Hi, everyone! I'm Mike, and today we're going to talk about a topic that many cryptocurrency enthusiasts are concerned about:Where to buy BUSDAnd what are theSupport BUSD Trading PlatformBUSD is a stablecoin launched by Coinsafe in cooperation with Paxos, and its value is pegged 1:1 to the US dollar, making it highly stable and widely used. In this article, I'm going to compile a list of exchanges that are suitable for buying BUSD, analyze the advantages of each platform, and share some tips on rebates to help you save money! Let's take a look!
What is BUSD and why choose BUSD?
BUSD, full name Binance USD, is a stablecoin issued by Paxos with the approval of the US regulator.BUSD is characterized by its price stability, 1 BUSD is always equal to 1 USD, so you don't need to worry about the risk of exchange rate fluctuations, which makes it an ideal hedging tool in the cryptocurrency market.
BUSD is commonly used in stable currency trading pairs on exchanges, such as BTC/BUSD or ETH/BUSD, to allow users to quickly buy and sell cryptocurrencies. It also supports DeFi (Decentralized Finance) applications, such as revenue farms, collateralized lending, and more. Trading with BUSD usually comes with lower fees, especially on rebate-enabled platforms!
What are the best trading platforms to buy BUSD?
Below are some of the most recommended trading platforms to buy BUSD, compared based on trading rates, commission policies and user experience:
1. Binance
Coin is the issuer of BUSD, so naturally it is the first choice to buy BUSD. At Coinsafe, you can buy BUSD using a variety of payment methods, including credit cards, bank transfers or P2P transactions, and Coinsafe offers transaction fees as low as 0.1%, with additional discounts if you pay with BNB. Join the rebate program and you can get up to 20% rebate.
2. Ouyi (OKX)
Euronext is another well-known platform that supports BUSD trading with perfect user experience and multiple trading pairs. Users can buy BUSD through the fiat channel and also participate in rebate activities to make trading costs lower. It is worth mentioning that Ouyi provides an intuitive trading interface, which is suitable for beginners to get started.
3. KuCoin
Coins supports trading in a variety of stable currencies, including BUSD, which can be exchanged for BUSD via USDT or other stable currencies, or purchased at a low cost using the P2P feature. CoinBuilder's "Holding Rebate" program also allows users to earn additional revenue while holding BUSD.
How to choose the right BUSD trading platform for you?
When choosing a trading platform, it is recommended to consider the following points:
1. Handling Fee
Compare commission rates across exchanges, especially for large trades where the difference in rates can affect the overall cost. For example, Coin's rates are the lowest, making it a good deal for high-frequency traders.
2. Rebate mechanism
Choosing an exchange with a rebate program can effectively reduce the cost of handling fees. For example, Coin offers up to 20%, and similar offers are available on Ouyi and Coin, so don't forget to sign up with a rebate code or referral link!
3. Methods of payment
Different platforms offer different payment methods, such as credit card payments, bank transfers or P2P transactions. If you need to buy BUSD in Taiwan Dollars, it is recommended to choose an exchange that supports local payments.
How to save more with rebate programs?
With the Rebate Program, you can reduce your trading fees, which is a very practical way to save money. Here are the simple steps to follow:
1. Registered commission account
First check if the exchange supports rebates, then use the referral link to sign up for an account. For example, when you join the rebate program of Coin, the handling fee can be reduced to 20% or less.
2. Setting the rebate rate
Some platforms allow users to set the percentage of rebate, and even share the rebate benefits with friends, creating a win-win situation.
3. Long-term cumulative trading volume
Rebate programs are usually based on trading volume, and frequent trading of BUSD or participation in other cryptocurrencies can further increase the amount of rebates.
Frequently Asked Questions Q&A
1. Is BUSD safe?
Yes, BUSD is issued by Paxos and regulated by the New York Department of Financial Services (NYDFS), which conducts monthly audits to ensure that assets are well-stocked.
2. What if the exchange does not directly support buying BUSD in Taiwan dollars?
USDT can be purchased and then converted to BUSD on the exchange, and P2P trading is also a convenient way to do this.
3. Do I need to verify my identity to purchase BUSD?
Most exchanges require KYC (verification of identity), especially when trading in fiat currencies. In some P2P markets, certain small transactions are exempt from KYC.
I hope this article can help you easily find a suitable platform to buy BUSD and enjoy the convenience of stable currency! If you have any questions, please feel free to leave a comment or talk to me!
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