How To Convert BUSD Into USDT on Binance: Complete Guide
If you are looking at how to convert BUSD into USDT on Binance.
Then this guide is for you even if you have not done it before.
Binance USD is also a stable coin like USDT and people use these coins to trade in other cryptocurrencies. However, people like stable coins with various features and trust.
They want to trade and keep their assets in the stablecoin that they trust more. This is where the difference comes in.
Due to its large influence and reputation n the market, people like to trade in Binance stablecoin named BUSD.
Why do You need To Convert One Stable coin to another?
It depends on how you see the market and which coin you trust. This coin is fiat-backed and has been backed by Cee Zee and its company Binance. Which is one of the largest exchanges to buy and sell bitcoin and other cryptocurrencies. These factors make it trustable for users and all crypto converters.
What Is Binance Stable Coin BUSD?
BUSD or Binance coin is a regulated stablecoin that is backed by fiat currency and is pegged to the US dollar. For every unit or coin of BUSD, one dollar is held in reserve. It was founded by Paxos and Binance
How To Convert BUSD Into USDT on Binance?
It is a simple process and does not take any time. Just follow the steps below and you will be done in a minute.
Note: The interface of Binance exchange is different on their mobile app and website. In this tutorial, I am using the Binance mobile app. The good thing is, that you can also follow these steps if you are on the Binance website.
1- The first step is to log in to your Binance account and click on the more option.
2-Now scroll down the app to see the “Convert option. Once you find it, click on it to open the conversion tab.
3- Here is how the interface looks like
4- Now select the coin in the upper section that you have and want to convert. In this case, we will select USDT.
5- In the lower section, select the coin that you want to get. In our case, I will select BUSD.
What Is The Fees Of Converting BUSD Into USDT?
Binance offers conversion in 1500 pairs with 0 fees. That is why converting BUSD into USDT is free of cost and you are not charged any fees. And I recommend converting your coins rather than trading them, in case, you do not want to trade and make profit by selling your crypto.