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How to withdraw BUSD into RMB Learn to exchange BUSD for RMB in

Date:2024-05-20 20:35:09 Channel:Exchange Read:

In today's era of booming digital currencies, BUSD (Binance USD) has attracted much attention as a stable currency. Converting BUSD to RMB is an important and practical operation for many investors. The following will provide you with a detailed introduction on how to quickly and conveniently withdraw BUSD to RMB, so that you can easily master this wealth code.

First of all, it is crucial to understand how to withdraw BUSD to RMB. You can do this through a cryptocurrency exchange or a digital wallet. On mainstream exchanges such as Binance, find BUSD and select the withdrawal option. Fill in your RMB payment information, confirm the withdrawal amount, and enter the transaction password to complete the withdrawal operation. If you use a digital wallet, you need to send BUSD to the exchange to convert it to RMB, and then withdraw it to your bank account.

Next, let's learn how to complete the BUSD to RMB operation in three minutes. First, log in to your cryptocurrency exchange account and find the trading pair where BUSD is located, such as BUSD/CNY. Enter the amount of BUSD you want to exchange, confirm the transaction information, and click Convert to RMB. After the transaction is completed, select the withdrawal option, fill in your RMB payment information, confirm the withdrawal amount, and wait for the bank to arrive.

In addition to traditional exchange methods, you can also choose to use OTC (over-the-counter trading) to exchange BUSD for RMB. On the OTC platform, you can negotiate the price and quantity directly with the seller, and then withdraw the money to your bank account after the transaction is completed. This method is more flexible and helps to complete the exchange operation in a short time.

In addition, there are some online third-party platforms that provide BUSD exchange for RMB services, such as Alipay, WeChat, etc. Through these platforms, you can convert BUSD into RMB and withdraw it to your bank card quickly, which is convenient and fast.

In the process of exchanging BUSD for RMB, be sure to choose a formal and reliable trading platform to ensure the safety of funds. At the same time, pay attention to transaction fees and exchange rate fluctuations, and choose the right time to exchange operations to obtain the best exchange ratio and maximize profits.

In general, exchanging BUSD for RMB is a simple and important operation. Through the methods and steps provided in this article, I believe you have mastered the skills of how to quickly extract this wealth code. In daily investment, flexible application of this knowledge will bring convenience and benefits to your financial management. May you gain more benefits in the field of digital currency and start a new journey of wealth growth!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


As we all know, stablecoins play an important role in the development of DeFi, because stablecoins can usually be used as collateral assets or loan assets. BUSD, as a stablecoin, is not only regularly regulated and audited, contributing to further stability, but it also has a large user base, with more than 150,000 users. BUSD even has an extensive network of fiat entry and exit support, allowing many local currencies to be used to easily purchase and exchange BUSD. Many investors don’t know how to withdraw BUSD into RMB? Let the editor of the currency circle take you through three minutes to learn how to exchange BUSD for RMB.

 How to withdraw BUSD into RMB?

Today, the editor of the currency circle will use the example of withdrawing BUSD to introduce to you how to withdraw BUSD into RMB? Detailed tutorials are as follows:

1. Open the Binance official website and click [Register with mobile phone number or email] to enter the registration page.

2. Select [Email] on the registration page (QQ, NetEase 163, Sohu Mail is recommended), enter the email password in sequence, check and agree to Binance's terms of service and privacy policy, and click [Register]

3. Swipe right in the security verification pop-up window to complete the puzzle, enter the 6-digit verification code received by email, and click Submit (Note: The verification code is valid for 30 minutes, please log in and check in time)

4. After completing the identity authentication, click "One-Click Buy Coins" on the homepage

5. Click Buy Coins, select Sell from the selected area, and click BUSD

6. Select the buyer below and click to sell BUSD (Note: The payment method can be set in the 'Overview' - 'Payment Method' at the bottom of the user center)

7. As long as the identity authentication is completed, you can trade directly.

 What is the use of BUSD coins?

First, you can trade Binance with over 48 currency pairs from around the world
USD, every currency pair has a USD value. Users will find an alternative to fiat currencies there, as they can exchange USD 1:1. With almost zero fees, the token becomes an excellent alternative for any currency, anywhere in the world, at any time.

Second, Binance USD’s versatility isn’t limited to real-world assets. You can make instant 1:1 exchanges with other popular stablecoins for free. And as an ERC-20 token, BUSD is interoperable with various platforms and can be easily integrated with various DApps and smart contracts.

In addition, through BUSD, users can make money passively and actively. Users can store and hold BUSD in their wallets, hedge against the volatility of accumulated digital assets, or trade on the Binance Market.

Binance continues to be Binance
USD coin adds new features. It adds versatility with features like Binance Margin Trading, allowing BUSD to be used as loan collateral. The addition of multiple loan products allows users to deposit BUSD and earn up to 15% annual interest.

Through the above article, I believe everyone has learned how to withdraw BUSD into RMB. As the largest and most important stablecoin in the world developed by Binance in partnership with Paxos, it is still trustworthy. Paxos is an established crypto company headquartered in New York, Paxos and Binance
USD is regulated and monitored by the New York financial authorities. Paxos is able to guarantee that at least $1 per BUSD is deposited in the escrow account, and it also submits monthly reports from external auditors. Investors can either purchase BUSD through Binance or buy and sell this stablecoin directly through Paxos.

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