We continue extending the list of crypto available for purchasing and are glad to announce that we have added BUSD, a fiat-backed stablecoin issued by Binance and Paxos.
As of today, crypto users from 175 countries can buy this digital asset on any of 3 Blockchains - ERC-20, Avalanche, and BEP-20, with 10+ most convenient payment methods, including Apple Pay and Google Pay. Furthermore, our AI-powered KYC module speeds up the process of identity verification and makes it possible to buy this cryptocurrency within a few minutes.
BUSD is a regulated stablecoin by the leading cryptocurrency exchange Binance and a New York-based company Paxos, the developer of Paxos Standard (PAX). The stablecoin was launched in September 2019. As of November 2022, the market capitalization of BUSD is equal to $23.04 billion with the same number of circulation supplies.
The BUSD rate is 1:1 to the US dollar. It is fully tied to the fiat currency rate, meaning that the amount of circulating BUSD tokens is backed by fiat funds in US dollars held in US bank accounts insured by the FDIC (Federal Deposit Insurance Corporation). The monitoring of these bank accounts is arranged by several trusted audit companies, including Withum, guaranteeing no opportunity to manipulate the token amount.
It is one of the easiest things on Earth to buy BUSD with the help of Utorg. And it does not matter whether you want to get this cryptocurrency on ERC-20, Avalanche, or BEP-20 because it is a matter of two steps to reach the goal.
First of all, you need to set up your purchasing order. In simple words, it is necessary to specify the details, like the currency pair (one out of 25 fiat currencies of your choice and BUSD on ERC-20, Avalanche, or BEP-20), the amount of BUSD to buy, and your actual crypto wallet that supports BUSD.
The second step requires a payment. Utorg provides its users with over ten popular payment methods (this list includes Google Pay and Apple Pay). Choose the most preferred one and make the payment.
If you are a new user and have not previously used the services of Utorg, you will be asked to complete the mandatory identity verification process (KYC verification). The process takes no more than 3 minutes since we use the AI-powered KYC module - just upload your valid passport or driving license and go through the liveness check (make a few turns of your head in front of your web camera/selfie camera). And that is it. After doing this, you can buy BUSD and any other cryptocurrencies in a moment.