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. Based on the price stability, Stablecoin plays an important role in transactions, payments and settlement, and Decentralised Finance (DeFi). Buy US Dollars (BUSD) through Binance. BUSD is a 1:1 USD-backed stablecoin approved by the New York State Department of Financial Services (NYDFS), issued in partnership with Paxos.
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BUSD Use Case
Binance USD 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.
Cumulative 30-day trading volume and average 24-hour holdings are automatically calculated daily at 00:00 (UTC). User VIP level and fee rates are updated daily at 02:00 (UTC) to correspond with the fee schedule in the table below.
30d Trade Volume (BTC)
Maker / Taker
Maker / TakerBNB25% off
Maker / TakerBNB x Referral25% off x Kickback 20%
< 50 BTC
≥ 0 BNB
0.1000% / 0.1000%
0.0750% / 0.0750%
≥ 50 BTC
≥ 50 BNB
0.0900% / 0.1000%
0.0675% / 0.0750%
≥ 500 BTC
≥ 200 BNB
0.0800% / 0.1000%
0.0600% / 0.0750%
≥ 1500 BTC
≥ 500 BNB
0.0700% / 0.1000%
0.0525% / 0.0750%
≥ 4500 BTC
≥ 1000 BNB
0.0700% / 0.0900%
0.0525% / 0.0675%
≥ 10000 BTC
≥ 2000 BNB
0.0600% / 0.0800%
0.0450% / 0.0600%
≥ 20000 BTC
≥ 3500 BNB
0.0500% / 0.0700%
0.0375% / 0.0525%
≥ 40000 BTC
≥ 6000 BNB
0.0400% / 0.0600%
0.0300% / 0.0450%
≥ 80000 BTC
≥ 9000 BNB
0.0300% / 0.0500%
0.0225% / 0.0375%
≥ 150000 BTC
≥ 11000 BNB
0.0200% / 0.0400%
0.0150% / 0.0300%
What is BUSD
Highly regulated 1:1 USD-backed crypto stablecoin
These are digitised US Dollars and are always purchased and redeemed at 1 BUSD for 1 US dollar.
Purchase and redeem with Zero Fees
Binance and Paxos don’t charge a fee for the purchase or redemption of Binance USD (BUSD) However bank charges/wire fees may apply.
Transfer globally, fast and low-cost.
Supported on both ERC-20 and BEP-2; transfer your dollars anywhere in minutes, with low cost and on the blockchain.
How to purchase and redeem BUSD?Click on “How to buy BUSD”
1. Purchase with your local currency: Wire transfer with US dollar (using Paxos services), or top up your Binance fiat wallet with different currencies to exchange for BUSD. (e.g., top-up RUB, then trade RUB/BUSD) 2. Multiple trading pairs such as BTC, BNB, ETH, XRP, LTC, etc. for BUSD 3. One-click stablecoin conversion. Easily convert your other stablecoins 1:1 to BUSD.
Redemption: If you need to sell BUSD to withdraw US dollars, 1. Use Buy and Sell function on Binance. For large redemptions, contact the Binance OTC desk (email is at the bottom of the page). 2).Redeem via Paxos platform. Click here to read Paxos processes and FAQs: https://help.paxos.com/hc/en-us/sections/360008612031-Deposits-and-Withdrawals/.
Paxos Trust Company is the USD custodian and issuer of BUSD. Each BUSD you hold corresponds to 1 US dollar in the bank account to ensure that you can always buy and redeem your asset anytime with 1:1 pegged US dollars.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.