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).
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Binance USD (BUSD) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps) Make sure you have chosen the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Find Binance USD (BUSD) As soon as your deposit has been affirmed, you will now have access to your funds and you can begin buying and trading. To invest in Binance USD (BUSD) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to find Binance USD (BUSD), you will need to insert the shortname of the coin (BUSD) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “BUSD/BTC” to proceed.
Step 4 – Purchase Binance USD (BUSD) As soon as you've spotted Binance USD (BUSD), you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price Binance USD (BUSD) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of BUSD you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you will settle for the whole quantity of BUSD. When you are satisfied, click on “Buy BUSD”. Your order will be filled when a Vendor sells their BUSD for the price you gave.
Step 5 – Withdraw Binance USD (BUSD) Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an longer time period. In order to take off your Binance USD (BUSD), go to the ”Funds” tab and mouse 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 provided drop-down box. Enter the volumen of Binance USD (BUSD) you would like to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. When you are glad, click “Submit”. You could be asked for verfication via email/phone ahead of a take off.