What is Binance USD (BUSD)?
Binance USD (BUSD) is a USD-backed stable coin issued by Binance together with Paxos. Launched on 5 Sep 2019, BUSD’s goal is to combine the stability of the dollar with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2.
What can you do with BUSD on Coinhako?
1. Trade BUSD directly with Singapore Dollars (SGD) 🇸🇬
With BUSD/SGD trading pairs available on Coinhako, our Singapore users will be able to buy & sell BUSD in Singapore Dollars (SGD) when they fund their accounts with SGD.
2. Trade BUSD directly with US Dollars (USD) 🇺🇸
The BUSD/USD trading pair BUSD prices against the United States Dollar (USD), and our Singapore users will be able to buy & sell BUSD when they fund their accounts with USD.
3. BUSD swaps (Crypto-to-crypto trading)
Coinhako users will also be able to trade BUSD with other cryptocurrencies that are supported in their countries, with our Swap function.
4. Get the latest BUSD price news on Coinhako 🚨
As with every other supported token on Coinhako, we endeavour to update our users on key news about each project through our various channels.
The Coinhako platform also features a News Feed section where you will be able to receive all the latest updates on both tokens.
5. Buy BUSD instantly with debit and credit card
Beat the deposit queue and buy both tokens instantly when you pay by card.
6. Buy BUSD instantly with GrabPay
Connect your GrabPay wallet and fund your BUSD trades instantly.
Disclaimer: All writers’ opinions are their own and do not constitute financial advice. As a company, we do our best to provide information that is accurate and valuable. The contents of this blog post are intended for educational purposes only. Individuals are advised to perform due diligence before purchasing any cryptocurrencies as these assets are subject to high volatility, and understand the risks associated with trading cryptocurrencies.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.