Last update: Jun 6, 2022

How to Buy BUSD (BUSD)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy BUSD. Depending on where you’re based, you’ll have various crypto exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Busd

How to Buy BUSD – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have BUSD of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger crypto trading platforms.

4. Buy BUSD

Now that you have what you need to buy BUSD, head over to the market or buy section of the cryptocurrency exchange and buy some BUSD.

If the crypto exchange doesn’t have any BUSD on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has BUSD first), and trade your Ethereum for BUSD.

Where to Buy BUSD (BUSD)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell BUSD

  1. Sign into the cryptocurrency exchange where you bought BUSD.
  2. Move your BUSD to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell BUSD.

 

Crypto trading

How to Buy BUSD (BUSD) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy BUSD in Australia, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy BUSD if it’s available. If the exchange doesn’t have BUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BUSD), and trade your ETH for BUSD.

Alternatively, if you want to learn more about the exchanges we prefer, read our comparison of the cheapest crypto exchanges in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy BUSD (BUSD) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy BUSD in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy BUSD if it’s available. If the exchange doesn’t have BUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BUSD), and trade your ETH for BUSD.

Alternatively, if you want to learn more about the exchanges we like, check our comparison of the best crypto exchanges in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy BUSD (BUSD) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy BUSD in the UK, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy BUSD if it’s available. If the exchange doesn’t have BUSD. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has BUSD), and trade your ETH for BUSD.

Alternatively, if you want to learn more about the exchanges we like, check our list of the best bitcoin trading platforms in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying BUSD? BUSD Rundown

Binance USD (BUSD), a stable coin that is 1:1 USD-backed, was issued by Binance in partnership with Paxos. Approved by the New York State Department of Financial Services and regulated by NYDFS. The BUSD Monthly Audit Report can also be viewed on the official website. BUSD was launched on 5 September 2019 and aims to combine the stability of the US dollar with blockchain technology. It is a digital fiat money, which was issued as ERC-20. It supports BEP-2.

Stablecoin's price stability is a key factor in transactions, payments, settlement and Decentralised Finance (DeFi).

These are some examples of BUSD usage cases:

  • You can transfer your digital dollars (BUSD), anywhere you like in just minutes. It's free and easy.
  • Trade USD on various exchanges and DEX.
  • To earn interest, deposit BUSD
  • As payment for goods or services, you can pay in BUSD
  • As collateral or loan asset, you can use BUSD.
  • As collateral for Futures, you can use BUSD.
  • You can store BUSD in a wallet or on an exchange.

In 2021, the BUSD ecosystem grew exponentially. From a market capitalization around US$1B in 2021 to more than US$14.6B by 2021's end, the stablecoin has grown exponentially. It is now the third-largest stablecoin in terms of market capitalization, after USDC and Tether. This is due to increased user adoption, wallets, platforms, and services, DEXes, CEXes, and other services supporting BUSD.

Metamask and Trust Wallet are top wallets that allow you to hold USD now. BUSD is now supported by many platforms and services including Travala, a travel booking website, and Banxa payments gateways. Wyre payment APIs, Wyre, and multi-currency payment service providers like ivendPay, Paylot, and Moonpay all support it. PancakeSwap is currently the most popular DEX in BSC's ecosystem. However, many other top DEXes support BUSD too, including Uniswap and 1inch, Curve Finance and Ellipsis, MDEXs, SushiSwaps, 0x, Curve Finance and Ellipsis. Users of centralized exchanges can also use BUSD in places other than Binance and Binance.US. Top exchanges include WazirX and MEXC, FTX and Gate.io.

It is also available on central platforms such as Binance, Blockfi, and Celsius for users who are interested in yield farming or lending BUSD. Users can also earn yield on their BUSD using top DeFi protocols such as Venus, Aave and yearn.finance.

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author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.