Real-time BUSD price analysis
The current price of Binance USD in real time is US$0.9974and its trading volume is equal to US$12,182,751 in the last 24 hours. The BUSD price has fell on
0.17%
on the last day and decreased by
0.36%
in the last 7 days. It is important to note that Binance’s current market capitalization in USD is US$84,287,815Speaking of circulating supply, BUSD has 84 511 448 coins. Binance USD’s current market rating is #387.
Binance US dollars price today
25.79%
below
always on top and that’s it
364.67%
higher
always at a low level.
All data and prices are updated in real time. The most active and popular exchanges for buying or selling BUSD are Binance, Kucoin & Kraken. Find more cryptocurrency exchange options on our Cryptocurrency exchange tracker. The most secure hardware wallets to store your cryptocurrency: Ledger And Trezor.
What is Binance USD (BUSD)?
Binance USD (BUSD) is a stablecoin that pegged to the US dollar at the rate of 1:1. This means that 1 BUSD is approximately equal to 1 US dollar and that the price of BUSD remains essentially stable.
BUSD was launched Binance and Paxos on September 5, 2019. Binance is one of the most popular cryptocurrency exchanges, and Paxos is a regulated blockchain infrastructure platform. The Binance USD token was originally developed based on ERK-20 token standard. However, there is also a wrapped version of BUSD based on BEP-2 a standard that runs on the BNB chain.
The New York State Department of Financial Services (NYDFS) is auditing the Binance USD crypto project. Audits are conducted monthly and reports are publicly available on their website.
The Binance USD stablecoin is a worthy competitor to the two largest stablecoins on the market. Tether And USDC. The market capitalization of the Binance USD crypto project has grown significantly in 2021 from $1 billion to $14.6 billion.
The reason why Binance USD has managed to become so popular is that it is compatible with a huge number of wallets, exchanges and other platforms. Platforms that support Binance USD coins include:
- Decentralized Exchanges: Uniswap, Curve Finance, SushiSwapetc.
- Centralized exchanges: Gate.io, FTXetc.
- Crypto wallets: Trezor, MetaMasketc.
- Other platforms: Travala, Moonpay, Wire, etc.
To see the full list of platforms that support Binance USD, visit their official website.
Binance USD (BUSD) target
Essentially, the main purpose of the Binance USD coin (or any other stablecoin for that matter) is to ensure the stability of fiat currencies (in this case the US dollar) in the crypto market. The price stability of Binance USD makes it an excellent tool for reducing the overall volatility of the cryptocurrency market. But keep in mind that even the price of BUSD fluctuates a little. However, the fluctuation range remains quite close to $1. See for yourself by looking at the BUSD price chart above.
In addition to stabilizing cryptocurrency market fluctuations, BUSD can also be used as a credit asset, collateral or payment method for various products or services. BUSD transactions are completed in minutes while keeping transaction fees low. Additionally, you can earn interest by depositing Binance USD tokens.
Finally, note that BUSD can be used to lending or growing crops on Blockfi, Celsius, Binance and other platforms.
What is the Binance USD trading volume in the last 24 hours?
BUSD has trading volume US$12,182,751 in the last 24 hours.
What is the highest Binance USD price ever?
BUSD has the highest price US$1.34which was achieved at December 28, 2023 (1 month 4 weeks ago).
What is the lowest price on Binance USD ever?
BUSD has the lowest price US$0.2146which was achieved at December 11, 2022 (1 year 2 months ago).
Which exchanges are best for buying and selling BUSD?
Currently the most active and dominant exchanges for buying and selling Binance USD are Binance, Kraken & Kucoin. The most popular Binance US dollars trading pairs USDT/BUSD
(on
DODO (BSK)
),
BUSD/USDT
(on
DODO (BSK)
),
BUSD/vBUSD
(on
Venus
). Go to Catalog of crypto trades to access customized and exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.
What are the safest hardware wallets for storing BUSD?
According to the process of in-depth analysis and testing, Ledger And Trezor are one of the most secure and popular hardware wallet options for storage Binance US dollars. For exclusive discounts and promotions on the best crypto wallets, visit Catalog of crypto trades.
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A cryptocurrency exchange is an online platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and others.
Safety varies by exchange. Look for platforms with strong security measures, like two-factor authentication and cold storage for funds.
Consider factors like security, fees, available coins, user interface, and customer support.
Centralized exchanges are managed by a company, while decentralized exchanges operate without a central authority.
Many exchanges require Know Your Customer (KYC) verification for security and regulatory compliance.
Trading fees vary but typically include maker fees (for adding liquidity) and taker fees (for removing liquidity).
Yes, most exchanges offer cryptocurrency-to-cryptocurrency trading pairs.
Withdrawal times depend on the exchange and the cryptocurrency. Some are instant, while others may take hours or even days.
A wallet address is like a bank account number for cryptocurrencies. It’s required to send your crypto to the right place.
Yes, depending on your country’s tax laws, trading cryptocurrencies may have tax consequences. Consult a tax professional for guidance.
Yes, many cryptocurrency exchanges operate 24/7, allowing you to trade at any time.
A market order buys or sells at the current market price, while a limit order sets a specific price at which you want to buy or sell.
Yes, each exchange sets its own minimum and maximum trading limits, which can vary widely.
It’s not recommended. For security, it’s better to use a cryptocurrency wallet, especially for significant holdings.
Exchanges typically have account recovery processes, including password reset options and support for forgotten usernames.
Some exchanges offer insurance, but coverage can be limited. It’s essential to check an exchange’s insurance policy.
Use strong passwords, enable two-factor authentication, and be cautious of phishing scams and suspicious emails.
Yes, but it’s recommended to learn the basics of trading and understand the risks involved before you start.
Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar. They provide stability and are commonly used for trading and transferring funds on exchanges.
Yes, regulations vary by country. Many countries have implemented or are considering regulations to govern cryptocurrency exchanges for consumer protection and financial stability.
