A Step-by-Step-Guide on how to buy Binance USD (BUSD)
Step 1 – Signup to CEX.io In the beginning you'll need to buy units of the bigger coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below to register and to get your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Binance USD (BUSD) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Locate (BUSD) Binance USD Once your deposit has been verified, you'll instantly have access to your finances and you can commence buying and trading. To buy (BUSD) Binance USD on Binance, you'll want to hover over the ”Exchange” tab and after that mouse click on “Basic”. In order to spot (BUSD) Binance USD, you'll need to insert the short name of the asset (BUSD) into the search-box, which is highlighted in the picture. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “BUSD/BTC” to go ahead.
Step 4 – Acquisition of Binance USD (BUSD) After you've found Binance USD (BUSD), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the up-to-date rate Binance USD (BUSD) was traded for. You can change this to your preferred price. The ”Amount” field is the amount of BUSD you want to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete amount of BUSD. When you are satisfied, click on “Buy BUSD”. Your order will be filled when a Vendor sells their BUSD for the price you offered.
Step 5 – Withdraw (BUSD) Binance USD Unless you are trading, best advise is not to keep your crypto on an Crypto Exchange for an extended time frame. In order to take off your (BUSD) Binance USD, go to the ”Funds” tab and click on “Withdraw”. (BUSD) Binance USD can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (BUSD) Binance USD by using the provided drop-down box. Put into the quantity of (BUSD) Binance USD you'd wish to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address. When you are glad, click on “Submit”. You could be requested for verfication via email/phone before a take off.