How to Buy Dollars (USDX) Guide – Binance (2024)

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How to Buy Dollars (USDX) Guide – Binance (1)

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Note: This coin is not listed on Binance for trade and service.

Binance is constantly reviewing and adding cryptocurrencies that can be used on the Binance platform. If you would like to know where to buy Dollars, which is currently not listed on Binance, you can follow the step-by-step guide below.

The most straightforward way is to find a reliable centralized exchange where you can buy Dollars, similar to Binance. You can refer to Coinmarketcap.com's Markets section to find the list of centralized exchange the coin is listed on.

Another option to buy the Dollars is through a decentralized exchange (DEX) which supports the blockchain where your Dollars resides. This guide will show you how to buy Dollars by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency.

1

Download a Trust Wallet Wallet

There are several crypto wallets to choose from within the Ethereum network and Trust Wallet appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or the iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting Trust Wallet’s website.

2

Set up your Trust Wallet

Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6.

3

Buy ETH as Your Base Currency

Once your wallet is setup, you can login to your Binance account and proceed to the Binance Crypto webpage to buy the ETH. If you are not an existing user, you can refer to our How to Buy ETH guide on registering and buying your first cryptocurrency on Binance.

4

Send ETH From Binance to Your Crypto Wallet

Once you buy your ETH, go to your Binance wallet section and look for the ETH you purchased. Click on withdraw and fill up the required information. Set the network to Ethereum, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your ETH to appear in your Trust Wallet.

If you are using Binance Website:

If you are using Binance App:

5

Choose a Decentralized Exchange (DEX)

There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Trust Wallet wallet, you can go to 1inch to make the transaction.

6

Connect Your Wallet

Connect your Trust Wallet wallet to the DEX you want to use by using your wallet address from Step 2.

7

Trade Your ETH With the Coin You Want to Get

Select your ETH as the payment and select the Dollars as the coin you want to acquire.

8

If Dollars Doesn’t Appear, Find its Smart Contract

If the coin you want does not appear on the DEX, you can refer to https://etherscan.io/ and find the smart contract address. You can then copy and paste it into 1inch. Beware of scams and make sure you got the official contract address.

9

Apply the Swap

Once you are done with the previous steps, you can click on the Swap button. From deciding where to buy Dollars to making the purchase, your crypto transaction is now complete!

Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsem*nt by Binance about the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.

Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents.

How to Buy Dollars (USDX) Guide – Binance (2024)

FAQs

How to buy US dollars on Binance? ›

Where & How to Buy Dollars (USDX) Guide
  1. Download a Trust Wallet Wallet. ...
  2. Set up your Trust Wallet. ...
  3. Buy ETH as Your Base Currency. ...
  4. Send ETH From Binance to Your Crypto Wallet. ...
  5. Choose a Decentralized Exchange (DEX) ...
  6. Connect Your Wallet. ...
  7. Trade Your ETH With the Coin You Want to Get.

How much is $1 dollar in Binance? ›

USD to BUSD
AmountToday at 7:39 pm
1 USD1.00 BUSD
5 USD5.00 BUSD
10 USD10.00 BUSD
50 USD50.01 BUSD
4 more rows

How do I invest in Binance USD? ›

If you are a new user, this is the easiest option to purchase First Digital USD.
  1. Navigate to buy First Digital USD with USD page on Binance.
  2. Select First Digital USD and USD from the dropdown menu.
  3. Choose "Card" as the payment method, and click "Confirm".
6 days ago

Can you trade $1 dollar in Binance? ›

One of the best things about Binance is that you can start trading with as little as $1. This makes it a great platform for beginners who want to learn the basics of trading without risking too much money. Here are a few guides on how to trade with $1 on Binance and make progress: Choose a low-cost trading pair.

What is the easiest way to buy USDC? ›

Most find that the easiest and most secure way to purchase USDC is through a reliable cryptocurrency platform like Kraken. While USDC can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like USDC.

What is the cheapest way to buy USDT? ›

Cheapest Ways to Buy USDT

Look for exchanges with competitive trading fees and favorable exchange rates. Some popular exchanges to consider include Binance, Coinbase, Kraken, and Bitfinex. Compare fees and rates across different platforms to find the best deal.

How much is $20 dollars in Binance? ›

You can convert 20 USD to 0.034237 BNB.

How much is $5 dollars in Binance? ›

Convert US Dollar to Binance Coin
USDBNB
5 USD0.008503 BNB
10 USD0.017007 BNB
25 USD0.042516 BNB
50 USD0.085033 BNB
11 more rows

How much is $50 dollars in Binance? ›

Convert US Dollar to Binance Coin
USDBNB
25 USD0.043175 BNB
50 USD0.086349 BNB
100 USD0.172698 BNB
1,000 USD1.73 BNB
11 more rows

Can I keep USD in Binance? ›

On June 13, 2023, Binance.US began its transition to a crypto-only exchange, which means we no longer accept USD deposits and withdrawals for the time being — until we are able to secure stable banking partners.

How do I cash out USD on Binance? ›

How to Withdraw Fiat From Binance:
  1. Access your Binance account, hover over the account icon in the upper right corner, and select [Assets].
  2. Click [Withdraw] and select [Withdraw Fiat] on the opened page.
  3. Select the fiat currency you want to withdraw (e.g., USD, EUR).
  4. Pick the withdrawal method.
Jun 20, 2024

How does Binance USD work? ›

Just like other stablecoins such as Tether (USDT) or USD Coin (USDC), Binance USD is pegged 1:1 with the U.S. dollar where 1 BUSD is equivalent to $1 in value. Paxos is technically the issuer of BUSD, not Binance, since all the U.S. dollars backing up BUSD are kept in its custody.

Can I buy dollars on Binance? ›

This guide will show you how to buy Dollars by connecting your crypto wallet to a decentralized exchange (DEX) and using your Binance account to buy the base currency. There are several crypto wallets to choose from within the Ethereum network and Trust Wallet appears to be the most integrated.

What is the minimum deposit in Binance? ›

Even though there is no real deposit limit, there is a floor for how much you need to trade crypto on Binance. You must trade at least $10 worth of cryptocurrency. For regular users (anyone who isn't a VIP member), the default trading fee on Binance is 0.1%.

How to trade 1 USDT on Binance? ›

Trade USDT Easily - Buy and Sell Using Your Favorite Payment Methods
  1. Place an Order. Once you place a P2P order, the crypto asset will be escrowed by Binance P2P.
  2. Pay the Seller. Send money to the seller via the suggested payment methods. ...
  3. Receive Crypto.

Can I buy crypto with USD on Binance? ›

If you are a new user, this is the easiest option to purchase Bitcoin. Navigate to buy Bitcoin with USD page on Binance. Select Bitcoin and USD from the dropdown menu. Choose "Card" as the payment method, and click "Confirm".

How do I add USD to Binance? ›

On June 13, 2023, Binance.US began its transition to a crypto-only exchange, which means we no longer accept USD deposits and withdrawals for the time being — until we are able to secure stable banking partners.

Does Binance have USD? ›

Binance USD, which is also known as BUSD, is a U.S. dollar stablecoin issued by crypto exchange Binance and blockchain company Paxos Trust.

Can you sell for USD on Binance? ›

Sell USDT for USD - USDT to USD Calculator. Binance. Enter the amount, select the available payment method, and choose the account to receive the payment. Confirmation of transaction detail information, including trading pair quotes, fees, and other explanatory tips.

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