What’s the 2nd Largest Stabelecoin: BUSD Token

Meet one of the fast-growing altcoins for storing U.S. dollar value. Also, get instructions on how to trade Binance USD (BUSD) on Tokpie.

Most people who deal with crypto prefer to use USDT for storing and transferring U.S. dollars value. Why? Because Tether is the oldest and most popular stable coin. However, its competitors like USDC, DAI, and others don’t sleep trying to get revenue in such a profitable market. Today, you will find out the main features of the second-largest stablecoin – the BUSD token. Moreover, some of you will be surprised to learn that Binance is not an issuer of Binance USD (BUSD). Also, you will get a guide on how to trade BUSD tokens on the Tokpie exchange.

What’s the BUSD Utility value?

The utility value of Binance USD includes three advantages. 

The first one is the ability to purchase BUSD with fiat U.S. dollars and redeem at no charge. But of course, a person who wants to make such a conversion pays bank wire transfer fees. Fortunately, Binance and Paxos (the primary converters) don’t charge any commission. 

The second advantage is the ability to transfer USD fast from all over the world. Moreover, thanks to the BUSD running on BEP20, such transfers are low-cost. For example, you can send 1M in seconds and pay just a $0.1 gas fee on the Binance Smart Chain. 

Finally, thanks to the support from Binance Exchange, BUSD holders can earn interest with lending. Furthermore, the annual percentage rate (APR) from BUSD lending usually will be higher than APR from USDT, USDC, or DAI.

Who’s the issuer of BUSD?

The Paxos Trust Company is the issuer and custodian of BUSD (Binance USD). Are you surprised? So, this company assures that each BUSD corresponds to 1 U.S. dollar in the bank account. Therefore, users can always purchase and redeem their assets anytime with 1:1 pegged U.S. dollars. Moreover, the New York State Department of Financial Services (NYDFS) approved this 1:1 USD-backed stablecoin, issued by Paxos in partnership with Binance. 

What’s the BUSD token?

BUSD is a stable coin from the largest and most trusted companies in the crypto space – the Paxos and Binance. Besides, the New York State Department of Financial Services regulates it and ensures consumer protection. This coin is 100% backed by U.S. dollars held in FDIC-insured U.S. banks. So, the top auditing firm will attest to the matching supply of BUSD tokens and underlying U.S. dollars every month. Also, the token is running on many chains. But on Tokpie, users can use the two most popular to deposit and withdraw BUSD on Ethereum blockchain (ERC20) and Binance Smart Chain (BEP20). By the way, look at the images below to see that Binance USD is the second largest coin on the Ethereum chain by volume. Simultaneously, it’s a TOP4 coin on BSC by volume due to BSCscan

Binance USD (BUSD) on BSCscan
$BUSD on BSCscan
Binance USD (BUSD) on Etherscan
$BUSD on Etherscan

How to buy BUSD token?

To purchase BUSD tokens for USDT and USDC do three simple steps:

  1. Fund your account with USDT or USDC. If you don’t have crypto, you can purchase USDT with a bank card for local fiat currency in few minutes.
  2. Open the BUSD/USDT or BUSD/USDC order book and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
  3. Withdraw BUSD tokens to your personal BEP20 or ERC20 wallet or hold them on the account.

How to buy BUSD with Bank Card or Apple Pay?

buy $BUSD with bank card
Obtain $BUSD with Visa, MasterCard, or Apple Pay

Use your bank card or Apple Pay to obtain Binance USD coins directly in minutes. Open the bank card processing page, enter the amount of BUSD and your wallet address. Then click the Continue button. That’s it, very simple.

How to sell BUSD tokens?

To sell BUSD tokens for USDT or USDC do three simple steps:

  1. Deposit BUSD tokens into your account.
  2. Open the BUSD/USDT or BUSD/USDC order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
  3. Withdraw USDT or USDC to your personal wallet (ERC20 or BEP20) or hold them on the account.

How to deposit BUSD tokens?

To deposit BUSD tokens into your Tokpie account, follow this guide. Also, make sure that you are going to deposit BEP20 or ERC20 tokens that relate to these BSC or Ethereum smart contract addresses. If you deposit the wrong tokens or the wrong blockchain type, Tokpie could not identify your transfer.

Note: Tokpie doesn’t charge any fees for depositing.

How to withdraw BUSD token?

To withdraw BUSD tokens from your Tokpie account, use this instruction. Besides, you must have a BEP20 or ERC20 compatible wallet address to be able to withdraw tokens. Also, check the withdrawal commission.

Disclaimer

In addition, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance.

Useful links to trade BUSD

Buy Bitcoin with Credit Card. Plus other Popular Crypto

Discover how to buy Bitcoin and other popular crypto with bank card just in few minutes.

Great news! Tokpie partnered with Simplex, the most reliable payment processor that has the EU license. So now, you can buy Bitcoin or any other popular crypto with a credit card on the Tokpie exchange. 

Buy Bitcoin (BTC), Ethereum (ETH), DAI Stablecoin (DAI), Litecoin (LTC), and other fifteen coins in your local fiat currency with either a VISA or MasterCard (credit or debit card).

Also, We are happy to announce extended coverage of Simplex’s services within the U.S. to enable more users to purchase crypto assets easily and risk-free.

As of today, in addition to all of the other regions it serves, Simplex supports the purchase of cryptocurrency from users in Nevada (NV), Washington (WA), New Mexico (NM), Vermont (VT), Alaska (AK), and Louisiana (LA). The supported cryptocurrencies in these territories will be Bitcoin (BTC), Bitcoin Cash (BCH), Etherium (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT).

 Find below a step-by-step guide to buying crypto with a bank card on Tokpie.

Select cryptocurrency

 1. Select a cryptocurrency that you want to buy here

Buy crypto at lower rates
Buy bitcoin with credit card

Enter amount 

2. For example, enter the amount of BTC to purchase or the amount of EUR you are willing to spend. A result, the system automatically calculates the best rate for you.

Note: The amount shall be between $50 and $20,000 US dollars equivalent.

Enter wallet address

3. Enter your wallet address. If you don’t have a one, then create it here.

Confirm purchase

4. After selecting crypto and entering amounts, press the ‘continue’ button to confirm the purchase.

Note that the residents of some countries cannot buy crypto with bank cards.

Fill in the billing information

 5. Then, enter billing information and verify it through mobile phone and email.

Methods of payment

You can pay with a bank card. It can Visa or MasterCard, debit or credit card. Also, you can buy cryptocurrency with Apple Pay.

Upload document

6. Upload any one of your identity documents and fill the details.

Check the status

7. Congratulations! You have completed the payment. Track the status here

Popular crypto

This is the list of all popular crypto that you can buy with a credit or debit card (Visa or MasterCard). 

ATOMCELLTCUSDT
BCHDAINANOXAUT
BNBDASHPAXXLM
BTCEOSSGAXRP
BUSDETHTRX

Restricted countries

The service is not available to the citizens of these countries:

  • Afghanistan AF
  • Albania AL
  • Bahamas BS
  • Barbados BB
  • Botswana BW
  • Cambodia K
  • Cube CU
  • Democratic People’s Republic of Korea KP
  • Ghana GH
  • Iceland IS
  • Iran IR
  • Iraq IQ
  • Mongolia MN
  • Mauritius MU
  • Myanmar (Burma) MM
  • Jamaica JM
  • Kyrgyzstan KG
  • Nicaragua NI
  • Pakistan PK
  • Panama PA
  • Sudan SD
  • Syria S
  • Uganda UG
  • Yemen YE
  • Zimbabwe ZW
  • US States: 
  • Alabama (AL)
  • Florida (FL)
  • Georgia (GA)
  • Hawaii (HI)
  • New York (NY)
  • Oregon (OR)

For any question or cooperation, you can contact Tokpie at https://t.me/tokpie

How to Get Token Listed on McAfeeDEX for Free

Who knows how to make the most powerful decentralized exchange? John McAfee does know it 100%.

The latest John McAfee’s blockchain venture, McAfeeDEX is a mega-hyped decentralized exchange. Moreover, it is offering a free listing for Eethereum-based tokens. These facts could make this exchange a Forkdelta killer in the near future.

Besides, McAfeeDEX has already passed the CoinMarketCap phase #1 exchange listing process. It means that all ERC20 altcoins listed on McAfeeDEX will automatically gain traction on CMC sooner or later.

Hence, the Tokpie team has decided to list the TOKPIE (TKP) token on McAfeeDEX without hesitation. The following pairs are available:

Read below to know how to list your token too.

mcafeedex crypto exchange
TOKPIE (TKP) token on McAfeeDEX

How to list cryptocurrency on McAfeeDEX

Anyone can list any ethereum based token on McAfee’s for free in few steps:

  1. Activate your Metamask
  2. Open McAfee DEX
  3. Click on ‘Add Token’
  4. Enter your token smart contract’s address, ticker (symbol), and decimals in the next window
  5. Click on Confirm
  6. Also, enter the promo code ‘machere to get listed your token for free on Tokpie exchange (optional). ?
how to list your token on McAfeeDEEX
Click on ‘Add Token’ in the upper menu bar.
Enter your token smart contract’s address, ticker (symbol), and decimals

Additional trading pairs on McAfeeDEX

It is possible to trade ERC20 tokens against Ethereum (ETH) and other additional stable coins. Currently, the following quote currencies (stable coins) are available:

DAI

DAI is a decentralized stable coin based on the Ethereum ERC20 standard. Every DAI is pegged to $1 USD.

WBTC

WBTC is an ERC20 token wrapped by Bitcoin. This is the first Eethereum based backed 1:1 with Bitcoin.

BUSD

BUSD is an invention of the Binance exchange and Paxos Trust Company. One BUSD represents one US dollar-backed stable coin.

TUSD

TUSD is a symbol for TrueUSD token, a price-stable cryptocurrency pledged by US Dollars. The TrustToken, a platform issued TUSD, is aiming to tokenize real-world currencies (USD, Yen) and valuable assets (real estate, art, and IP).

Additional markets (quote currencies) are available

What is TKP

TKP is a token of Tokpie exchange. It’s a first-ever cryptocurrency exchange that provides Bounty Stakes Trading service. Tokpie users can trade, earn and invest as never before. Moreover, holders of TKP can benefit through 500% trade fees discount, regular airdrops, and many other perks and bonuses.

What is McAfeeDEX

McAfeeDEX is a decentralized exchange. It’s based on Ethereum blockchain and backed by John McAfee.  To make trade deals you can be a resident of any country. Traders don’t need to provide any documents and emails. The exchange works in a completely decentralized way. The Takers pay 0.25% transaction fees. At the same time, Makers don’t pay anything.

Please note that at the moment of writing this article, McAfee’s exchange is on beta testing. Therefore, some functions e.g. price chat displaying or balance updating may work weirdly. In addition, Coingecko currently doesn’t support McAfee exchange.

USEFUL LINKS

Also, Stay always in touch with Tokpie to Earn, Trade and Invest as never before.