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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.As of September 12, 2019, BUSD has been available on the Paxos platform for direct purchase and redemption 1:1 for U.S. dollars or PAX, and on Binance.com for trading initially against BTC, BNB, XRP and more to come. (Description provided by CryptoCompare.
Binance USD Currency Details
Name Binance USD
Market Capitalization$21.38 billion
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
About Binance USD (BUSD)
Binance USD (BUSD) Frequently Asked Questions
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 0.00004974 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Binance USD in U.S. dollars is $21.38 billion.
Binance USD (BUSD) Price Chart for Wednesday, October, 5, 2022