Binance USD (BUSD) is a stablecoin that provides hedging against the volatility of cryptocurrency, backed with U.S. dollars in a 1:1 ratio held in FDIC-insured U.S. banks. Binance USD is issued by Binance in partnership with Paxos, the issuer of BUSD and USD custodian for BUSD. BUSD is both approved and regulated by the New York State Department of Financial Services (NYDFS). An audit report on BUSD is published monthly to add transparency and confidence to the security and stability of BUSD. BUSD runs on both the Ethereum blockchain as an ERC-20 token and the Binance Chain blockchain as a BEP-2 token. BUSD can be issued and redeemed without additional fees and can be used on a variety of centralised, custodial exchanges such as Binance and Binance US with trading discounts.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy Binance USD, than our closest competitors.
Verify online instantly without uploading documents and deposit NZD to start Binance USD trading.
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Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.
Deposit and withdraw NZD via bank transfer.
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
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