What is BUSD? How to Buy? All About Binance USD!

If you are using the Binance exchange or one of the world’s leading exchanges, you must have seen the BUSD coin.

In addition, BUSD, which is one of the first choices of people who invest in stablecoins, draws attention with its high transaction volume. Listed on over thirty exchanges and tradeable with wallets, BUSD is equal to the US dollar.

What is BUSD, how to get it and what are the advantages? If you are wondering about their questions, you are in the right place

Table of Contents

What is BUSD?

How to Buy BUSD?

How to Buy Binance BUSD?

What Advantages Does BUSD Have?

What is the Difference Between BUSD and USDT?

Is BUSD Trustworthy?

How Does BUSD Rise? How is the price determined?

What is BUSD?

BUSD is a stablecoin released by Binance and Paxos and equated to one US dollar. The most important feature that distinguishes it from other stablecoins is that it is audited by the New York State Department of Financial Services (NYDFS). At the same time, the publication of monthly certification reports proves its reliability.

BUSD is equated to the US dollar with a ratio of 1:1. BUSD, which was released in September 2019, is frequently preferred by investors and traders due to the absence of transaction fees.

However, for each BUSD, 1 dollar is kept in the Paxos reserve. Therefore, it has managed to ensure its reliability among other stablecoins.

Ethereum-based BUSD is in ERC-20 standards and also has the blockchain technology of the Binance platform. BUSD offers trading without transaction fees and additional fees, especially for Binance customers. Also known as Binance USD.

How to Buy BUSD?

BUSD can be purchased from the following platforms, especially Binance and Paxos:

Coinbase

Poloniex

FTX

UniSwap

PancakeSwap

Although BUSD is in many exchanges and is equal to 1 dollar, there may be buy/sell differences on some platforms. Not to be affected by these differences or free transactions etc.

You can choose Binance or Paxos platforms to take advantage of the benefits. In addition, the BUSD token is expected to be listed on local cryptocurrency exchanges in the future.