Binance C2C The Most Affordable Way to Buy BUSD

Backed by fiat currency and versatile, BUSD is one of the most popular stablecoins in the cryptocurrency space.

Binance C2C is one of the few channels that supports the purchase of BUSD with zero fees.

Binance C2C adopts a very competitive peer-to-peer cryptocurrency trading model, which can reduce the transaction fee when you buy BUSD. Let’s take a look at the reasons why BUSD is so popular and why you should choose Binance C2C to buy BUSD.

Once upon a time, buying cryptocurrencies was cumbersome and expensive. But over time and the ecosystem has grown, we’ve had all sorts of different buying channels. C2C trading is one of the most primitive methods. Perhaps many people don’t think that, to this day, it is still the most affordable way to buy. Currently, stablecoins backed by fiat currencies such as BUSD are very popular. If you want to save money, you might as well buy on Binance C2C.

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What is BUSD?

BUSD is a regulated stablecoin pegged to the U.S. dollar. The coin was co-founded by Paxos and Binance. Binance teamed up with Paxos, which provides stablecoin services to outside companies, to create BUSD and the BEP-20 version of BUSD. Each unit of BUSD corresponds to a reserve of $1. In other words, BUSD is pegged to the U.S. dollar at a 1:1 ratio. Holders can exchange BUSD tokens for USD and vice versa at any time. At the same time, to ensure openness and transparency, Paxos publishes audit certificates of the BUDS reserve every month.

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Why use BUSD?

BUSD is able to maintain a stable market value and avoid the common volatility in the cryptocurrency market. This feature allows BUSD to have a variety of uses:

Avoid price volatility in the cryptocurrency market

In the cryptocurrency market, investors are in great need of stable assets to survive the volatile period of the market. In traditional financial markets, investors can easily trade fiat currencies or securities. But in the cryptocurrency market, there are relatively few options. The BUSD and BEP-20 versions of BUSD offer cryptocurrency investors and users an opportunity to hedge against volatility, while trading is just as easy and convenient.

Lock in income without exchanging fiat currency

Before the advent of stablecoins, investors often needed to convert cryptocurrencies into fiat currencies to lock in gains. Redemption takes several days and requires a fee. However, the BUSD and BEP-20 versions of BUSD can lock in income without going through off-chain channels, making the operation easier and more convenient.

Carry trade

Both BUSD and the BEP-20 version of BUSD are popular stablecoins on automated market makers (AMMs) , and both are available for liquid trading pairs. Due to the price difference between different automated market makers, the liquidity pool provides a certain arbitrage space. BUSD circulates on major platforms, and arbitrageurs can flexibly use the BUSD they hold to move quickly on different trading platforms. As mentioned above, buying BUSD and cashing out for fiat is also an arbitrage scheme.

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How to buy BUSD? — Binance C2C

On Binance, there are mainly the following ways to buy BUSD. First, you can use a credit or debit card to buy BUSD directly with fiat currency, but this method requires a certain transaction fee. You can also trade BUSD on the spot market with other cryptocurrencies or fiat currencies in your account,

But most trading pairs also need to pay a fee when trading. If you don’t want to pay fees, or want to pay in other ways, then Binance C2C is the way to go.

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How long does it take to transfer BUSD on C2C?

Once you find a seller who offers a suitable payment method, you can start trading on Binance C2C . Typically, transfers are completed within 15 minutes. If you have not received BUSD by then, you can click the call or chat icon on the C2C user interface to contact your seller.

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Advantages of C2C Trading

1. Enter the global cryptocurrency market
On Binance C2C, you can reach global cryptocurrency traders. The platform brings together buyers and sellers from more than 180 countries, and transactions are fast and convenient.
2. No transaction fees are charged
Traditional cryptocurrency trading platforms usually charge a fixed or a certain percentage of transaction fees for each transaction. On the Binance C2C trading platform, users can directly contact the other party to conduct transactions without paying transaction fees. Not all C2C exchanges offer this service, so be sure to carefully review the terms and conditions when choosing a peer-to-peer exchange.
3. Support multiple payment methods
Binance C2C supports more than 300 payment methods, including local bank transfers , e-wallet payments, and in- person cash payments , especially for users who wish to conduct face-to-face transactions or who cannot use credit or debit cards.

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Getting Started with Binance C2C Trading

Transaction fee is one of the key points that users pay attention to when choosing a trading platform or trading service. Because of this, Binance C2C is favored by many users.

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