How to buy Binance USD (BUSD) in Australia

Binance USD
BUSD- USD
STABLECOIN
$1.00
+ $0.0041 ( + 0.41%)

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How to buy Binance USD

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Binance USD.

  1. Open an account on an exchange that supports BUSD.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Binance USD.
  3. Buy Binance USD.
    Complete your Binance USD purchase and then find the best wallet to store BUSD.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Binance USD?

Binance USD is a US-dollar-backed stablecoin created to bridge the gap between traditional finance and the world of cryptocurrencies. It is the first of 3 US dollar stablecoins to be approved by the strict New York State Department of Financial Services (NYDFS).

In September 2019, the cryptocurrency was issued in a joint effort from Paxos, a blockchain infrastructure platform, and Binance, the cryptocurrency exchange. The token is pegged 1:1 with the US dollar, with every BUSD issued resulting in the addition of 1 USD being added to Paxos reserve accounts. If a user purchases 1,000 BUSD, 1,000 BUSD will be minted and $1,000 will be added to Paxos reserves. The 1,000 BUSD are then burned when the user sells.

Although built as an ERC-20 token, meaning it was developed for the Ethereum blockchain, it also now transacts across the Binance BEP-2 token system.

Binance USD (BUSD) is the 18th largest cryptocurrency in the world by market cap, valued at $12,862,343,432. The current price of Binance USD is $1.01, which is -0.030% lower than yesterday. Prices have ranged between $1.01 and $0.998769 over the past 24 hours. All prices are listed in US dollars and accurate as of October 26, 2021 04:10 UTC.

Where to buy Binance USD

Find an exchange to buy, sell and trade BUSD by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Swyftx Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Osko, PayID
AUD, NZD

284
cryptocurrencies

Finder Exclusive: Receive $10 BTC on Sign up and Verification.
Buy and sell a wide range of cryptocurrencies at competitive rates on this Australian exchange.
Binance Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, Osko, PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

272
cryptocurrencies

Promo: New users earn up to USD 100 in bonus rewards on qualified deposits and trades. Valid till 31 December 2021. T&Cs apply.
Binance is the world’s largest exchange by trading volume. Get started with instant zero fee AUD deposits and withdrawals in Australia, and enjoy low trading fees, a wide selection of cryptocurrencies and 24/7 local customer support.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

820
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

154
cryptocurrencies

Buy 100+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
AAX Cryptocurrency Exchange
AAX Cryptocurrency Exchange
Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, SWIFT, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme
AUD, CAD, CNH, CHF, EUR, GBP, HKD, NZD, SGD, USD

110
cryptocurrencies

Make fast transactions including spot, futures and P2P trading with this cryptocurrency exchange.
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Compare up to 4 providers

Is it a good time to buy Binance USD?

The technical analysis gauge for Binance USD displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Binance USD based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Binance USD: moving averages, oscillators and pivots. Finder is not responsible for how BUSD performs.


Binance USD at a glance

Information last updated October 26, 2021 04:10 UTC.
Coin symbol BUSD
Coin Marketcap US$12,862,343,432
Total BUSD supply 12,775,099,763
Circulating BUSD 12,775,099,763
Current price US$1.01
All time high US$1.15
Industry Stablecoins
Token uses Stablecoin
Network Ethereum, Binance Smart Chain

Binance USD price performance over time

Historical prices compared with the price of US$1.01.

1 hour 0.15%
24 hours -0.03%
7 days 0.45%
14 days 0.01%
30 days 0.33%
60 days 0.41%
200 days 0.35%
1 year 0.56%

How to sell Binance USD

You can cash out your BUSD with the same exchange you bought it through:

  1. Sign in to the exchange you have BUSD on.
    If you store your Binance USD in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of BUSD you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Binance USD.

What to consider when buying Binance USD

BUSD is an attempt at creating a US-dollar-backed stablecoin, but there are differentiators that set it apart from similar USD stablecoins. Make sure you consider the following before purchasing BUSD:
  • Regulation: The token is one of few regulated stablecoins and it complies with all the regulatory framework set out by the NYDFS. This can be seen as both a strength and a restrictive weakness.
  • Centralised: Paxos implements a "Set Law Enforcement Role" that can restrict and control accounts that do not comply with NYDFS requirements. In this sense, the BUSD token is not quite decentralised.
  • Audits: The token is audited by the NYDFS every month to provide transparency for users.

Disclaimer: Cryptocurrencies, including Binance USD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of BUSD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Binance USD or any other cryptocurrency discussed.


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