About Binance USD
The Binance USD (BUSD) is a stablecoin which is backed and collateralised by the US dollar. It gives its users the capacity to transact with other digital and blockchain-based assets while – at the same time - minimising volatility risks.
The BUSD was created with the aim of improving the decentralised financial ecosystem through the usage of a frictionless worldwide network that allows digital assets to increasingly add accessibility, flexibility and then speed to transactions.
Binance USD were issued as ERC-20 tokens on the Ethereum blockchain. These are backed on a 1:1 basis by US dollars which are held in U.S. bank accounts that are owned by Paxos, who is the partner of Binance in this particular project.
In addition, BUSD has been one of only three stablecoins so far approved by U.S. regulators, with the other two being GUSD that is issued by Gemini Trust Company, and PAX, which is also issued by Paxos. When you buy Binance USD you can rest assured that it is safe and secure.
How to Buy Binance USD
The whole process of buying Binance USD can be as short as 15 minutes and all you'll require is a smartphone or PC, an internet connection, photo identification as well as a means of payment.
1. Compare Crypto Exchanges
The simplest way to buy Binance USD is from a cryptocurrency exchange.
2. Create an Account
In order to create an account on an exchange, you will have to verify your email address and identity. Make sure that you have some photo ID and your phone all set.
3. Make a Deposit
Once verified, you can deposit money using the payment method that best suits you – credit cards, debit cards, cryptocurrency, Simplex, Banxa and XanPool payments are widely accepted.
4. Buy Binance USD
You can now exchange your funds for Binance USD. On easier-to-use exchanges, this is as straightforward as entering the amount you want to purchase and clicking buy. If you like, you are now able to withdraw your Binance USD to your personal wallet.
Almost all centralised exchanges require personal identification in order to buy and sell crypto such as Binance USB. To buy crypto anonymously, you will need to use a peer-to-peer platform.
With rules and regulations changing always, several previously non-KYC platforms, like Binance, for example, eventually shifted to require identification. Currently, only decentralised P2P platforms, which serve to connect users to one another, let users buy crypto anonymously.
Payment Options Accepted
If you would like to Binance USD, you can use a credit card, debit card, bank deposit, or Apple Pay.
How to Mine, Spend and Trade and Halve Binance USD
Binance USD is a fantastic cryptocurrency to invest in as it is backed and collateralised by the US dollar. So, your investment is safe and secure. There’s no better reason to buy Binance USD now.
Buy Binance USD
Our experts indicate that, although it’s a stablecoin, so profit off its volatility is unlikely, BUSD is a good investment. This makes it a haven when the cryptocurrency market goes through bearish periods.
Experts seem to be in agreement that BUSD will see an increase in adoption going forward. With Binance currently holding the position of one of the world’s leading crypto exchanges, we feel that it’s reasonable to assume that the BUSD market cap will keep growing.
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