A Step-by-Step-Guide on how to buy Binance USD (BUSD)
Step 1 – Join CEX.io You'll first need to purchase one of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click the button below to register and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Binance USD (BUSD) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Crypto Trader? (Just follow this manual) Make sure you have selected the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Binance USD (BUSD) Once your deposit has been verified, you'll instantly have access to your funds and you can launch purchasing and trading. To invest in Binance USD (BUSD) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To find Binance USD (BUSD), you'll need to put the cointype (BUSD) into the search box, which is highlighted in the image. Be certain of having choosen the correct grouping, we have highlighted this too. Click on “BUSD/BTC” to continue.
Step 4 – Buy Binance USD (BUSD) After you have spotted Binance USD (BUSD), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the latest price Binance USD (BUSD) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the quantity of BUSD you like to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the complete quantity of BUSD. When you are glad, make a mouse click on “Buy BUSD”. Your order will be filled as soon as a Vender trades their BUSD for the price you submitted.
Step 5 – Withdraw Binance USD (BUSD) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extensive period of time. In order to withdraw your Binance USD (BUSD), hover over the ”Funds” tab and mouse click on “Withdraw”. Binance USD (BUSD) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance USD (BUSD) by using the given drop-down box. Drop in the volumen of Binance USD (BUSD) you would wish to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your correct withdraw address. When you're satisfied, click on “Submit”. You could be requested for verfication via phone/email ahead of a take off.