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How to get BUSD
Purchase BUSD with cash
0 FeePurchase 1:1 with USD via wire transfer, or top up your Binance cash wallet with other currencies to exchange to BUSD.
Convert stablecoins
0 FeeHotZero transaction fee for BUSD/USDT、USDC/BUSD、TUSD/BUSD、PAX/BUSD.
Trade BUSD Now
Maker 0Support multiple trading pairs to trade other coins to BUSD.
What is BUSD
Highly regulated 1:1 USD-backed crypto stablecoin
These are digitised US Dollars and are always purchased and redeemed at 1 BUSD for 1 US dollar.
Purchase and redeem with Zero Fees
Binance and Paxos don’t charge a fee for the purchase or redemption of Binance USD (BUSD) However bank charges/wire fees may apply.
Transfer globally, fast and low-cost.
Supported on both ERC-20 and BEP-2; transfer your dollars anywhere in minutes, with low cost and on the blockchain.
How to use BUSD
- Trade BUSD NowSave on fees and trade against multiple pairs. Support margin trades.Trade BUSD Now
- Earn interest with BUSDDeposit your Binance USD and earn interest with lending.Go to Lending
Where you can trade
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Venus
Binance Is Pitching Its Stablecoin as a Government-Friendly Libra CompetitorBinance is now positioning its Venus stablecoin project as an alternative to Facebook's Libra, a month after downplaying any suggestions
Bermuda gears up for digital currency payments | The Royal Gazette:Bermuda BusinessThe opportunity to use digital currency to pay for government taxes, services, and fees in Bermuda is on the way.In a major announcement David Burt, said the Government has committed to accept digital currency payments, providing they are one-to-one US dollar-backed digital currencies that are licensed by the Bermuda Monetary Authority.The intention is to have the initiative ready by the start of the new year.Support has come from Circle, the first company to achieve a full licence under Bermuda’s Digital Asset Business Act, and a group of others that include Binance, Bermudian-based Hub Culture, TrustToken and Stably.The Premier made the announcement this morning at the start of the Bermuda Tech Summit, part of Bermuda Tech Week.He said: "The Bermuda Government has committed to accept for payment of government taxes, fees and services, one-to-one backed US dollar digital currencies that get licensed by the Bermuda Monetary Authority."Mr Burt said Bermuda will be an example to other jurisdictions on how to adopt…
Binance to Launch Venus CryptocurrencyAs Facebook faces scrutiny for its Libra project, one of the largest cryptocurrency exchanges, Binance, is looking to develop its own potential competitor:
FAQ
How to purchase and redeem BUSD?
Click on "How to buy BUSD"
1. Purchase with your local currency: Wire transfer with US dollar (using Paxos services), or top up your Binance fiat wallet with different currencies to exchange for BUSD. (e.g., top-up RUB, then trade RUB/BUSD)
2. Multiple trading pairs such as BTC, BNB, ETH, XRP, LTC, etc. for BUSD
3. One-click stablecoin conversion. Easily convert your other stablecoins 1:1 to BUSD.
Redemption: If you need to sell BUSD to withdraw US dollars,
1. Use Buy and Sell function on Binance. For large redemptions, contact the Binance OTC desk (email is at the bottom of the page).
2).Redeem via Paxos platform. Click here to read Paxos processes and FAQs: https://help.paxos.com/hc/en-us/sections/360008612031-Deposits-and-Withdrawals/.
Price: Check the current price of Binance USD: https://www.binance.com/en/price/binance-usd.
1. Purchase with your local currency: Wire transfer with US dollar (using Paxos services), or top up your Binance fiat wallet with different currencies to exchange for BUSD. (e.g., top-up RUB, then trade RUB/BUSD)
2. Multiple trading pairs such as BTC, BNB, ETH, XRP, LTC, etc. for BUSD
3. One-click stablecoin conversion. Easily convert your other stablecoins 1:1 to BUSD.
Redemption: If you need to sell BUSD to withdraw US dollars,
1. Use Buy and Sell function on Binance. For large redemptions, contact the Binance OTC desk (email is at the bottom of the page).
2).Redeem via Paxos platform. Click here to read Paxos processes and FAQs: https://help.paxos.com/hc/en-us/sections/360008612031-Deposits-and-Withdrawals/.
Price: Check the current price of Binance USD: https://www.binance.com/en/price/binance-usd.
Is BUSD secure and stable?
Paxos Trust Company is the USD custodian and issuer of BUSD. Each BUSD you hold corresponds to 1 US dollar in the bank account to ensure that you can always buy and redeem your asset anytime with 1:1 pegged US dollars.
Monthly attestation reports.
Review our auditing firm's monthly attestation reports. https://www.paxos.com/attestation.