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How To Sell Binance USD (BUSD)

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Jan 11, 2023
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4 min read
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This blog post will cover:

  • Where and when to sell BUSD
  • How to sell BUSD on SimpleSwap

SimpleSwap, a crypto exchange service, would be happy to help you to swap tokens and coins. Furthermore, we provide a variety of services, including an opportunity to sell BUSD and buy popular fiat currencies, such as USD and EUR.

The Binance ecosystem is built around a belief that everyone should have the freedom to earn, hold, and spend their money. At the moment, Binance is considered one of the world's top blockchains.

BUSD is a stablecoin that is regulated and backed by fiat currency. It is pegged to the U.S. dollar in the 1:1 ratio. BUSD holders can easily exchange one for another. Stablecoins, such as BUSD, allow users to keep their funds in low volatile assets. The other function of BUSD is to make it possible to make transactions around the world with small fees.

Where and when to sell BUSD

There may be a lot of reasons to sell BUSD. For instance, a market situation may not be satisfactory for you. On the other hand, you just may not need Binance services anymore and decide to sell Binance USD tokens. Under these circumstances, we advise you to visit SimpleSwap, as we are ready to help.

How to sell BUSD on SimpleSwap

Let’s imagine you decide to sell BUSD to USD. Here is the instruction on how to do it:

  • Choose the BUSD-to-USD pair
    
    There should be
    Binance USD (BUSD) in the “You send” section.
    
    Enter the amount of BUSD you would like to sell.
    
    Check that there is US Dollar (USD) in the “You get” section.
    
    Click the “Exchange” button.
  • Confirm your intention to sell Binance USD (BUSD)
    
    Check the details and click the “Create an exchange” button.
    
    To continue crypto-to-fiat operation you need to agree with the Terms of Service and Privacy Policy.
    
    If everything is fine, click the “Sell” button.
  • Provide the necessary information to sell BUSD
    
    You will be redirected to the page operated by our partner Mercuryo to sell BUSD for USD. You’ll be asked to provide your email and verify your identity.
    
    Fill in the card info, you will get USD to this bank card when the operation is finished. Don’t forget to mention your refund address.
  • Sell Binance USD and receive USD
    
    Then, you’ll see a blockchain address to send BUSD. When it is done, just wait for USD to come to your bank card. Track your operation status by email.

Looks pretty simple, right? We are also glad to provide you with a great detailed video guide to show the whole step-by-step process of dealing with fiat-to-crypto operations.

Please, notice that a fiat-to-crypto and crypto-to-fiat exchange feature is offered to you by Mercuryo, SimpleSwap’s independent partner. SimpleSwap doesn’t keep or have access to your personal data and does not assume any liability or any loss or damage caused by your usage of Mercuryo’s services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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