Live crypto prices >> Binance USD (BUSD)
Binance USD price refreshes every 10 seconds.
Convert AUD to Binance USD (BUSD).
What’s the price of Binance USD today?
Today’s BUSD price is AU$ 1.44 and it is currently ranked #8 with a volume of AU$ 10,929,377,561.
We have the updated price for BUSD today and BUSD charts for you to analyze. Use the price charts above and below to get an updated price in AUD, USD or GBP.
You can also use our conversion tool to convert AUD to BUSD.
Buying or selling BUSD? Read the buyers guide below…
Where to buy Binance USD?
The best place to buy Binance Coin in Australia is Swyftx.com.au
A lot of people will use the Binance exchange but for most people who are getting started it maybe a little too complicated. Swyftx makes it very easy to purchase crypto and they have lower fees.
Swyftx is based in Australia with their head office in Brisbane, Queensland. They are the fastest growing crypto exchange with over 310+ cryptocurrencies to trade.
If you sign up to Swyftx today, you will receive $20 worth of BTC just for signing up. This is a new promotion they are running and you can get this offer by following using the $20 referral code here. This offer is for new accounts and only for people in Australia and New Zealand.
What is Binance USD?
BUSD was founded by Binance and Paxos. It is a USD-pegged stablecoin that was approved and launched by NYDFS in partnership with Paxos and Binance. So basically, BUSD is a digital asset that has been created by using blockchain technology and is backed by the US dollar.
One thing to note about this asset is it was one of the few stablecoins to get approved in the US.
The mechanism behind BUSD is fairly basic and understandable, especially when compared to how complicated some other “stablecoins” can be to understand. Whenever BUSD is bought, an equivalent of that amount in BUSD is created while a fiat equivalent is transferred to Paxos for safekeeping.
When a BUSD is sent to Paxos, the blockchain infrastructure will burn the token and in return give you USD funds when you ask for a sell order. This maintains a 1:1 ratio of BSB/USD at all times.
Buying BUSD is a good idea if you want to avoid crypto price fluctuations. The coin is stable and can be used as a store of value during volatile periods in the crypto market.