Review on Binance USD by erdi yılmaz
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 organized by the Binance exchange.
There is no transaction fee when sending the BUSD stablecoin from the Binance exchange to BSC Wallet.
Apart from Binance, it is also listed on different centralized and decentralized exchanges.
As the Binance exchange is widely used, the market value of BUSD is increasing day by day.
Ranking 25th overall, BUSD is the 3rd largest Stabilcoin in terms of market capitalization.
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.
