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Binance USD Review

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Very good

Revainrating 4.5 out of 5  
Rating 
4.5
Crypto Projects, ERC20

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Description of Binance USD

Binance USD (BUSD) is a cryptocurrency and operates on the BNB Beacon Chain (BEP2) platform. Binance USD has a current supply of 7,157,628,171.043376. The last known price of Binance USD is 0.99955241 USD and is down -0.01 over the last 24 hours. It is currently trading on 6538 active market(s) with $2,916,742,706.27 traded over the last 24 hours. More information can be found at https://www.binance.com/en/busd.

Reviews

Global ratings 26
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Type of review

Revainrating 4 out of 5

One of the stablecoin to have on radar

We have to start with the explanation that the stablecoins are the most important and integral part of the cryptocurrency industry and play pivotal role. On the other hand not all of them should be treated equally. We are usually switching to them if we are expecting worsening market conditions (i.e. going from the bull market to the bear market). It is one of the good metrics to analyze the cryptocurrency market. It is one of the best place (I guess alongside bitcoin) where to hide. There are

Pros
  • collateral in American dollars in the respected banks
  • Paxos
  • stable
  • good if you are Binance user
Cons
  • Binance influence

Revainrating 3 out of 5

Binance’s mass trading has done a reliable and excellent job.

Multiple administrations are the last point of the most existing business administration abroad. There are also a number of executives who deal with extraordinary recognition, money and exchange. Both ERC-20 and BEP-2 were supported by customers. You can move anywhere very quickly with the cheapest dollar and barrier power. It also supports BUSD, ERC and BEP wallets, which means there are no restrictions on where to put them, as almost all of the current wallets can be implemented. They act…

Pros
  • Content of tested and reliable projects to see new market customers.
  • It is very important to respect the market.
  • Binance is an additional successful stabilkoin.
Cons
  • Focus trading cryptography.

Revainrating 5 out of 5

Binance's massive exchange has created a trustworthy and amazing project.

It is the most widely used stable coin in the cryptocurrency world. One BUSD equals one dollar; BUSD is similar to a digital dollar, except it is the native currency of the Binance Exchange Platform. BUSD is also supported by ERC and BEP wallets, which means there are no restrictions on where it may be held because it is compatible with virtually all existing wallets. Exchange services are at the top of the list of most business services in and out of the marketplace. There are also some…

Pros
  • Options for trading, investing, and lending USDs that are well-developed and integrated into the Binance representation.
  • Content of tested and dependable applications for the comprehension of new market customers.
  • The design of the website is excellent. It has the same root as the rest of the platform, but it may be seen individually.
  • It is advantageous to invest in BUSD since it is a viable alternative for common trade in which consumers interact with cryptos and fiat.
Cons
  • Nothing.

Revainrating 3 out of 5

Binance USD is a very manageable and tested stabilcoin

Binance and Paxos do not pay for the purchase or reclamation of Binance USD (BUSD), but there may be bank charges / wire charges. ERC-20 and BEP-2 were both supported by customers; With the lowest cost of the dollar and the ability to block, you can move anywhere in minutes. Trade administrations are at the highest point of earnings through a commercial center. With great reception, there are even bosses who direct resources and change to a certain degree. They act safely and are trusted by a…

Pros
  • There is no exchange charge when you send BSC-based wallets from Binance
  • Binance is an extra-effective stabilcoin
Cons
  • No flaws

Revainrating 5 out of 5

BUSD: The Accomplice of all Stablecoins Streaming in the Commercial center

Trades administrations are at the highest point of the most business benefits all through the commercial center. With extraordinary receptivity, there are even a few chiefs that are guiding funds and exchanging to a preeminent level. They act dependably and are trusted by a huge number of clients, significantly more, when the ones that utilization to be practically wonderful have introduced disappointments or have been hacked. Thus, absolutely, this kind of administrations have had good and

Pros
  • Very much created alternatives for exchanging, contributing and loaning USDs through a worth heated in the Binance portrayal.
  • Substance of estimated and dependable applications for the comprehension of clients who are new available.
  • The plan of the website page is significantly acceptable. It has a similar root as the entire stage, yet it very well may be effectively seen independently.
  • It is helpful to put resources into BUSD since it's anything but a possibility for regular exchanging where clients associate with cryptos and fiat.
  • The organization offers great prizes when utilizing the administrations for putting resources into it. Income can be generous relying upon the worth of speculations.
Cons
  • Nothing negative to say.

Revainrating 4 out of 5

USD of Binance, BUSD

BUSD can be called the crypto dollar of the Binance exchange. BUSD is a stablecoin like stablecoins indexed to the dollar before it. It is widely used especially on the Binance exchange. It is not possible to trade with all cryptocurrencies listed on the Binance exchange. However, it can be traded with many cryptocurrencies listed on Binance. Interest earnings can be earned by staking BUSD on platforms other than Binance such as Pancakeswap. In addition, BUSD plays an active role in events…

Pros
  • Binance is also a very actively used stablecoin
  • No transaction fees when sending from Binance to BSC-based wallets
  • Very valuable in terms of market value
  • You can earn money by staking
  • Although owned by Binance, it is also listed on other exchanges
Cons
  • cryptocurrency of a central exchange.

Revainrating 5 out of 5

Binance USD - BUSD

Binance USD or BUSD is a dollar-paired stablecoin which makes it much easier to transfer fiat USD currency anywhere and anytime using the low rates of blockchain transactions. It is another creation of Binance exchange, one of the biggest exchenges in the cryptographic medium, so what is this stablecoin behind? In terms of novelty, nothing, since we know that stablecoins bring less volatility (practically none, as they are backed by fiat) but we have behind the Binance USD or BUSD project…

Pros
  • a stable coin with the Binance Exchange brand, so there is a greater confidence in my opinion a positive point
  • you can trade on virtually all existing pairs within the binance exchange
Cons
  • there are many others with this same principle which makes the competition greater within the stable market

Revainrating 4 out of 5

Binance USD is a well regulated and audited stablecoin

BUSD is a stablecoin that is pegged 1:1 with USD. It was founded by Paxos and Binance for the purpose of facilitating a crypto that can resist volatility of the market and also be suitable for multiple use cases. The stablecoin(BUSD) is an erc-20 on ethereum network and as we know, it is useful in defi, dapps and many others. I have been reading BUSD on exchanges like binance and I have personally found it rewarding. I am not in anyway afraid because the coin is backed by USA financial…

Pros
  • It is backed by USA financial regulatory body
  • It was established by major stake holders in cryptocurency realm
  • It can be used to hold the value of ones digital assets away from volatility of the market
  • It has many use cases
Cons
  • It is relatively new and it is somehow behind the earlier stablecoins

Revainrating 5 out of 5

A STABLECOIN WITH A DIFFERENCE

Stablecoins are assets that have price stability traits that make it apt for short-term and medium-term use as a unit of account and store of value, often fixed to a national currency. established on the price stability, they play an important role on payments, transactions, account settlements, and Decentralized Finance (DeFi). The Binance USD (BUSD) is a stablecoin that is supported by the Binance platform and is dollar backed. founded in partnership between the largest and most trusted…

Pros
  • Good reputation and funds security
  • Since trading started on the BUSD platform, high liquidity has been offered to it's customers
  • BUSD is backed by U.S. dollars in U.S banks insured by FDIC.
  • A leading audit will verify monthly compliance with BUSD tokens and base U.S dollars.
Cons
  • When USD value drops, that of BUSD will too

Revainrating 4 out of 5

BUSD: The Partner of all Stablecoins Flowing in the Marketplace

Exchanges services are at the top of the most commercial services in and out of the marketplace. With great receptivity, there are even some leaders that are directing finances and trading to a supreme level. They act reliably and are trusted by millions of users, even more, when the ones that use to be almost perfect have presented failures or have been hacked. So, certainly, this type of services have had ups and downs that should be treated carefully, but anyway they are still necessary for…

Pros
  • Well-developed options for trading, investing and lending USDs through a value baked in the Binance representation.
  • Content of measured and reliable applications for the understanding of users who are new on the market.
  • The design of the web page is considerably good. It shares the same root as the whole platform, but it can be easily viewed separately.
  • It is useful to invest in BUSD since it is an option for common trading where users interact with cryptos and fiat.
  • The company offers good rewards when using the services for investing in it. Earnings can be substantial depending on the value of investments.
Cons
  • Nothing negative to say.

Revainrating 5 out of 5

Binance USD (BUSD), An excellent stablecoin product of the alliance between Binance and Paxos, two giants of the crypto world.

As is well known, stablecoins can be backed by various mechanisms or assets in the real world. In this case, I want to tell you about the BUSD stablecoin, which is backed by the US dollar (USD). BUSD was created in September 2019 in association with companies of high prestige, experience and reliability in the cryptographic environment: Binance and Paxos. It is approved by the New York Department of Financial Services (NYDFS) which guarantees enormous protection and security for users. The…

Pros
  • Having the institutional backing of NYDFS gives BUSD great long-term stability in the crypto market.
  • It offers greater possibilities for savings by offering 8.50% annual profit just by subscribing your savings to Binance Savings.
  • It is a highly regulated stablecoin that guarantees a lot of security when transacting between cryptocurrencies and fiat money.
  • You can buy BUSD with the Venezuelan bolivar without having to pay commissions for the transaction.
  • With BUSD you make purchases in many more places, avoiding all the setbacks that warrant creating a dollar account.
  • BUSD is exchangeable for other stablecoins in seconds.
  • The token operates on a large number of exchanges.
Cons
  • Nothing negative to limit.

Revainrating 4 out of 5

BUSD

Binance USD is a pegged stable coin with 1:1 price tag of US dollar the idea behind BUSD is to control volatility in crypto currency. With BUSD crypto holder and traders can conveniently hold their crypto asset in their wallet without need to worry about fluctuation of crypto price. Getting started using BUSD can be bought directly from binance exchange platform using wire transfer or by making direct conversion of other crypto token for BUSD. making transaction using BUSD is relatively low…

Pros
  • Stable coin initiated to control volatility of crypto coin backed by US finance department
  • Supported on multiple exchange for trading other crypto pairs
  • Compatible with multiple wallet with low transaction fee
Cons
  • BUSD non for now

Revainrating 5 out of 5

Talking About The Stability Of Binance USD

Binance USD is a project that is highly regulated thereby easing traders of the fear of volatility of the coin. It was created to have the same market value as the United States Dollars. It was created in September 2019 and issued as an ERC-20 token thereby making it compatible on almost all the available cryptocurrency wallet. The platform can also be recommend for its cheap transaction fee. The fees are very affordable and they don't charge for some services. Binance USD is set to make it's

Pros
  • Was produced by a leading cryptocurrency exchange platform
  • Is a stable coin, thereby easing traders of the fear of volatility
  • A regulated platform
  • The platform charges low fee for transaction
Cons
  • None for now

Revainrating 5 out of 5

BUSD: Allowing you to save your USD on a blockchain instead of banks

Stablecoins are cryptocurrency fail safes for shrewd investors. They allow you to have a feel of cryptocurrencies and at the same time eliminating the fear of losing the value of your original investments. It is just like keeping the original value of your fiat currencies on a blockchain without fear of senseless charges by banks. Binance USD is a US Dollar backed cryptocurrency stablecoin of the Binance blockchain and exchange. It is approved by the New York State Department of Financial…

Pros
  • BUSD gives you a faster alternative to fund your transactions
  • It is available for transactions on the Ethereum and Binance blockchains.
  • BUSD is available for trading on a good number of exchanges
  • It thrives on the stability of the USD
  • It is a widely acceptable currency of exchange just like USD
Cons
  • BUSD value falls when USD value falls
  • Profits are not easily made with investing in stablecoins because they are not as volatile as cryptocurrencies

Revainrating 5 out of 5

Keeping Your Digital Assets without Having A Fear Of Volatility

The Binance USD is a dollar backed stablecoin that also has the backing of one of the world's leading cryptocurrency exchange platform, Binance as obviously shown on the relativity if their names. The coin was issued as an ERC-20 token on the Ethereum blockchain making it to be easily stored in virtually all Wallets. It was originally created with the sole purpose of reducing Volatility. The Binance USD became available on the Binance platform in September 2019. The centralized platform is a…

Pros
  • It's a stable coin
  • Founded by a great cryptocurrency exchange platform
  • Has protected users from the fear of rise and fall of the market value of cryptocurrencies (reduces volatility)
  • The platform is licensed
  • Secures funds
Cons
  • I have nothing to sy

Revainrating 4 out of 5

$BUSD is a highly trusted Stablecoin.

Binance USD $BUSD is a highly stable Stablecoin, which means its value is pegged to $1. It is the Stablecoin product of Binance, a crypto-based project. $BUSD is important for traders wanting to secure their gains or cut their losses during high volatility of non-stablecoin cryptocurrency. It is also useful to make payment without worrying about price changes. It was first issued as ERC-20, but now is also available as BEP-2. Unlike decentralized options it is fully backed by US dollar and is…

Pros
  • Listed on popular centralized and decentralized Exchanges.
  • Available on multiple blockchains like Ethereum and Binance blockchains.
  • High Stability.
  • High 24 hour trading volume.
  • Backed by Binance, a trusted company.
  • Wallet support on all ERC-20 and BEP-2 compatible wallets.
Cons
  • Regulated and centralized.

Revainrating 5 out of 5

Binance USD: The Most Popular Digital Dollar

Binance USD is the most popular stable coin in the cryptocurrency space. One BUSD is equivalent to one dollar(1$), BUSD is just like a digital dollar but it is the native currency of the Binance Exchange Platform. BUSD is also supported on ERC-20 and BEP-2 wallets this means there's no restriction to which wallet it can be stored because compatible with almost all available wallets. BUSD being a stable currency and also an affiliate of the Binance exchange platform which is one the most…

Pros
  • BUSD is compatible with ERC-20 and other wallets.
  • It is a digitalized form of dollar.
  • It allows users to keep their digital assets at a stable price.
Cons
  • None

Revainrating 5 out of 5

BUSD -THE DIGITAL DOLLAR

BINANCE USD( BUSD) is a reliable and fantastic project by the giant exchange Binance. Due to the price stability, BUSD has a lot of benefits as payments, transactions and it is a good way of store digital money on your wallet/ exchange

Pros
  • BINANCE USD( BUSD) is a token pegged 1:1 to the US Dollars developed by Binance
  • This stable coin was approved by the New York State Department of Financial Services (NYDFS)
  • BUSD allows transactions with low fees
  • You can convert others stablecoins for BUSD instantly
  • The token is supported on ERC-20 and BEP-2 format
  • Depositing BUSD on Binance, You can earn interest with lending
  • BUSD TOKEN has a great trading volume
  • Token available to trade in a large number of exchanges. A lot of pairs
Cons
  • Token BUSD is not a good option for day traders, due to absence of volatility. It is a stable coin

Revainrating 5 out of 5

Stablecoin issued with reputation

With the frequent volatility experienced by many crypto assets die to it's massive adoption today, stablecoins have come to ease this volatility without making traders run out to exchange thier crypto assets to fiat just to escape losses due to volatility. The BUSD project was initiated in response to this and being issued by the Binance exchange and partnered with Paxos which are two credible organisations, there is a sure hope that this project cannot fail. Being a stable coin pegged 1:1 to…

Pros
  • The BUSD is issued by Binance and in partnership with Paxos, two verifable and credible crypto organisations
  • The BUSD is pegged to the USD which means it maintains it steady value of 1 dollar to 1 BUSD
  • The BUSD is a multichain tokens issued on the Binance Chain as BEP-2 token and Ethereum Blockchain as ERC-20 token
  • Having a stable value of $1 the coin can be sent to anyone on the Blockchain in a matter of minutes
  • The BUSD is traded on many exchanges for Fiat equivalents or other Crypto coins
  • BUSD can be used for collateral and loans
Cons
  • Nothing negative

Revainrating 4 out of 5

Binance USD BUSD: Cryptocurrency backed and equaled to the US dollar

Convert your Fiat dollars to crypto dollars and forget about traditional banking, you can transfer anywhere quickly at low cost and on blockchain technology with the advantages that we all know. This USD BUSD cryptocurrency launched and backed by the Asian exchange giant Binance whose tractive is to be considered the cryptographic dollar, its immutable value is always 1 USD BUSD is equivalent to 1 North American Dollar, use the strength of the dollar with the versatility of cryptocurrencies of

Pros
  • Backed by Binance
  • Attractive savings interest in BUSD
  • Stable value will always be equal.
  • Low transaction fees
Cons
  • If the dollar falls you lose purchasing power, something obvious.