How to Buy SoFiUSD (SOFID)

SOFID price $0.999 0.02% 24h · exchange data updated 54 min ago

Quick answer

The easiest place to buy SOFID is a well-rated exchange such as Kraken, Bullish or Manifest. Some let you pay in USD directly; otherwise buy USDC first and trade it for SOFID. $3.61M worth of SOFID traded across the 3 exchanges we track in the last 24 hours.

Where to buy SOFID

Exchange	Trust	Pay with	SOFID 24h volume	Spread	Link
Kraken	10out of 10, high trust	USDUSDC	$94.04K	0.02%	Buy SOFID on Kraken
Bullish	8out of 10, high trust	USDC	$3.51M	0.01%	Buy SOFID on Bullish
Manifest	2out of 10, low trust	EPJFWD…DT1V	$245.03	1.00%

Highest trust score first, then by SOFID volume. Highlighted currencies are national currencies you can pay with directly. We don't earn from any exchange listed.

How to buy SOFID, step by step

Choose an exchange that lists SOFID
SOFID trades on 3 of the exchanges we track. Among the best-rated of them (trust score 10/10), Kraken handles the most SOFID: $94.04K changed hands there in the last 24 hours; Bullish and Manifest are the next options.
Check that the exchange is licensed or allowed to operate where you live — the same exchange can offer different coins in different countries.
Create an account and verify your identity
Centralized exchanges ask for an email, a password and, before you can deposit money, identity verification (KYC) with a photo ID. Turn on two-factor authentication with an authenticator app, not SMS, as soon as the account is open.
Deposit money
You can buy SOFID directly with USD on Kraken. Deposit by bank transfer (usually cheapest) or card (faster but pricier).
Most SOFID volume is against USDC (97%), so on other exchanges you would deposit money, buy USDC first, then trade it for SOFID.
Buy SOFID
Open the SOFID/USD market and enter how much you want to spend. A market order fills immediately at the best available price; a limit order waits until the price reaches the level you set. Spreads on the main SOFID markets are tight (around 0.02%), so a market order won't cost much beyond the trading fee.
Decide where to keep it
You can leave SOFID on the exchange, which is simplest, or withdraw it to a wallet you control. Before withdrawing, check that your wallet supports SOFID on the same network the exchange sends on — funds sent over the wrong network can be lost.

Before you buy

SOFID is a stablecoin designed to track a fixed value; people typically buy it to hold dollars on-chain or to move money between exchanges, not to profit from price moves. Its peg depends on the issuer's reserves.
97% of tracked SOFID volume is on a single exchange (Bullish). If that venue halts trading or withdrawals, liquidity elsewhere is limited.
Buying crypto can be taxable where you live. Keep a record of what you paid and when.

This guide is general information, not financial advice.