How to buy and sell BUSD?

Buying cryptocurrencies using BUSD (BUSD Stablecoin) on the Coin Platform is a simple and intuitive process. This guide will explain in detail how to trade cryptocurrencies with BUSD for Taiwan users, including registering an account, adding coins, choosing a trading pair, and completing the purchase steps. Whether you are a newbie or an experienced trader, this article will help you to smoothly trade BUSD and master the cryptocurrency market with ease.

What is BUSD?

BUSD is a stablecoin issued by the CoinSafe platform and its value is pegged to the U.S. Dollar, making its price less volatile. As a stablecoin, BUSD plays an important role in cryptocurrency trading and is especially suitable for asset preservation and trading in volatile markets. For users in Taiwan, BUSD not only makes trading easy, but also provides more stability by avoiding the high volatility risks associated with some cryptocurrencies.

How to Register for a Coin Account

Before you can start buying cryptocurrencies with BUSD, you first need to sign up for a Coin account. The process is relatively simple, just follow the steps below:

1. Go to Coin's website (www.binance.com).
2. Click the "Register" button in the upper right corner of the homepage and choose to register using your email or cell phone number.
3. After registration, you will be asked to authenticate your identity. Completing the verification process will increase the security of your account and unlock higher transaction limits.
4. After completing the verification, you can start using all the features of CoinSafe, including trading BUSD.

During the registration process, please remember to turn on Dual Identity Verification (2FA) to enhance account security.

How to top up BUSD to CoinSafe

Topping up BUSD is a prerequisite for trading cryptocurrencies. You can choose to transfer BUSD directly from other wallets or exchanges to CoinSafe, or convert your Taiwan Dollars to BUSD through a Fiat Fee top-up.Below are the exact steps to top up your BUSD:

1. After logging in, enter the "Wallet" screen and select "Cash Wallet".
2. Click the "Recharge" button in the upper right corner.
3. On the top-up screen, select "BUSD" and choose the top-up method. You can choose to transfer from other platforms or wallets, or choose to top up by bank card or credit card.
4. If you choose to transfer coins, all you need to do is copy the BUSD address and send BUSD from another platform to this address.
5. If you choose to top up in French currency, you can choose a credit card or other payment method to convert your Taiwan Dollars directly to BUSD.

Generally speaking, the top-up process will take some time and may be delayed from a few minutes to a few hours depending on the network conditions. After the top-up process is completed, BUSD will be displayed in your Coin Cash wallet.

How to buy coins with BUSD

Once you have enough BUSD in your account, you can start buying other cryptocurrencies with BUSD. Here is how it works:

1. On the Coin homepage, go to the "Trading" screen.
2. Choose a pair, for example, if you want to buy Bitcoin (BTC) with BUSD, you can choose the "BUSD/BTC" pair.
3. In the trading interface, select "Limit Order" or "Market Order". If you choose "Market Order", the system will automatically fill the order according to the current market price; if you choose "Limit Order", you can set the price at which you want the order to be filled.
4. Enter the amount or quantity you want to buy with BUSD, confirm the information and click "Buy".
5. Wait for the transaction to be successful. If it's a market order, it will usually be completed immediately; if it's a limit order, you'll need to wait until the market price reaches the price of your limit order.

In this way, you can easily exchange BUSD for other cryptocurrencies.

BUSD Trading Notes

There are a few things to keep in mind when trading cryptocurrencies with BUSD:

1. Transaction Fee: Currency Security will charge a certain percentage of the handling fee when conducting transactions. Generally speaking, the handling fee can be paid with BUSD or BNB and enjoys a discount.

2. Market volatility: Although BUSD is a stable currency, the price of the cryptocurrency you are buying is volatile. Please manage your risk before purchasing to ensure that you do not suffer excessive losses due to market fluctuations.

3. Choice of trading pairs: Different cryptocurrency trading pairs have different trading volumes and liquidity. Choosing a pair with higher trading volume will result in faster transaction speeds and lower slippage.

4. Security: The security of cryptocurrency trading platforms is very important. In addition to turning on dual authentication to avoid leaking your private keys, you should also check your account activity regularly to prevent theft of funds.

How to sell BUSD and withdraw cash

If you want to convert BUSD back to Taiwan Dollars or other fiat currencies and withdraw it, you can follow the steps below:

1. Go to "Spot Wallet" in CoinSafe and select BUSD.
2. Click "Sell" and select the cryptocurrency and pair you wish to sell.
3. Select a limit order or market order, set the price or quantity, and complete the transaction.
4. After the transaction is completed, you can withdraw the funds to your bank account or other payment methods.

When withdrawing funds, please note that Coin will charge a handling fee depending on the method of withdrawal and that withdrawals may take some time to process.

How to arbitrage with BUSD

On exchanges such as CoinSafe, you can not only buy and sell cryptocurrencies with BUSD, but you can also take advantage of price differences in the market for arbitrage. For example, when there is a large price difference in a particular pair, you can use BUSD to convert it to a lower-priced currency and sell it when the price goes back up to make a profit. Arbitrage requires a deep understanding of the market and time management.

Trivia

In conclusion, BUSD, as a stable coin on the CoinAn platform, provides a convenient and stable trading tool for cryptocurrency traders. Whether you are a novice or an experienced user, through this guide, you can easily understand how to trade cryptocurrencies with BUSD on CoinSafe. Remember to stay cautious and take good risk control during the trading process to ensure your trading is safer and smoother.