How to Buy, Send, Store, and Sell Binance USD (BUSD) in 2022

Welcome to coinobear guide. In this post, we are going to show you how to Buy, Send, Store, and Sell Binance USD (BUSD) in 2022 

Welcome to coinobear guide. In this post, we are going to show you how to Buy, Send, Store, and Sell Binance USD (BUSD) in 2022 

What is Binance USD?

Binance USD (BUSD is a ‘stable coin’ which is basically a cryptocurrency that has its value pegged to the US dollar. What this means is that 1 BUSD is always available to buy and sell for 1 US dollar.

Features of Binance USD Coin

Binance USD has received approval from the New York State Department of Financial Services (NYDFS- quite impressive considering the American authorities skeptical stance on cryptocurrencies.

Holding BUSD is useful when trading cryptocurrencies. For example, if you want to sell a cryptocurrency you hold (maybe you think the price is about to go down you can sell it for a stablecoin such as BUSD instead of back into your fiat currency (for example, the US dollar. That way you money never has to leave the exchange and it’s easier to buy back into cryptocurrencies when you’re ready.

 

How to Buy Binance USD (BUSD) in 2022

KuCOin

0.1% spot trading fee; 0.5% Instant Buy/Sell fee

KuCoin is a secure cryptocurrency exchange that makes it easier to buy, sell, and store cryptocurrencies like BTC, ETH, KCS, SHIB, DOGE, Gari etc. Discover promising coins that cannot be found on other crypto exchanges. Interact with global crypto investors and gain access to timely and trusted crypto news. The KuCoin platform was designed for investors of all types, with 24/7 world-class services in your preferred channel and language.

Kucoin Features

  • 24/7 Customer Service
  • Maker Fee – 0.1% to -0.005%
  • Over 600 cryptocurrencies are supported.
  • Multiple payment methods.
  • Low trading fee

Binance

0.1% spot trading fee; 0.5% Instant Buy/Sell fee

Binance is a cryptocurrency exchange that is the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high-frequency trading software.

Binance Features

  • Low fees, comprehensive charting options, and hundreds of cryptocurrencies
  • 0.10% spot-trading fees, 4.5% for debit card purchases
  • More than 600 for global traders on Binance, and more than 100 U.S. investors on Binance.US
  • Two-factor authentication (2FA)verification, Federal Deposit Insurance Corporation (FDIC)-insured United States dollars (USD) balances for Binance.US, device management, address whitelisting, cold storage
  • Limit order, market order, stop-limit order, trailing stop order, post-only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
  • Limits differ based on the cryptocurrency purchased

 

How to Store Binance USD (BUSD) in 2022

Ledger Wallet

Ledger’s hardware wallets are multicurrency wallets that are used to store private keys for cryptocurrencies offline. Conducting transactions using cryptocurrencies requires the use of cryptographic private keys. But these keys, which are generally stored online, are susceptible to theft and hacks.

Store Binance USD BUSD in Ledger Wallet

Earn 30% APY by Staking Binance USD (BUSD)

Store your Binance USD  (BUSD) on Cake Defi and Earn Upto 30% APY – Click Here to Earn 30% APY
Get 30$ Worth Defi On Signup BonusClick Here

Cake Defi, a crypto fintech platform based in and regulated in Singapore with over $1 billion in managed customer assets, has invested $100 million of its own money to form the new Cake DeFi Ventures (CDV) investment arm, according to a press release provided to CoinDesk

Cake Defi Provides Highest Staking Rewards For Staking Crypto coins. Get 30$ Worth Defi On Signup BonusClick Here.

Pros :

  • Easy Withdrawals
  • Fast Processing
  • Staking Rewards in Real TIme
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