Debit Card" option and enter your card details. Only 3D Secure-enabled cards are accepted, and there is a rolling 24-hour card limit of 10,000 ZAR.
For EUR Deposits:
VALR also supports euro deposits via wire transfer. When you deposit euros into your VALR account using SWIFT or SEPA, it will automatically reflect as EURC in your VALR wallet. Learn more about depositing EURC via EUR wire transfer here.
Step 3: Buy EURC on VALR
Once your funds have been credited to your account, you can buy EURC in South Africa. You have two options for purchasing EURC:
1. Via Simple Buy/Sell:
Select "Buy/Sell" on the website or in the app, then choose EURC as the currency you want to buy.
Select ZAR as the payment currency, enter the amount of EURC you wish to purchase, and complete the trade.
2. Via Pro Trading:
Choose the "EURC/ZAR" Spot pair from the "Pro Trading" menu to buy EURC with South African rands. This feature lets you set custom order parameters, such as order type (Limit, Market, Stop-Limit), and the amount of EURC to buy.
Click "Place Buy Order" to complete the transaction.
Common ZAR to EURC Conversions
| Amount (ZAR) | EURC Amount as of MMM XX, YYYY at HH XM (GMT) |
|---|---|
| 5 | X.XXXXXX |
| 10 | X.XXXXXX |
| 25 | X.XXXXXX |
| 50 | X.XXXXXX |
| 100 | X.XXXXXX |
| 500 | X.XXXXXX |
| 1,000 | X.XXXXXX |
| 5,000 | X.XXXXXX |
| 10,000 | X.XXXXXX |
| 25,000 | X.XXXXXX |
| 50,000 | X.XXXXXX |
Frequently Asked Questions
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To buy EURC, sign in to your VALR account and deposit ZAR or EUR. Then, use the Simple Buy/Sell feature or Pro Trading to purchase EURC. Note that EURC is no longer called Euro Coin; it is simply EURC.
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Yes, EURC is a euro-backed cryptocurrency. It allows users to hold and transact in euros on the blockchain, providing the benefits of digital currencies while being backed 1:1 by euros.
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You can send and receive EURC through your VALR wallet. To send EURC, navigate to your EURC wallet and select "Withdraw" to send it to another wallet address. To receive EURC, select "Deposit" in your EURC wallet. Currently, VALR supports deposits and withdrawals of EURC only via the Ethereum network. Always ensure you use the correct network to avoid any issues with transfers.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
