How to Buy Binance USD (BUSD)

A Step-by-Step-Guide on how to buy Binance USD (BUSD)

Step 1 – Signup to Kraken

You'll first need to buy one of the top-tier currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Click the button below for registration and receive BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Binance USD (BUSD) is accessible on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you've chosen the precise coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Binance USD (BUSD)

Once your deposit has been affirmed, you'll directly have access to your funds and you can commence purchasing and trading. To purchase Binance USD (BUSD) on Binance, you'll want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

To spot Binance USD (BUSD), you'll need to put the short name of the asset (BUSD) into the search-box, which is highlighted in the picture. Make sure you have selected the correct pairing, we have highlighted this too. Click on “BUSD/BTC” to progress.

Binance Hot To Buy Binance USD (BUSD)
Binance How to Buy (BUSD) Binance USD
Step 4 – Acquisition of Binance USD (BUSD)

As soon as you've discovered Binance USD (BUSD), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). Next we're going to make our own Limit Order.

The ”Price” field will be automatically filled with the most recent valuation Binance USD (BUSD) was traded for. This can be changed to your preferred price. The ”Amount” field is the quantity of BUSD you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will pay for the complete amount of BUSD.

When you're satisfied, make a mouse click on “Buy BUSD”. Your plan will be filled when a Vender sells their BUSD for the price you offered.

Step 5 – Withdraw Binance USD (BUSD)

Unless you're frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extensive time period. To withdraw your Binance USD (BUSD), go to the ”Funds” tab and click on “Withdraw”. Binance USD (BUSD) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance USD (BUSD) by using the provided drop-down box. Put into the quantity of Binance USD (BUSD) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address.

When you are satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a take off.

Binance Withdraw

Congrats! You have successfully bought and stored Binance USD (BUSD).

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you have proved your take off using Ethplorer.io or Etherscan.io and the (BUSD) Binance USD is stored in your wallet, you're all done.
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