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 – Transmit Your Ethereum or Bitcoin to an Crypto Trader

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Binance USD (BUSD) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Follow this guide)

Make sure you have chosen the correct coin you would like to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).

Step 3 – Find Binance USD (BUSD)

Once your deposit has been approved, you will now have access to your finances and you can begin purchasing and trading. To invest in Binance USD (BUSD) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To spot Binance USD (BUSD), you'll need to insert the cointype (BUSD) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we've 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 – Buy Binance USD (BUSD)

Once you have located Binance USD (BUSD), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our own Limit Order.

The field with the “Price” tag will be filled automatically with the most up-to-date rate Binance USD (BUSD) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of BUSD you like to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the whole quantity 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 gave.

Step 5 – Withdraw Binance USD (BUSD)

Unless you're frequently trading, you should never keepyour crypto on an Crypto Trader for an longer time frame. To withdraw your Binance USD (BUSD), hover over the ”Funds” tab and mouse click on “Withdraw”. Binance USD (BUSD) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Binance USD (BUSD) by using the given drop-down box. Put into the volumen of Binance USD (BUSD) you'd wish to withdraw. Take into account the displayed fees/minimums. Also make sure you have entered your precise withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Binance Withdraw

Congratulations! You've successfully bought and safed Binance USD (BUSD).

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the (BUSD) Binance USD is stored in your wallet, you're all done.

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