Binance P2P users with a quick and cost-effective platform for purchasing stablecoins such as BUSD. Learn about some of the other benefits of trading on Binance P2P in this blog.
BUSD is a fiat-backed, regulated stablecoin pegged to the U.S. dollar, founded by Paxos and Binance. Paxos offers a Stablecoin as a Service product to external companies, allowing Binance to partner and help create BUSD and Binance-Peg BUSD. For every single BUSD, one U.S. dollar is held in reserve. This mechanism pegs BUSD to the U.S. dollar at a 1:1 ratio. At any time, BUSD holders can swap their tokens for U.S dollars and vice versa.
This method also charges fees to the user on most trading pairs. For those who want to buy BUSD without any fees and with alternative payment methods,After finding a seller that offers a suitable payment method for you, you can begin making your trade. Usually, we expect most transfers to be completed in 15 minutes or less. However, if you haven’t received your BUSD within this time, you can contact the seller by clicking the
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