Buy Binance USD today
Buy Binance USD today
- Own BUSD & 250+ other cryptoassets
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.
How to buy Binance USD (BUSD) in the UK
Learn how to buy Binance USD (BUSD) on 2+ crypto exchanges in our step-by-step guide.
Binance USD (BUSD) is the 15th largest cryptocurrency by market cap, valued at US$4,932,569,970.
Binance USD is a highly volatile asset capable of major price swings in a single day. Today BUSD is trading for $0.999849 USD, which is higher than yesterday's trading price of $0.9988846767 USD. Over the past year, Binance USD's price has seen a decrease of 0%.
So before you buy Binance USD, make sure you understand these unique risks as well as its legal and tax status here in the UK.
If you're ready to get started, read on for step-by-step instructions on how you can buy Binance USD.
How to buy Binance USD in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy Binance USD is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
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Buy Binance USD
You can now exchange your funds for Binance USD. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Binance USD to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Where to buy Binance USD in the UK
Find an exchange to buy, sell and trade BUSD by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
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How we keep this Binance USD guide up-to-date
- BUSD price data is regularly updated through data feeds so you always have the latest information.
- Binance USD performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
How do I find the best places to buy Binance USD?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Binance USD?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Binance USD.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing BUSD with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What is the easiest way to buy Binance USD?
The easiest way to buy BUSD is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying BUSD, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Binance USD has been performing recently.
Best Binance USD wallets to store your BUSD
You can keep your BUSD on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your BUSD below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,317+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $186 |
Price (USD) $49.99 |
See more of the best crypto wallets
Recent Binance USD developments
March 2022: Volume for BUSD jumped 16% in the first day of March, with the token now accounting for 20% of the stablecoin market share. Much of this spike is due to Ukranian and Russian investors rushing out of fiat currency attempting to avoid the economic impact of the Russia-Ukraine war.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Is Binance USD a good investment?
BUSD is an attempt at creating a US-dollar-backed stablecoin, but there are differentiators that set it apart from similar USD stablecoins. Make sure you consider the following before purchasing BUSD:- Regulation: The token is one of few regulated stablecoins and it complies with all the regulatory framework set out by the NYDFS. This can be seen as both a strength and a restrictive weakness.
- Centralised: Paxos implements a "Set Law Enforcement Role" that can restrict and control accounts that do not comply with NYDFS requirements. In this sense, the BUSD token is not quite decentralised.
- Audits: The token is audited by the NYDFS every month to provide transparency for users.
Today's Binance USD price versus ATH
Compare today's price of Binance USD ($0.999849 USD) against its all-time-high price of $1.15 USD on 13 March 2020. The closer the bar is to 100%, the closer BUSD is to reaching its ATH again.
Binance USD's price: $0.999849
ATH date: March 13, 2020
ATH date: March 13, 2020
86.94%
Binance USD ATH: $1.15
How to trade, convert or sell Binance USD
You can convert or sell your BUSD with the same exchange you bought it through:- Sign in to the exchange you have BUSD on.
- If you store your Binance USD in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of BUSD you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Binance USD.
- Complete your transaction and move your BUSD to a wallet for storage.
* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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