How to buy USDC.e on Linea through MetaMask
Buy USDC.e on Linea through MetaMask with zero fees
Linea, the much anticipated zkEVM network is now live for cheap and fast transactions. Here at MetaMask, we’re enabling zero-fee purchases of USDC.e on Linea to celebrate the launch. Note: USDC.e is USDC that’s been bridged from Ethereum.
For two weeks from August 17th to 31st, MetaMask users outside of the U.S. can enjoy zero-fee USDC.e purchases on Linea. That means you won’t have to pay gas or service provider fees when using MetaMask’s Buy crypto aggregator to fund your wallet with USDC.e on this layer 2 network.
We’re partnering with Linea’s development partner Circle to enable support of USDC.e on Linea, as well as payment providers Banxa and Transak to directly fund your wallet.
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FAQ
Q: How does the zero fee promotion work?
A: For two weeks from August 17th to 31st, you can buy USDC.e on Linea with MetaMask's buy option without paying any fees through our partners Banxa and Transak. This promotion will be subject to the terms and conditions of our partners, which can be found below.
A: Linea is a developer-ready zkEVM rollup for scaling Ethereum dapps. It combines the power of zero-knowledge proofs with full Ethereum Virtual Machine (EVM) equivalence, allowing builders to create scalable decentralized applications (dapps) or migrate existing ones without the hassle of changing code or rewriting smart contracts.
Q. What is Linea?
A:You can benefit from the zero fee promotion if your country supports Banxa and Transak and you are not based in the US.
Q: How do I know I’m eligible to participate?
A: If you are experiencing issues or have questions, please go to support.metamask.io.
Q: Something is not working for me, where can I go?
Disclaimer: This offer ends when fee-waived amount reaches $5,000 in transaction fees waived by Transak and $50,000 in transaction fees waived by Banxa. This offer, where available, is for non-US users only. Cryptoassets such as USDC are unregulated. Their value is variable, may go down, and may be entirely at risk.
1. Connect your MetaMask browser extension to portfolio.metamask.io. If you’re on mobile, open the MetaMask app and then select the Linea network.
2. Click “Buy” to get started.
3. Select your region and payment method.
4. Select USDC.e as the token and Linea as the network to purchase on. On mobile, simply select USDC.e after selecting Linea as the network.
5. Enter the amount desired in fiat (example: $100 of USDC.e)
6. All quotes from Banxa (maximum amount of $1,000 USD per user) and Transak will be presented. Select one to continue.
7. You'll be securely redirected to their website to complete the purchase and funds will be deposited in your MetaMask account.
Terms & Conditions for Linea and MetaMask’s Zero Fee USDC.e Promotion
Users are generally subject to the Linea terms and conditions. For additional terms relating to the promotion, please see below.
Terms and Conditions for Banxa
Eligibility Requirements
Offer applies to new and existing customers of Banxa (subject to Banxa’s normal customer acceptance and eligibility criteria) excluding customers located in the United States. To be eligible for the promotion, a customer must complete one or more transactions to purchase up to USD1000 through the Banxa Fiat Gateway via Metamask on the Linea blockchain during the Promotion Period (defined below). For avoidance of doubt, this offer does not apply to a single transaction completed above USD1000, or multiple transactions totalling above USD1000, per customer during the Promotion Period.
Promotional Offer
Banxa’s standard Gateway Fees and Network Fees will be waived for eligible customers during the Promotion Period. In addition, Banxa may reduce its Spread to nil (0%) during the Promotion Period, however Banxa may vary or withdraw this offer at any time and without notice, after which it will charge the customer a Spread of 2.5% per transaction during the remainder of the Promotion Period.
Promotional Period
Offer starts on 17 August 2023 at 9am ET and ends on 31 August 2023 at 9am ET (“Promotion Period”).
Terms and Conditions for Transak
1. General
1.1. These Promotion Terms and Conditions are supplemented by our Terms of Service (located at https://transak.com/terms-of-service) , which are binding upon you.
1.2. In these Terms and Conditions, ‘we’, ' us’, ‘our’ mean Transak. Our “Partner” is MetaMask who is operating the Promotion with us.
1.3. These are the Terms and Conditions that apply to the promotion that we and our Partner are running on the MetaMask mobile and desktop application (“Promotion”).
2. Participation
2.1. Every natural person who is older than 18 years old at the time of participation and uses Partner may participate in the promotion.
2.2. By participating in the promotion, the participant states to agree to these Terms and Conditions.
2.3.The participant can only participate in the promotion during the promotion period and only in the manner described below. If the Participant made the transaction late, early, in a way other than the prescribed manner, or it was otherwise incomplete, such a Participant shall be excluded from participation without further notice.
2.4. We may exclude participants or groups of participants at our sole discretion and in the event we find or suspect misuse, fraud, manipulation, circumvention or a breach of these Terms and Conditions. We are entitled to do this on the basis of a suspicion and are not bound to inform the participant or to provide proof.
2.5. Any personal details provided to Transak in connection with this Promotion will be processed in accordance with our Privacy Policy (located at https://transak.com/privacy-policy). It is important that you carefully read and understand this information.
2.6 The Promotion is open to individual users excluding users located in the United States. The Promotion is not applicable to corporate on-ramp transactions.
3. Promotion Period
3.1. The Promotion is only available from 9am ET on 17 August 2023 to 9am ET on 31 August 2023 (the “promotion period”).
3.2. If there are any delays, cancellations, or any other circumstances that cause the processing of the transaction to exceed the timeframe of the promotion period, the transaction will be processed without the special offer.
3.3. Notwithstanding any other provision of these terms and conditions, Transak has the right to cancel or change the Promotion at any time without notice and in its sole discretion. We shall not be liable for any financial loss arising out of the refusal, cancellation or withdrawal of the Promotion or any failure or inability of a customer to take advantage of the Promotion for any reason.
4. Conditions
4.1. Every customer that initiates and completes a buy crypto transaction for USDC on Linea via the Partner mobile and desktop applications during the promotion period will not be charged any transaction fees. Transaction fees herein shall mean the fees that are paid by customers to Transak and Partner for the buy service. Technical fees, including but not limited to Network fees, are still applicable and will be charged.
4.2. Transak services may not be available in some countries. Please check the list of eligible countries/states/territories on our website here: https://transak.com/global-coverage
5. Limitation of Liability
5.1. Except for gross negligence or intent, Transak and Partner, their respective employees, assistants or third parties they engaged are not liable for the damage caused by faults of whichever nature in their software, computer, network, or the Internet that caused the request of the transaction to be received late, poorly, delayed or not at all by Transak.
6. Complaints
6.1. Anybody who has questions, complaints or comments may turn to Transak Customer Services. Customer Services can be contacted by filling out the form here.
7. Final Provisions
7.1. Transak is entitled to amend these Terms and Conditions, without prior notice and without stating reasons, or to cancel the Promotion, if, in the light of statutory or regulatory provisions or interpretations thereof by government bodies, the Promotion cannot be continued or cannot be continued unchanged, if the further implementation of the Promotion is actually or otherwise impossible or impossible under the same conditions or if the circumstances concerning the Promotion have changed to such an extent that its continued progress involves unreasonable or disproportionate extra costs or difficulties for Transak. You are free to decide whether or not to accept a revised version of the terms. Except as otherwise expressly stated by us, participation in the program is subject to, and constitutes your acceptance of, the version of these terms in effect at the time of your participation in the Promotion.
The Promotion shall be subject to force majeure events and on occurrence of any such event, the promotion may be withdrawn at the discretion of Transak.
7.2. In the event that any provision of these terms is declared invalid, illegal or unenforceable, the remaining provisions of these terms shall remain in full force and effect.
7.3. These Terms and Conditions are governed by the laws of England and Wales and any dispute arising out of or in connection with these Terms and Conditions shall be governed by the dispute resolution provisions of the Terms of Service referred to at the outset of these terms. Transak is a trading name of Light Technology Limited (a company registered in England & Wales, Company Number: 11539646).
7.4 This document is an electronic record generated by a computer system and does not require any physical or digital signatures.
Ready to dive in?
A: USDC, short for USD Coin, is a stablecoin pegged to the US Dollar’s value offered by Circle. USDC.e represents the bridged version of USDC on the Linea network. It retains all the characteristics of USDC but operates within the Linea ecosystem. You can learn more here.
Q: What is USDC.e?