A Step-by-Step-Guide on how to buy Binance USD (BUSD)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy units of the major coins. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and receive your first 10 Dollar.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. Binance USD (BUSD) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this manual) Make sure you've selected the exact coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Find (BUSD) Binance USD As soon as your deposit has been verified, you will directly have access to your assets and you can start buying and trading. To purchase (BUSD) Binance USD on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To discover (BUSD) Binance USD, you will need to insert the shortname of the coin (BUSD) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we've marked this too. Click on “BUSD/BTC” to continue.
Step 4 – Purchase Binance USD (BUSD) Once you've discovered Binance USD (BUSD), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are going to make our own Limit Order. The field with the “Price” tag will be filled automatically with the most recent tariff Binance USD (BUSD) was sold for. You can change this to your desired price. The field with the “Amount” tag is the volumen of BUSD you wish to buy. The ”Total” field is the aggregated price in BTC that you'll settle for the whole volumen of BUSD. If you're glad, make a mouse click on “Buy BUSD”. Your order will be filled when a Vender sells their BUSD for the price you submitted.
Step 5 – Withdraw Binance USD (BUSD) Unless you are regularly trading, best advise is not to keep your coins on an Crypto Trader for an extended time frame. To take off your Binance USD (BUSD), hover over the tab called “Funds” and click on “Withdraw”. Binance USD (BUSD) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance USD (BUSD) by using the given drop-down box. Drop in the volumen of Binance USD (BUSD) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a take off.