What is BUSD and how to use it?

BUSD

Binance USD (BUSD) is an internal Binance Exchange stablecoin.

BUSD
  • Highly regulated 1:1 USD-backed crypto stablecoin:
    These are digitized US Dollars and are always purchased and redeemed at 1 BUSD for 1 US dollar.
  • Purchase and redeem with Zero Fees:
    Binance and Paxos don’t charge a fee for the purchase or redemption of Binance USD (BUSD) However bank charges/wire fees may apply.
  • Transfer globally, fast and low-cost:
    Supported on either ERC-20, BEP-20, and BEP-2; transfer your dollars anywhere in minutes, with low cost and on the blockchain.

For more information about BUSD follow the link: https://www.binance.com/en/busd

The best way to use BUSD is to use our Crypto Trading Bot Platform: X-Bot.io
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Why?

Binance made Zero Maker Fee! That’s why!

“Binance is excited to announce that we will offer a zero maker fee promotion that will apply to all existing and future BUSD trading pairs from 2019/10/11 0:00 AM to 2020/01/01 0:00 AM (UTC).”

Binance reserves the right to cancel or amend the Promotion or Promotion Rules at our sole discretion.

The promotion will apply to all existing and future BUSD trading pairs listed on Binance.com.
What is a Maker? When you place an order that goes on the order book partially or fully (such as a limit order placed via the trading screen on binance.com), any subsequent trades coming from that order will be as a “maker.” These orders add volume to the order book, helping to “make the market,” and are therefore termed the “maker” for any subsequent trades. Note: It is possible for a Limit GTC order (accessible via both the UI and the API) to have trades as the taker and maker.”Due to further popular demands, Binance extended the BUSD Zero Maker Fee Promotion 6 times already.

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