BUSD to XMR conversion chart
Binance USD to Monero correlation
XMR and BUSD are not correlated to each other as XMR’s value depends on supply and demand. Whereas, BUSD is a stablecoin that is backed by traditional fiats like the dollar and the euro. BUSD’s value remains the same, which is $1 regardless of the market conditions. Hence, XMR and BUSD do not share a strong relationship.
Live BUSD Price Change and Market Cap
Currently, the BUSD price is 0.01206 XMR. According to the Binance USD price chart, the 24-hour change is -2.51%. The total market capitalization of Binance USD is $0 with 0 BUSD in circulation. In the previous 24 hours, the Binance USD price hit highs of 0.01222 XMR and lows of 0.01148 XMR.
Binance USD Price Prediction
Binance USD is a stablecoin launched by the Binance Exchange. As the value of BUSD is backed by the US Dollar, the price will not go through any changes. The peg is in the ratio of 1:1 which means that BUSD price will always be equal to $1 in any given time regardless of the market conditions. So, in the short-term and even in the long-run the Binance USD price will remain more or less the same.
BUSD to XMR exchange margin
The closing conversion rate for BUSD to XMR yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 BUSD to XMR would result in an output of 0.01206 XMR.
How to convert Binance USD to Monero
Binance USD and Monero comparison
Binance USD is a stablecoin issued jointly by Binance and Paxos. BUSD is backed by the US Dollar at a ratio of 1:1 which keeps its value equal to $1 regardless of the market fluctuations. BUSD is an ERC-20 token approved by the New York State Department of Financial Services (NYDFS).
Monero is an open-source blockchain with a major emphasis on privacy. Monero blockchain is opaque by default and transaction details like amount and addresses are encrypted. The project is completely decentralized and community-driven. XMR is accepted at various online stores.
What is Binance USD?
The cryptocurrency industry has come so far that there are many different categories of cryptocurrencies now. Binance USD is one which belongs to the new range called stablecoins. Stablecoins are cryptocurrencies that are backed by a fiat currency or physical assets to maintain their value and avoid volatility. Binance USD was launched by the popular cryptocurrency exchange Binance in 2019. Binance USD was created in collaboration with Paxos, the firm behind Paxos Standard.
Binance USD is a stablecoin and BUSD is its trading ticker. It can be held or traded similarly to other cryptocurrencies. BUSD is pegged to the US Dollar at a ratio of 1:1 which means that the value of 1 BUSD will always be equal to $1 regardless of the market conditions. PAX acts as the custodian for the US Dollars that back the BUSD. Moreover, BUSD is approved by the New York State Department of Financial Services (NYDFS) which adds more credibility to it.
Binance USD to Monero price details
BUSD to XMR Conversion Rate and Price
Currently, the conversion rate for 1 BUSD equals to 0.01206 XMR. The 24-hour highest price of Binance USD in relation to XMR was 0.01222 XMR and the lowest was 0.01148 XMR. In short, the BUSD price in relation to XMR changed by -2.51%.
Instantly Exchange BUSD to XMR
On ChangeHero you can instantly exchange Binance USD to Monero without signup. You can easily convert BUSD to XMR in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your BUSD to XMR exchange.
BUSD to XMR Best Rate Exchange
For the Best Rate exchange of Binance USD to Monero, we search through various exchanges for the BUSD to XMR pair and find the best rate available in the market. We provide you with an estimation of the amount of XMR you will receive.
As soon as you accept the terms and the BUSD is deposited, the exchange will be automatically processed. We remind you that the final amount of XMR you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of BUSD to XMR.
BUSD to XMR Fixed Rate Conversion
For the Fixed Rate exchange of Binance USD to Monero, ChangeHero finds a good rate for the pair BUSD to XMR and fixes the rate for up to 15 minutes. In the Best Rate exchange of BUSD to XMR, you will receive the exact amount of XMR which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned XMR address. ChangeHero is the best place to exchange BUSD to XMR fast and safe at the best rates.
Frequently asked questions
How long does it take to convert BUSD to XMR?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange BUSD to XMR?
No, you do not require an account to swap BUSD to XMR on ChangeHero. There will be no registrations for your Binance USD to Monero transaction.
Do I need to go through KYC procedures for BUSD to XMR exchange?
There will be no KYC for the BUSD to XMR exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange XMR to BUSD?
Yes, you can instantly exchange XMR to BUSD on ChangeHero.
