About Binance USD (BUSD)
Name Binance USD
Market Capitalization$12.82 billion
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
Binance USD (BUSD) Frequently Asked Questions
What is Binance USD?
Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS). BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD. Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX. Later in September it will become available on Binance.com for trading initially against BTC, BNB and XRP and more to come. BUSD is now available for purchase and redemption on the Paxos platform. In order to get BUSD through Paxos, you need to be a verified customer. You can either deposit PAX or deposit dollars by wire from a bank account. (Description provided by CryptoCompare)
How do I buy Binance USD?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Binance USD.
Where can I get Binance USD wallet?
Binance USD produces its own wallet software that is available for download on its website, which allows you to store Binance USD on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Binance USD?
One Binance USD (BUSD) is currently worth $1.00 on major cryptocurrency exchanges. You can also exchange one Binance USD for 0.00002084 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Binance USD in U.S. dollars is $12.82 billion.
What hashing algorithm does Binance USD use?
Binance USD is a coin that uses the ETH Token algorithm.
What coins are similar to Binance USD?
The following coins use Binance USD's ETH Token algorithm and proof-type: Chainlink, Polygon, Polygon, FTX Token, DREP, DREP [old], Dai, THETA, PancakeSwap, Crypto.com Coin, Aave, Axie Infinity, The Graph, Fantom and Maker.
MarketBeat Community Rating for Binance USD (BUSD)MarketBeat's community ratings are surveys of what our community members think about Binance USD and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Binance USD (BUSD) Price Chart for Saturday, September, 18, 2021
Binance USD (BUSD) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Binance USD. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Binance USD Coin" over the last 90 days.
Binance USD (BUSD) Website Traffic
Binance USD (BUSD) Social Media Trends
Binance USD (BUSD) News Headlines