How to buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase BUSD on BYDFi. We'll guide you through it
Choose how to purchase BUSD on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (BUSD). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 500+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store BUSD in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your BUSD to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy BUSD on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive BUSD
Trade
Answers
Is Binance USD (BUSD) a Good Investment?
If you're looking for a non-volatile and price-stable asset to include in your investment portfolio, Binance USD (BUSD) is an interesting option. As a stablecoin founded in collaboration between Paxos and Binance, BUSD ensures minimal price fluctuations, even during high uncertainty and volatility in the cryptocurrency market. This stability makes it a convenient base currency for holding or trading against other assets.
Binance USD presents an attractive opportunity. Its price-stability mechanism guarantees that the value of BUSD remains pegged to the US dollar, regardless of market conditions. As a result, BUSD is safe to use for staking, lending liquidity, and yield farming. While there may be momentary and slight fluctuations, the price remains pegged to the US dollar, providing a low-risk exposure for investors who want to trade cryptocurrencies.
The popularity of Binance USD as a base currency for trading crypto assets makes it an excellent digital asset to invest in. Trading cryptocurrencies against BUSD on Binance can lead to trading fee discounts and greater trading flexibility, attracting traders and investors alike.
Is Binance USD Stablecoin Fully Backed?
Binance USD is fully collateralized with actual cash and cash-equivalent reserves, with a current reserve report from Paxos confirming that these reserves back 100% of BUSDs market capitalization. This level of transparency and accountability instills trust among investors and sets BUSD apart as a reliable stablecoin.
With its solid backing by dollar reserves, BUSD offers a secure and trustworthy crypto asset for traders and investors. It has gained popularity due to its stability and easy redemption process.
Being issued on the Ethereum and BNB Chain networks, BUSD enables fast and cost-effective global payment transfers, making it an attractive option for users seeking efficient cross-border transactions.
What Can BUSD Stablecoin Be Used For?
BUSD serves several essential functions, making it a popular choice among traders and investors in the crypto market. Here are some of Binance USDs use cases:
Base Currency For Trading Cryptos
BUSD is a base currency for trading other digital assets on Binance and other supported platforms. With various trading pairs on Binance, you can buy or sell other cryptocurrencies against BUSD to take advantage of trade opportunities and grow your crypto portfolio.
Additionally, Binance provides trading fee discounts for users trading with BUSD, enhancing the appeal for traders.
Buy Goods and Services Online
Binance USD can be a payment option for purchasing goods and services online. Numerous businesses accept BUSD as a payment method, providing users with a convenient and efficient payment solution using the ERC-20 token version of BUSD.
Hedge Against Market Volatility
Investing in BUSD offers an excellent hedge against the market's high volatility. When market conditions become uncertain or volatile, converting your crypto holdings to BUSD can help safeguard your portfolio from steep losses, providing a stable and reliable value for your assets.
Send and Receive Digital Payments Globally
Transacting with Binance USD allows for fast, low-cost, transparent global payments. BUSD's digital nature enables near-instant settlements, making it a more convenient alternative to traditional international transfers using fiat currencies and centralized financial systems.
Earn Passive Income
Binance USD presents opportunities for passive income generation in the crypto market. Various centralized and decentralized platforms support staking, yield farming, and lending of BUSD, enabling users to earn attractive returns and grow their portfolios safely.
How to Convert BUSD to USD
Here are some ways to convert your Binance USD coins to US dollars:
Exchange BUSD on BYDFi
One popular method to convert BUSD to US dollars is through cryptocurrency exchanges that support fiat trading pairs, such as BYDFi. For instance, on BYDFi, you can trade BUSD for USDT on the Spot Trading page and then utilize the BYDFi P2P section to exchange USDT for USD and withdraw the funds.
Convert BUSD to USD on Paxos
Another option is creating an account on Paxos, which allows you to convert BUSD to USD or vice versa without incurring fees. However, it's important to note that you may encounter charges during international bank transfers or wire transfers when withdrawing USD from your Paxos account to your bank account.
How to Add Binance USD (BUSD) to MetaMask?
Here's how you can send your BUSD tokens to MetaMask:
1. Begin by creating a MetaMask account if you're new to the platform. Configure your MetaMask wallet settings and ensure that you've selected the Ethereum mainnet as your network (default setting).
2. Copy your unique MetaMask wallet address. This address will serve as your destination for transferring BUSD tokens.
3. To send BUSD tokens to MetaMask, you need to have them in your possession. Acquire BUSD tokens through platforms like BYDFi or other supported exchanges. Ensure that you follow secure purchasing practices.
4. Log in to your trading account on BYDFi or other supported platforms where you acquired BUSD tokens. Initiate a withdrawal and provide your MetaMask wallet address as the destination. Double-check the accuracy of the address to prevent any errors.
5. If you're dealing with BEP-2 BUSD tokens, follow the above steps. However, ensure that your MetaMask network is configured for the Binance Smart Chain (BSC) by accessing the Settings and adding the BSC network.
How can I convert BUSD to BNB in Trust Wallet?
Trust Wallet's Swap feature provides a convenient method to convert your cryptocurrency holdings directly within your wallet. Here's a step-by-step guide on how to convert Binance USD (BUSD) to Binance Coin (BNB) in Trust Wallet:
1. If you're new to Trust Wallet, create an account and set up your wallet. Ensure that your wallet contains enough BUSD tokens for the swap.
2. Launch the Trust Wallet app and go to the DEX (Decentralized Exchange) section. You can access the Swap feature from there.
3. Within the DEX section, find and click on the Swap button to start the process of converting one cryptocurrency to another.
4. In the Swap interface, you'll need to select the tokens for the swap. Choose Binance USD (BUSD) as the token you want to exchange and select Binance Coin (BNB) as the target token.
5. Enter the quantity of BUSD tokens you want to swap. Double-check all the details for accuracy. Once you're satisfied, click on the Confirm button to proceed.
6. Trust Wallet will display a confirmation screen summarizing the swap details. Carefully review the information, and if everything is correct, click on the Swap button to continue.
7. After confirming the swap, the transaction will be processed. The duration may vary depending on network conditions, but Trust Wallet will provide status updates throughout the process.
8. Once the swap is successfully processed, your BUSD tokens will be exchanged for BNB in your Trust Wallet. To verify the completion of the swap, you can check your wallet's transaction history.
