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 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Binance USD (BUSD) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to) Make sure you've chosen the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our guide).
Step 3 – Find Binance USD (BUSD) As soon as your deposit has been approved, you'll instantly have access to your funds and you can commence buying and trading. To invest in Binance USD (BUSD) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To discover Binance USD (BUSD), you will need to put the shortname of the coin (BUSD) into the search-box, which is marked in the picture. Make sure you have selected the proper pairing, we've marked this too. Click on “BUSD/BTC” to go on.
Step 4 – Purchasing Binance USD (BUSD) As soon as you have spotted Binance USD (BUSD), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). And now we're making our own Limit Order. The field with the “Price” tag will be filled automatically with the most up-to-date price Binance USD (BUSD) was sold for. You can change this to your favoured rate. The ”Amount” field is the amount of BUSD you want to buy. The ”Total” field is the total price in Bitcoin that you will settle for the complete volumen of BUSD. If you're glad, make a mouse click on “Buy BUSD”. Your order will be filled when a Vender trades their BUSD for the price you offered.
Step 5 – Withdraw Binance USD (BUSD) Unless you are frequently trading, you should never keepyour crypto on an Crypto Trader for an extended period of time. To take off your Binance USD (BUSD), hover over the tab called “Funds” and click on “Withdraw”. Binance USD (BUSD) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Binance USD (BUSD) by using the provided drop-down box. Drop in the volumen of Binance USD (BUSD) you'd like to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.