Binance USD (BUSD) is one of the most popular fiat-backed stablecoins in the crypto market. Its value is pegged to the U.S. Dollar, just like Tether (USDT) and USD Coin (USDC), and it also serves the same purpose, which is to provide a more stable or less volatile crypto alternative to traders and investors.
BUSD has come so far since it was launched in 2019. In fact, it’s already being used for peer-to-peer (P2P) transactions, remittances, salaries, shopping, dining, and more. That said, if you’re looking for the easiest and cheapest way to send BUSD to another user, sign up on Ka.app now.
What Network Can I Use to Send BUSD?
Users can transfer BUSD across the Avalance, BNB Chain, Ethereum, and Polygon networks. But if you’re using Ka.app, there’s no need to choose a network type as you can send Bitcoin (BTC), BUSD, or any other crypto using just a QR code or mobile number.
1. To another Ka.app user
- Log in on the app.
- Once you’re on the home screen, tap the Send icon.
- Scan the Ka.app QR code or enter the mobile number of the recipient.
- Select “Binance USD” on the list of assets.
- Enter the amount of BUSD you’d like to send.
- Enter your pin code to confirm the transaction.
2. To an external wallet
- Log in on the app.
- Once you’re on the home screen, tap Binance USD.
- Tap the Withdraw icon.
- Paste the wallet address or scan the QR code of the recipient.
- Enter the amount of BUSD you’d like to send. You may also choose the percentage of the BUSD amount (10%, 25%, 50%, or 100%).
- Confirm the withdrawal by entering your pin code
How Much Does It Cost to Send BUSD?
With Ka.app, you can send BUSD for free if the other Ka.app user also receives the payment in BUSD. However, if the other user has enabled their Easy Swap feature and receives the payment in another coin or token (e.g., BTC), exchange fees will be deducted.
Exchange fees may vary on Ka.app depending on whether you’ve locked up KASTA tokens on the app or not. The greater number of tokens you’ve locked up, the lower the exchange fees. However, for regular users, exchange fees cost 2.504%
How Long Does It Take to Send BUSD?
Quickly. By signing up on Ka.app, you can send and receive crypto within a few seconds.
Is It Safe to Send BUSD Using Ka.app?
Yes. The Ka.app team conducts thorough Know Your Customer (KYC) verifications for people who sign up on the app to protect users and the company against fraudulent activities, money laundering, and other finance-related crimes. In addition, a user won’t be able to log in and send crypto without entering their pin code, which also helps prevent hacking and unauthorized transactions.
Final Thoughts
Sending BUSD to another user is quick and easy on Ka.app. All you need is a QR code or mobile number, plus a few seconds, and you’re done. And the best thing about it is that the transaction is free if the recipient also accepts the payment in BUSD.
To experience easy crypto payments, sign up on Ka.app now.
FAQ
What is BUSD?
BUSD is a stablecoin pegged to the U.S. Dollar founded by crypto exchange Binance and crypto brokerage provider Paxos. It was designed to provide crypto users with the option to hold low volatility without exiting the crypto space.
What are the use cases of BUSD?
BUSD has various use cases. Some of these include helping crypto users avoid drastic price fluctuations in the highly volatile crypto market and providing a great way for users to exit a crypto investment and secure their gains. BUSD can also be used for staking.
Aside from BUSD, what other cryptocurrencies do you accept on Ka.app?
As of writing, Ka.app also accepts BTC, ETH, MATIC, BNB, KASTA, USDT, and USDC. The company is actively collaborating with other crypto projects, so you can expect to see more coins and tokens on the app soon.
