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2022-04-18 23:30:10
How to purchase Binance USD (BUSD)

What is Binance USD
What is BUSD?
Binance USD (BUSD) is a 1:1 USD-backed stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), The BUSD Monthly Audit Report can be viewed from the official website. Launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2.
BUSD Use Case
Based on the price stability, Stablecoin plays an important role in transactions, payments and settlement, and Decentralised Finance (DeFi).
Here are some of the BUSD use case:

Transfer your digital dollars (BUSD) anywhere in minutes, with low cost and on the blockchain.
Trade BUSD on different exchanges and DEX.
Deposit BUSD to earn an interest rate.
Pay BUSD as payment for goods and services.
Use BUSD as collateral and loan asset.
Use BUSD as cross collateral in Futures.
Store BUSD on an exchange or in a wallet.

How can you buy BUSD?
You can buy BUSD from exchanges, for the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab (https://coinmarketcap.com/currencies/binance-usd/markets). You can purchase and redeem BUSD from Paxos: (https://www.paxos.com/busd/)
How to buy BUSD?
  • How to buy BUSD on Neko Invest app
    For more information:
    How to download and use Neko Invest app
    • Step 1 :  Create/Login to your Neko Invest app account
    • Step 2 :  Go to Market page, click on the Search icon and search BUSD in the search bar.
    • Step 3 :  Click on BUSD logo and choose Invest.
    • Step 4 :  Entering the amount of BUSD that you want to buy. Then click on the Get Quotes button.
    • Step 5 :  Swipe the Swipe to swap button and now you own BUSD. You can check your BUSD balance in your wallet by going to Wallet page.
Contract Addresses
Binance USD (Avalanche Contract Chain) : 0x19860CCB0A68fd4213aB9D8266F7bBf05A8dDe98
BUSD Token (Binance Smart Chain) : 0xe9e7cea3dedca5984780bafc599bd69add087d56
Binance USD (Binance Chain) : BUSD-BD1
Binance USD (Ethereum) : 0x4fabb145d64652a948d72533023f6e7a623c7c53
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