UK-based crypto trading platform CEX.IO offers you a variety of instruments by which you can buy over 80 different cryptocurrencies, including Bitcoin (BTC), Ripple (XRP), Binance USD (BUSD), etc. A major benefit of this exchange is that customers can use both debit and credit cards, an option they’re used to paying in their daily life. To buy or to sell Bitcoin and other digital assets like BUSD won’t take you much time at CEX.IO because all services are intuitively navigated. As well, you can monitor current cryptocurrency prices on a single page and trade them right away.
Whether you are just getting started on the platform or have dealt with virtual currencies before, we’ve got a brief guide with useful tips on how to buy Binance USD coins. Let’s discover it together!
How it works?
What is Binance USD (BUSD) coin and what is its value?
BUSD is a stablecoin, which received regulatory approval in the US and is backed by US dollars. Binance, a famous crypto exchange, and stablecoin company Paxos announced in 2019 issuing the stablecoin pledged to the US dollar. 1 BUSD stands for 1 US dollar deposited in a US bank account owned and controlled by Paxos.
Should I buy a BUSD coin and how to do it?
The BUSD token is based on the Ethereum blockchain and is ERC-20 compliant. The BUSD to USD rate is always approximately 1:1. It is recognized as a medium of exchange by the New York State Department of Financial Services (NYDFS) and used as a payment method on the crypto market across the globe.
You can send digital dollars (BUSD) anywhere in time and at a low cost because it runs on the blockchain. Also, BUSD is available for trading on different exchanges, including the CEX.IO platform.
How to buy Binance USD with a credit card at CEX.IO?
CEX.IO is a robust digital currency platform offering you to buy BTC instantly, sell and trade this and many other listed coins. So what is the best way to buy BUSD online in the USA?
CEX.IO makes buying cryptocurrency a quick and easy process. You just need to register or log in and proceed with the Buy/Sell page. There you’ll see the Instant Buy packs that include the most common amounts purchased on the platform as well as a custom amount box. Choose one and click Buy — you will go to the transaction page where you can enter your card information or select your linked card. You can also use your CEX.IO balance to pay for this purchase.
Once you click Proceed, we’ll complete your request and you will get BUSD on your account immediately.
Please, note that newcomers should pass the Identity verification process to be able to deposit and withdraw fiat or crypto funds. This is a mandatory part of CEX.IO's compliance with international AML/KYC laws and is necessary to guard your funds and sensitive information against malicious intruders.
How to buy Binance USD (BUSD) coin with a debit card?
It makes no difference which card you use to purchase BUSD — credit, or debit. To purchase digital assets on CEX.IO you are free to use the one that is the most convenient for you. Say, you can buy ETH with a debit card as well as with a credit card through our Instant Buy service.
Please note that your payment provider may charge different fees based on the type of card.
Where to buy BUSD coin and try stock trading?
Numerous characteristics indicate that CEX.IO is a cryptocurrency exchange of high quality.
Since its establishment, CEX.IO has been a self-regulated crypto platform that follows industry best practices. Additionally, we have an established set of internal procedures and rules that we successfully apply in cooperation with external regulators. CEX.IO registered as an MSB (Money Services Business) with FinCEN in the United States in 2015. The client’s information on the exchange is private and protected, which indicates that the exchange respects user privacy. Buying BUSD coin at CEX.IO, you can be sure that your assets are protected.
What app to buy Binance USD to choose?
CEX.IO made it much easier for you to buy virtual currency from almost anywhere, at any moment, thanks to the user-friendly mobile app.
Once you download the app from Google Play or the App Store, you can install and start using it. Just enter your CEX.IO login information or create an account. Buying BUSD with fiats works in a similar way to buying on the web — just follow the Buy/Sell menu and select the Buy option.
FAQ
Q.
What is a stablecoin?
A.
The stablecoin is a form of cryptocurrency that aims to preserve its value over time. Recently, stablecoins have grown in popularity, with many new projects already underway. In general, stablecoins are supposed to be resistant to market volatility. As a result, their value shouldn't considerably fluctuate and tend to a 1:1 ratio with the pledged currency.
Q.
Where can I get BUSD?
A.
On the CEX.IO platform, BUSD is available for direct purchase and redemption approximately 1:1 for U.S. dollars. There are a few ways to do it: Trade page, Exchange and Buy options in the CEX.IO mobile app.
Q.
Can I convert BUSD to cash?
A.
Yes, at CEX.IO you can trade the BUSD/USD market, sell Binance USD (BUSD) for dollars instantly or convert it into fiat or cryptocurrencies in a few clicks using the mobile app.
Q.
Where can I find the BUSD price?
A.
Binance USD price is always available on the BUSD/USD price chart, where you can follow its changes 24/7. As well, you can discover other rates, like BTC to USD.
