Binance USD


Overview of Binance USD

  • Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website.
  • Binance USD was founded to improve the decentralized financial ecosystem with a frictionless global network, allowing digital assets to add accessibility, flexibility, and speed to transactions at scale.
  • Binance USD is a US Dollar backed stablecoin, the result of a partnership between cryptocurrency exchange Binance, and a leader in the stablecoin space, Paxos.
  • Binance USD is not currently available when buying flights with Alternative Airlines, but you can buy your flights with us using other cryptocurrencies.
  • Binance USD price Index provides the latest BUSD price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
  • Binance USD produces its own wallet software that is available for download on its website, which allows you to store Binance USD on your computer.
  • Binance USD(BUSD) is an ERC20 token that is Centrally Minted and Burned by Paxos,
    representing the trusted party backing the token with USD.
  • Binance USD's share of the entire cryptocurrency market is 0.33% with the market capitalization of $ 7.62 Billions.
  • Binance USD is digitalized US Dollars, offering customers a quick, easy and convenient way of making a transaction.
  • Binance USD has lots of advantages even though it's only trading in one fiat currency – USD.
  • Blockchain

    Binance USD is transacted on the Ethereum blockchain network in the same manner as any other ERC-20 token.Any user looking to redeem their BUSD can simply send the tokens to a Paxos controlled address where the tokens will be burned and the corresponding fiat currency amount will be transferred from the Paxos reserve accounts to the user’s bank account.


    To date, Binance USD is one of only three stablecoins that have been approved by U.S.


    Since launching in September 2019 the Binance USD has grown in use from traders and investors, while also finding significant support from companies outside its own ecosystem.Thanks to its fully regulated status it has become considered as a safe bridge between fiat and crypto assets.

    Are all the top cryptocurrency exchanges based in the United States?

    No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e.Coinbase or Kraken), there are other very well-known industry leaders that are located all over the world.For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

    Can I buy Binance USD with other currencies except USD?

    Yes, you can top up your Binance cash wallet with other currencies first before you convert your cash to BUSD or you can convert other stablecoins with BUSD in a 1:1 ratio.If you want to trade with USD, simply convert your US dollars to BUSD via wire transfer.

    How can you buy BUSD?

    You can buy BUSD from exchanges, for the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab ( can purchase and redeem BUSD from Paxos: (https://www.paxos.

    How Do Binance and Coinbase Work?

    Both platforms function as an online brokerage for cryptocurrencies.Users deposit fiat funds to buy, sell, or trade digital currencies.The signup process is similar for both, but international Binance users won’t need to show a photo ID to verify their account.However, Binance.US requires a photo ID.

    How Do Binance and Coinbase Work?

    Binance is a cryptocurrency exchange that functions similarly to an online brokerage for buying, selling, and trading digital currencies.Users create an account and add funds via a standard financial account or credit card to purchase cryptocurrency.Users can then withdraw those currencies to their digital wallet, or use the Binance platform to trade them.

    How do I buy Binance USD?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Binance USD.

    How is BUSD secured?

    BUSD security is maintained using a third-party authorization method called Oauth2.With it, only an authorized third party like Binance can access or control Paxos customer accounts for BUSD, ensuring that only the User retains valid access to their funds.

    How to Buy the Binance (BNB) Coin?

    There are two scenarios that we should consider if you want to buy Binance (BNB) Tokens.

    How to get BUSD?

    BUSD can be acquired on the Binance and Paxos platforms.Like many stablecoins, the token can be sold, traded, or bought over several channels and platforms.Users can also purchase BUSD directly with their credit cards due to Binance’s partnership with Koinal, a payments processor based in London.

    How to pick the best crypto exchange for yourself?

    Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally.For example, all of the best exchanges should possess top-tier security features, but if you’re looking to trade only the main cryptocurrencies, you probably don’t really care too much about the variety of coins available on the exchange.

    I Don’t Have any Cryptocurrency, How can I Buy Binance (BNB) Coins?

    Since Binance doesn’t accept “real world” or fiat currencies like the USD or Chinese Yuan, you will need to buy some cryptocurrency first.

    Is BUSD an ERC-20 token or just a Binance Chain token?

    BUSD is an ERC-20 token with BEP-2 support, meaning that though it is primarily an ERC-20 token, it can be used on the Binance chain too.

    Is BUSD secure and stable?

    Paxos Trust Company is the USD custodian and issuer of BUSD.Each BUSD you hold corresponds to 1 US dollar in the bank account to ensure that you can always buy and redeem your asset anytime with US dollars at 1:1.

    Is It Safe to Hold Crypto in the Binance or Coinbase Exchanges?

    Although Binance and Coinbase are among the best crypto exchanges, users are encouraged to store funds in a hardware wallet for long-term savings.Any currencies held online may be a target of hackers, and most exchanges have experienced breaches, including Binance in 2019.Although Coinbase told The New York Times that it’s never been hacked and “only 0.004% of its users had experienced ‘account takeovers’ in the past year,” mistakes can happen on your end, putting your coins at risk.

    Need an extra data or want to make a comment?

    "We are constantly working and adding features to our service.But we are not yet predicting the future, especially when it comes to future uses of cryptocurrencies.That's why we are very sensitive to your proposals and suggestions.

    Should I Use the Coinbase Wallet?

    The Coinbase Wallet is a secure digital wallet that allows you to hold your cryptocurrency in one place.It has multiple layers of protection, including biometric access controls and a 12-word recovery phrase.

    What Are Binance and Coinbase?

    Coinbase is a U.S.-regulated cryptocurrency exchange that allows users to buy, sell, send, receive, and exchange altcoins via a web browser or mobile app.Binance is also an exchange, but it has one the highest crypto volumes and isn’t considered U.S.-regulated, which is why not all functions and coins are available to U.S.-based users.

    What Are Binance and Coinbase?

    Binance and Coinbase are cryptocurrency exchange platforms designed for buying, selling, and trading these currencies.Binance offers a wide range of trading tools for more advanced crypto traders while Coinbase is a great on-ramp for beginners to buy their first cryptocurrency.

    What are the main differences when comparing Binance VS Coinbase?

    While both crypto trading platforms are considered to be the “top-dogs” of the industry, they both still differ quite a bit from one another.For example, Coinbase is based in the US, while Binance is located in Malta (previously, it was based in China and Japan).Coinbase is primarily a cryptocurrency brokerage, while Binance is an exchange.Also, while Coinbase is very simple to use, Binance offers its users some better fees.

    What coins are similar to Binance USD?

    The following coins use Binance USD’s ETH Token algorithm and proof-type: Chainlink, THETA, DREP, DREP [old], PancakeSwap, Aave, Maker, FTX Token, Huobi Token, Coin, Dai, Polygon, Chiliz, Holo and OKB.

    What hashing algorithm does Binance USD use?

    Binance USD is a coin that uses the ETH Token algorithm.

    What is Binance (BNB)?

    Binance comes from the words “Binary” and “Finance.” It has 2 meanings.

    What is Binance Coin (BNB)?

    Binance Coin (BNB) is a cryptocurrency that can be used to trade and pay fees on the Binance cryptocurrency exchange.The Binance Exchange is the largest cryptocurrency exchangeCryptocurrency ExchangesCryptocurrency exchanges are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat in the world as of January 2018, facilitating more than 1.4 million transactions per second.

    What Is Binance USD (BUSD) Stablecoin?

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    What is Binance USD (BUSD)?

    Binance USD was founded to improve the decentralized financial ecosystem with a frictionless global network, allowing digital assets to add accessibility, flexibility, and speed to transactions at scale.Binance USD coins are ERC-20 tokens, issued on the Ethereum blockchain.Each Binance USD coin is backed by one US dollar, held in FDIC insured US bank accounts owned by Paxos, who have partnered with Binance to meet stablecoin regulations.To date, Binance USD is one of only three stablecoins that have been approved by U.S.regulators.

    What is Binance USD (BUSD)?

    Binance Coin (BNB) is the native cryptocurrency of cryptocurrency exchange behemoth, Binance, which currently runs on its Binance Chain blockchain.Issued during Binance’s July 2017 ICO for BNB, the coin serves multiple utility purposes on the Binance exchange and was initially established with a total supply of 200 million.

    What is Binance USD?

    Binance USD is digitalized US Dollars, offering customers a quick, easy and convenient way of making a transaction.It's also secure and stable and Paxos Trust Company is the issuers of BUSD, you can even convert stablecoin to BUSD.

    What is Binance USD?

    Binance USD (BUSD) is a highly regulated stablecoin collateralized and pegged to the U.S dollar on a 1:1 basis.The BUSD offers users a wide range of regulated use-cases for their digital assets while minimizing volatility and security risk.

    What is Binance USD?

    BUSD is a stablecoin issued by Paxos in partnership with Binance.

    What is Binance USD?

    Binance USD (BUSD) is a stable coin pegged to USD that has received approval from the New York State Department of Financial Services (NYDFS).BUSD will be available for direct purchase and redemption at a rate of 1 BUSD = 1 USD.Starting September 12, 2019, BUSD will be available on the Paxos platform for direct purchase and redemption 1:1 for U.S.dollars or PAX.Later in September it will become available on for trading initially against BTC, BNB and XRP and more to come.BUSD is now available for purchase and redemption on the Paxos platform.In order to get BUSD through Paxos, you need to be a verified customer.You can either deposit PAX or deposit dollars by wire from a bank account.

    What is BUSD?

    The Binance USD (BUSD) is a stablecoin that is backed and collateralized by U.S.dollars.It gives its users the ability to transact with other digital and blockchain-based assets while minimizing volatility risks.

    What is BUSD?

    Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website.Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology.It is a digital fiat currency, issued as ERC-20 and supports BEP-2.

    What is the difference between a crypto exchange and a brokerage?

    In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person.The exchange platform (i.e.Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).With a brokerage, however, there is no “other person” – you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party.When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term – exchange.This is done for the sake of simplicity.

    What is the difference between USDT and BUSD?

    The difference between Binance USD and USD Tether lies in principles and operations.BUSD is regulated and approved by the NYDFS, and it also has reserves held not by the parent company, but by an appropriate financial institution, Paxos.

    What is the value of Binance USD?

    One Binance USD (BUSD) is currently worth $1.00 on major cryptocurrency exchanges.You can also exchange one Binance USD for 0.00001845 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Binance USD in U.S.dollars is $6.98 billion.

    Where can I get Binance USD wallet?

    Binance USD produces its own wallet software that is available for download on its website, which allows you to store Binance USD on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Where to Buy and Store BNB?

    BNB coins are available on the Binance Exchange and Ether Delta since it is ERC20 compliant.You can buy it from either source.

    Which cryptocurrency exchange is best for beginners?

    Reading through various best crypto exchange reviews online, you’re bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use.While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges.That said, many users believe that Coinbase is one of the simpler exchanges on the current market.

    Which is better – Coinbase or Binance?

    If you’re comparing Binance VS Coinbase, naturally, you are probably trying to find the better of the two.Well, it actually depends on what it is you’re looking for – while Coinbase is considered to the leader of cryptocurrency trading and exchange platforms, Binance does have some smaller fees, and a lot more coins to pick from (buying and selling-wise).

    Which USD?

    I don't want to trade right now but I want to have my USD already on the exchange for when I do.

    Who Should Use Binance or Coinbase?

    Coinbase is perfect for beginners who prioritize convenience and security.The user-friendly platform is very easy for nearly anyone to use, and when you open the application, you’ll see a clean interface with minimal options.As a trusted, U.S.-based exchange, it’s a good fit for users wary about buying or trading cryptocurrency.However, you pay a higher price for convenient deposit and withdrawal options.

    Who supports BUSD?

    BUSD receives support from several big names in the industry, despite being a relative newcomer to the stablecoin market.Already supported by Binance, it includes Paxos, Etherscan, and the NYDFS among other supporters.

    Why does Binance use USDT instead of USD?

    binance seems to have BTC-EUR but no BTC-USD.I can see BTC-USDT.

    Why not use our dedicated market data API?

    "Our market-data API provides trades, candles (OHLC), aggregated volumes and a variety of average price according to a standard scheme from our cryptocurrency exchanges with microsecond accuracy continuously 7 days a week, 24 hours a day.

    Why should I use Binance USD to buy flights?

    There are no extra fees applied to your transaction and your transactions are always done in minutes wherever you are.There's no need to reach your debit or credit card when you make transactions and it's still quick, easy and convenient way to buy flights.

    Why use Binance USD?

    Binance USD has lots of advantages even though it's only trading in one fiat currency – USD.It is still trading on the world's largest cryptocurrency platform by trading volume.

    History of Binance USD