Live BUSD Price
Live Binance USD Price Chart
Live BUSD Price Change and Market Cap
Currently, the BUSD price is 0.982441$. According to the Binance USD price chart, the 24-hour change is -0.04%. The total market capitalization of Binance USD is $67025549 with 68223497 BUSD in circulation. In the previous 24 hours, the Binance USD price hit highs of 2.207$ and lows of 2.207$.
Binance USD Price Prediction
Binance USD is a stablecoin launched by the Binance Exchange. As the value of BUSD is backed by the US Dollar, the price will not go through any changes. The peg is in the ratio of 1:1 which means that BUSD price will always be equal to $1 in any given time regardless of the market conditions. So, in the short-term and even in the long-run the Binance USD price will remain more or less the same.
Binance USD Exchange
On ChangeHero, you can exchange Binance USD against a wide range of cryptocurrencies. For your Binance USD exchange, we offer two types of rates — Best Rate & Fixed Rate. In the Best Rate Binance USD exchange, you will be given the best available rate in the market. Please note that the final amount of crypto you receive may differ slightly from the estimate. In the Fixed Rate Binance USD exchange, we freeze a good rate for 15 minutes, it’s optimal to avoid price fluctuations during the Binance USD exchange. In any case, we process your Binance USD exchange in a few minutes and deliver crypto safely to your wallet.
How to exchange Binance USD
What is Binance USD?
The cryptocurrency industry has come so far that there are many different categories of cryptocurrencies now. Binance USD is one which belongs to the new range called stablecoins. Stablecoins are cryptocurrencies that are backed by a fiat currency or physical assets to maintain their value and avoid volatility. Binance USD was launched by the popular cryptocurrency exchange Binance in 2019. Binance USD was created in collaboration with Paxos, the firm behind Paxos Standard.
Binance USD is a stablecoin and BUSD is its trading ticker. It can be held or traded similarly to other cryptocurrencies. BUSD is pegged to the US Dollar at a ratio of 1:1 which means that the value of 1 BUSD will always be equal to $1 regardless of the market conditions. PAX acts as the custodian for the US Dollars that back the BUSD. Moreover, BUSD is approved by the New York State Department of Financial Services (NYDFS) which adds more credibility to it.
Frequently Asked Questions
What are the fees for Binance USD exchange?
We charge a low fee of 0.5% for your Binance USD exchange.
How long does it take to exchange Binance USD?
Usually, it takes less than 15 minutes for a transaction to be processed. The time may vary depending on the blockchain.
Do I need to go through a KYC procedure for exchanging BUSD?
No, you are not required to go through a KYC procedure for Binance USD exchange. In some cases, we may ask you to go through a verification procedure if our threat detection system raises an alarm.
Can I buy Binance USD with Paypal?
No, we don’t accept Paypal. On ChangeHero you can buy BUSD only with other cryptocurrencies.
Where can I find all the latest Binance USD news?
Follow ChangeHero Blog, we publish Binance USD news and updates regularly.
Do I need to create an account to exchange Binance USD?
ChangeHero is a completely account-free cryptocurrency exchange. You will not be asked to register for your Binance USD exchange.
How many blockchain confirmations are needed for BUSD?
We will consider Binance USD on the Ethereum network to be received after 40 blockchain confirmations and on the BNB network after 3 confirmations.
