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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Binance USD (BUSD) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

Make sure you've selected the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Binance USD (BUSD)

Once your deposit has been approved, you will instantly have access to your assets and you can commence invest and trading. To buy Binance USD (BUSD) on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”.

To discover Binance USD (BUSD), you'll need to put the cointype (BUSD) into the search-box, which is marked in the graphic. Be certain of having choosen the proper grouping, we've marked this also. Click on “BUSD/BTC” to go on.

Step 4 – Buy Binance USD (BUSD)

Once you have found Binance USD (BUSD), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order.

The ”Price” field will be filled with the most recent valuation Binance USD (BUSD) was traded for. You can change this to your favoured price. The ”Amount” field is the amount of BUSD you like to buy. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of BUSD.

When you're satisfied, click on “Buy BUSD”. Your order will be filled as soon as a Seller trades their BUSD for the price you offered.

Step 5 – Withdraw Binance USD (BUSD)

Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an extensive time frame. In order to take off your Binance USD (BUSD), hover over the tab called “Funds” and click on “Withdraw”. Binance USD (BUSD) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Binance USD (BUSD) by using the given drop-down box. Enter the quantity of Binance USD (BUSD) you'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

If you're happy, make a mouse click on “Submit”. You may be requested for phone/email verification before a withdrawal.