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Explore use cases for Binance stablecoin BUSD

发布时间:2022/05/17 丨 文章来源:币安交易网 丨 浏览次数:

For crypto asset investors, the security and peg reliability of stablecoins are the most important. BUSD is favored by many investors because of its full compliance. Not only that, but best of all, you can also enjoy zero fees on four BUSD stablecoin trading pairs on Binance. Explore the full Binance ecosystem now and start using BUSD, one of the safest stablecoins on the market.
What is BUSD?
BUSD is a stablecoin issued by Paxos on the Ethereum blockchain, pegged to the US dollar at a 1:1 ratio and licensed by the New York State Department of Financial Services (NYDFS). In addition, Binance also launched Binance-Peg, a BUSD packaged token anchored to BNB, (Binance-Peg is a product of Binance, not issued by Paxos, nor regulated by the New York State Department of Financial Services.)
BUSD is designed to maintain a stable market value, provide holders with low-volatility on-chain assets, and save a lot of time and energy for crypto asset investment. However, this is not the only reason why more users are choosing BUSD.
What are the benefits of BUSD trading?
All BUSD trading pairs enjoy zero market maker fees
Over 300 BUSD spot and leveraged trading pairs enjoy zero market maker fees.
Four BUSD Stablecoin Trading Pairs Introduce Zero Trading Fee Offer
If you already hold stablecoins and want to convert to BUSD, there will be no fees for trading on Binance. Binance Spot and Margin trading platforms have enabled zero trading fee discounts for the following trading pairs: USDT/BUSD, USDC/BUSD, TUSD/BUSD, and USDP/BUSD.
For more details on the promotion, please visit the BUSD Zero Market Maker Fee and Zero Transaction Fee Promotion page.
BUSD Trading Pair Brings Deep Liquidity to Newly Listed Tokens
BUSD is the liquidity gateway to the Binance ecosystem and is especially helpful for newly listed tokens to gain liquidity. As soon as a new token is listed on Binance, BUSD holders can invest and trade immediately to seize new opportunities.
What are the benefits of holding BUSD?
Another strength of BUSD is that it is connected to many DApps, services, and ecosystems with rich use cases, including:
1. Exclusive wealth management products, the annual yield can reach 10%
Since you already hold stablecoins, why not consider investing in the Binance platform to enjoy "after sleep" income? Binance Wealth Management provides wealth management products with different risk levels, such as Flexible Savings with an annual yield of up to 10%, and the operation is simple. Come and try it.
2. Participate in new coin mining on Binance Launchpad
The Binance Launchpad platform regularly launches the latest innovative projects through the stake and earn mechanism. BUSD holders can easily participate in the latest market trends with one click.
3. Buy NFT on Binance NFT Market
BUSD is one of the most direct routes into the NFT world. Thousands of NFTs can be purchased simply by depositing BUSD in your Binance account. In the Binance NFT market, BUSD holders can purchase digital collectibles directly with BUSD.
4. Trade on leveraged trading platform and Binance Futures platform
Experienced traders can also participate in leveraged trading platforms and Binance Futures through BUSD. Whether it is to open a position or to leverage, BUSD is your right-hand man.
5. Participate in Binance Liquidity Mining
The highly liquid nature of BUSD also means that it can be used to provide liquidity for other activities in the ecosystem. BUSD is the most commonly used token in the ecological liquidity trading pair on the BNB chain. If you want to provide liquidity through Binance or any DEX, you must choose BUSD.
BUSD leads CeFi and DeFi
Trading, deposit to earn, and payments are core use cases for many stablecoins. BUSD not only leads the market in transaction and payment, but also gradually emerges in the field of decentralized finance. As of now, 1.5 million BUSD holders can enjoy the rich use cases listed in the figure below:
How to buy and withdraw BUSD?
There are many ways to get started with BUSD on Binance, no matter what your needs are, there is sure to be a way that works for you on Binance.
BUSD is anchored to USD at a ratio of 1:1, and users can exchange BUSD for USD of the corresponding value at any time. Credit and debit cards are one of the easiest ways to get started with crypto assets. Sign up for a Binance account, go to the page to buy crypto assets with a savings card/credit card, and follow the prompts to start your crypto asset journey. You can also make purchases by remittance using a local bank account through the SWIFT network. Each transaction to buy BUSD will be charged $0 (ie waived) handling fee, and each cash withdrawal transaction will be charged $15.
How to buy BUSD with SWIFT
How to withdraw BUSD to USD via SWIFT
Is there a withdrawal limit?
Currently, the daily withdrawal caps are $50,000 and $200,000 based on KYC level. The higher the KYC level, the larger the withdrawal amount. If you need to withdraw excess cash due to special needs, you need to submit an application and explain the reasons.If you want to sign up Binance you can get the Binance Bonus Code 2022.Binance Referral Code:TC96Y5YJ.
For more details, please refer to the Guidelines for Deposits and Withdrawals in USD via SWIFT. Users can deposit and withdraw BUSD through their Paxos account. For more details, please refer to Paxos Deposit and Withdrawal FAQs.
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